Tag: cointelegraph

Jun 21
Crypto exchange BlockFi secures $250M credit from FTX amid bear market

At a time when a significant number of crypto platforms are struggling to remain afloat, BlockFi hopes the new credit line would help them secure user’s funds 740 Total views 47 Total shares BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi […]

Jun 21
Deloitte and NYDIG set up alliance to help businesses adopt Bitcoin

Deloitte wants to enable blockchain and digital asset-based services across many areas involving Bitcoin products like banking, rewards programs and others. 258 Total views 7 Total shares Professional services giant Deloitte is getting increasingly serious about Bitcoin (BTC) amid the ongoing market downturn, setting up a major initiative to promote BTC adoption. Deloitte has partnered […]

Jun 21
‘Bitcoin dead’ Google searches hit new all-time high

Sentiment in the crypto community is the lowest it has ever been, leading to fresh speculation that BTC is a dying asset. 6255 Total views 757 Total shares Collapsing Bitcoin (BTC) prices are reviving renewed speculation about the demise of the leading cryptocurrency, according to Google search trends.  Google searches for “Bitcoin dead” spiked in […]

Jun 21
ProShares will launch ETF aimed at shorting Bitcoin following dip under $20K

The ETF will allow U.S. investors to bet against BTC using futures contracts given the cryptocurrency’s performance in a single day, as measured by the CME Bitcoin Futures Index. 2597 Total views 27 Total shares The firm behind one of the first Bitcoin futures-linked exchange-traded funds in the United States will give investors a new […]

Jun 21
Why the crypto market crash may play in Bitcoin’s favour

Podcaster and Bitcoin educator Natalie Brunell believes the current market turmoil could lead to regulation favoring Bitcoin over alts. 5897 Total views 37 Total shares Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra (LUNA, now rebranded LUNC) and Celsius (CELH) and the following market sell-off will lead to […]

Jun 21
Bitcoin futures enter backwardation for the first time in a year

Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support, but derivatives metrics tell a completely different story as professional traders are still extremely skeptical. BTC-USD 12-hour price at Kraken. Source: TradingView It’s […]

Jun 20
Chinese court invalidates 2019 car sale made using now worthless crypto token

It appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place. 755 Total views 4 Total shares Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on […]

Jun 20
Solend invalidates Solana whale wallet takeover plan with second governance vote

If Solend is unable to take over the account, some believe that it could cause a meltdown, driving SOL’s price to zero. 8638 Total views 51 Total shares Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gave Solend Labs “emergency powers” to access a whale’s […]

Jun 20
‘Worst quarter ever’ for stocks — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week still battling for $20,000 support as the market takes in a week of severe losses. What felt all but impossible just weeks ago is now a reality as $20,000 — the all-time high from 2017 to 2020 — returns to give investors a grim sense of deja vu. Bitcoin […]

Jun 20
Crypto lending can still survive bear market, analyst says

Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst. 1636 Total views 10 Total shares The ongoing bear market on cryptocurrency markets is too harmful to industry lenders, but the concept of crypto lending can still survive the bloodbath, according to some […]