Celsius Network Insolvent Since Inception
A court-ordered investigation is looking into Celsius Network, a cryptocurrency lender that promised its customers a big 17% return on their deposits every year.
The company’s failure was reportedly inherent in its business model, and its founder and CEO, Alex Mashinsky, has come under fire for fraud.
“Extreme Market Conditions”
In June 2022, Celsius halted withdrawals and transfers, blaming “extreme market conditions.” The price of …
Ethereum nears Shanghai after first “shadow fork”
Ethereum is one step closer to its upcoming upgrade, Shanghai, after successfully completing its first “shadow fork.” The test launch took place on Monday at around 5:30 a.m. ET, according to Parithosh Jaya…
Genesis filed for bankruptcy protection in USA
Sadly, one more company joins the list of crypto companies that have fallen into bankruptcy.
Genesis Global Capital, LLC, a cryptocurrency lender owned by Digital Currency Group (DCG), filed for ba…
Crypto Today: Risk appetite; Bitzlato bust; FTX funds
Risk appetite returns
The price of bitcoin has risen by almost a third since the beginning of the year, leading to speculation that the prolonged ‘crypto winter’ is finally beginning to thaw. Short selle…
Amazon Web Services Joins Avalanche to Drive Blockchain Adoption
Amazon Web Services (AWS) has announced a partnership with Avalanche to drive adoption of blockchain solutions among institutions around the world. As part of the alliance, AWS now supports Avalanche dApp infrastructure. Ava Labs plans to add its subnetting implementation as a service to the AWS marketplace. Following the news, Avalanche’s native token, AVAX, skyrocketed more than 25%.
This was reported by the TechCrunch site recently:
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Solana’s Doge-themed token BONK experiences wild price fluctuations
Investors in the cryptocurrency world are no strangers to market volatility, and the latest example comes in the form of BONK, a Solana-based, dog-themed token.
After reaching an all-time high price of $0.00000487 per coin on Wednesday, BONK saw a sharp drop to as low as $0.00000223 on Thursday morning, representing a 54% drop in less than 11 hours. However, the token has since rebounded, currently sitting at $0.00000315.
Despite …
Binance Integrates Apple and Google Pay
The biggest cryptocurrency exchange in the world, Binance, has announced that it will now work with Apple Pay and Google Pay. This will make it easier for customers to buy and sell bitcoin using the popular mobile payment systems. With Apple Pay’s 43.9 million users and Google Pay’s 25 million users, this move is likely to make it much easier for people to use bitcoin, especially during the current bear market.
These additional possibiliti…
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Solana Loses 94% of Value Since Start of 2022 Due to Association with SBF and FTX
Solana is a layer-1 blockchain network that is not controlled by a central authority and runs on its own cryptocurrency, SOL. It aims to give dece…
Binance.US agrees to buy the assets of Voyager Digital
Binance.US, the US branch of the popular cryptocurrency exchange, has announced that it will buy the assets of Voyager Digital, a cryptocurrency l…
Before Ethereum merges, Coinbase develops its staking strategy
The largest cryptocurrency exchange in the US, Coinbase, has announced that it will be focusing more of its attention on staking. Staking means ke…
4 billion stablecoins outflow from CEXs
Stablecoins have been leaving exchanges in large numbers over the past month. Since November 4, stablecoin balances have dropped by a net of $4.67…
Sam Bankman-Fried was arrested in the Bahamas
Bankman-Fried has been apprehended in the Bahamas. According to CNBC, Bankman-arrest Fried’s warrant was issued after US officials filed charges a…
Grayscale wants to keep moving forward
Grayscale Investments, a company that specializes in managing digital currency assets, recently announced its plan to turn its flagship Grayscale …
Circle goes to war with Tether
In a recent blog post on the Coinbase website, the company said that it is going to fight Tether, a controversial stablecoin that has been linked …
Crypto Today: The worst; BTC Decoupling; FTX Impact
Is the worst nearly over?
In this still-emerging business, volatility has always been a constant. Cryptocurrency is infamous for its stee…
