NFT startups hire full-time ‘vibe managers’ to lift the mood amid crypto collapse | Non-fungible tokens (NFTs) | The Guardian

Date:  Comments: 0

Don’t call it a collapse – it’s just a vibe shift. Since January, the market for non-fungible tokens (NFTs) has been locked in a downward spiral, with sales on one popular platform falling to less than one-seventh of their January peak, and the buyer of the so-called “Mona Lisa of the digital world” – a...

Crypto miners moved over $300 million of bitcoin in one day

Date:  Comments: 0

Core Scientific, which is one of the largest publicly traded crypto mining companies in the U.S., sold nearly all its bitcoin in June. CEO Mike Levitt tells CNBC that just like any other business, bitcoin miners need to pay their bills. “We mine and earn or produce bitcoin, but our costs, expenses, and liabilities are...

Germany and the US share the top spot in the global crypto rankings: Report

Date:  Comments: 0

The U.S. climbs the rankings to join Germany at the summit as progressive regulations and institutional adoption drive cryptocurrency use in both countries. Germany and the United States shared the spoils in the latest quarterly global cryptocurrency rankings released by analytics firm Coincub. The two countries now share the top rankings, with Germany making space for...

Market Watch: Bitcoin Tests $20K as Crypto Markets Add $50 Billion in a Day

Date:  Comments: 0

After several days of trading sideways, bitcoin finally initiated a leg up and spiked above $20,000. Most altcoins are also well in the green today, led by Ethereum’s impressive 9% surge. Bitcoin Looks to Reclaim $20K Following the end of June, which turned out to be bitcoin’s worst trading month in over a decade, the...

5 events that could put an end to the current crypto bear market

Date:  Comments: 0

Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed.  As the popular topic of conversation now centers on bearish predictions of how low Bitcoin (BTC) will go and how long this iteration of the...

Fed’s Brainard says crypto needs regulation before it becomes too big

Date:  Comments: 0

Fed’s Brainard says crypto needs regulation now before it becomes so big that it threatens financial system Federal Reserve Vice Chair Lael Brainard became the latest official to speak out on crypto, saying Friday that regulation is needed or the industry could become a wider danger. “Innovation has the potential to make financial services faster,...

Annex’s O.D. Kobo Says Two-Thirds of Crypto Hedge Funds Will Fail

Date:  Comments: 0

Crypto heavyweight at Blockchain conference Kobo blames the challenging global macro backdrop O.D. Kobo, is the former co-founder of PIR Equities, the London-based private equity firm that in 2018 became one of the first institutional investors to enter the crypto space with a $50 million investment in Bitcoin (when it was $6938) and Ethereum (at...

How the fall of Celsius dragged down crypto investors

Date:  Comments: 0

Three weeks after Celsius halted all withdrawals due to “extreme market conditions” — and a few days before the crypto lender ultimately filed for bankruptcy protection — the platform was still advertising in big bold text on its website annual returns of nearly 19%, which paid out weekly. “Transfer your crypto to Celsius and you...

Crypto Lender That Kept Bragging About How Great It Was Files for Bankruptcy

Date:  Comments: 0

Golden Child Embattled crypto lender Celsius finally filed for bankruptcy yesterday, and there’s still no telling when, or even if, customers will ever get their money back. The cryptosphere titan, which boasted a loud-and-proud “Unbank Yourself” motto, attracted bigwig and amateur investors alike with a wildly high-yield savings system marketed as a fee-free alternative to...

Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filing | Reuters

Date:  Comments: 0

Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filingon Thursday, a day after the cryptocurrency lender filed for Chapter 11. This content was originally published here.