Category: Investment

[ad_1] The crypto lender Genesis filed for Chapter 11 bankruptcy late on Thursday following the company’s troubles with liquidity triggered by two major collapses in the cryptocurrency industry last year. It came when the company was reportedly seeking to raise capital, but failed. According to the official announcement, Genesis...

[ad_1] Several crypto industry commentators have laid skepticism on FTX CEO John Ray’s vision to potentially reboot the crypto exchange, citing trust issues and “second-class” treatment of customers as some reasons why users may not “feel safe to go back.” Former FTX CEO Sam Bankman-Fried tweeted on Jan. 20...

[ad_1] At first glance, 2022 in crypto looks like nothing other than an outright catastrophe. We had the expected bear market grind, as predicted by Bitcoin’s four-year halving cycles, coupled with the domino-rally collapse of ecosystems and entities, from Terra/Luna to, most damagingly of all, FTX. With that in...

[ad_1] After the DXY fell intra-day to a new 7-month low of 101.56 yesterday, the Bitcoin price briefly managed to tackle the key resistance zone above the $21,500 mark, reaching its highest level since September 13, 2022, at $21,650. However, the euphoria did not last long for two reasons....

[ad_1] Law firm Sullivan & Cromwell contradicted itself when it stated that shuttered crypto exchange FTX US is insolvent, former CEO Sam Bankman-Fried claimed in a Jan. 17 blog post that was shared on Twitter. FTX US is solvent, as it always as been.https://t.co/XjcyYFsoU0 pic.twitter.com/kn9Wm9wxjl — SBF (@SBF_FTX) January...

[ad_1] The heated debate about introducing a central bank digital currency (CBDC) in the western world continues with fervor in 2023. Whilst many nations see great potential in digital fiat, several remain hostile or at least indifferent. Despite the UK being touted as being more crypto-friendly since the premiership...

[ad_1] Ethereum is consolidating gains above $1,500 against the US Dollar. ETH could start another increase and clear the $1,600 resistance zone in the near term. Ethereum is showing positive signs above the $1,500 and $1,520 resistance levels. The price is now trading above $1,550 and the 100 hourly...

[ad_1] Bitcoin’s chart shows a tug-of-war between bulls and bears, and this is having a slight impact on the upward price action of most altcoins. [ad_2] Source link...

[ad_1] The price momentum of VeChain (VET) registered a halt over the last 24 hours after the altcoin started to trade laterally. In the same time frame, the coin dipped 0.9%, which is minor meaning that VeChain was in consolidation. The coin had picked up bullish momentum at the...

[ad_1] Binance Custody, the institutional digital asset custody arm of the leading cryptocurrency exchange, Binance, officially launched Binance Mirror, its off-exchange crypto settlement solution, on Monday. The new service provides Binance’s institutional investors with access to the crypto exchange’s trading and investment products while their collaterals are kept in...