Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto market sell-off in an interview…
Category: News
Bitcoin’s Trustless Nature Adds Trust To The Internet
Stephen Thompson is a senior technical editor at LQwD Fintech Corp. He was a Bitcoin researcher and investigator at BIGG Digital Assets, carrying out Bitcoin investigations with analysis of on-chain and off-chain information. Trust is the lifeblood of all social interactions. In an environment with high levels of trust, people can make transactions in full confidence that their counterparties are…
Legend Animator from Japan to Launch Identity Defining NFT Brand “BOSO Tokyo” – Press release Bitcoin News
press release PRESS RELEASE. BOSO TOKYO announce the launch of NFT project “BOSO TOKYO” , an identity defining brand in the Metaverse To commemorate its launch, BOSO TOKYO has launched a giveaway campaign for their NFT. Check out the details here for a chance to win a BOSO TOKYO NFT by completing a few simple tasks. ABOUT BOSO TOKYO BOSO…
What Is Celsius and Why Is It Crashing?
Amid a wider crypto market crash, crypto lending platform Celsius announced on June 12 that it was suspending all withdrawals on its lending platform, citing “extreme market conditions” and a need to “stabilize liquidity.” In the hours after the announcement, Celsius’ native token, CEL, plummeted by 70% in a single hour; by the following day it was trading at over…
Crypto users take to Twitter to lament the ongoing market downturn
Crypto traders and investors started out the week with a major shock to the markets. As assets across the blockchain industry went into a collective dive on Monday, users took to Twitter to voice their dismay (or in some cases jubilation) with the current state of crypto. Inflation, potential interest rate hikes, a looming recession, and yet another DeFi fiasco…
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
Bitcoin’s month-long (BTC) choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The move took place as equities markets also sold-off sharply, hitting their lowest levels of the year. Data from Cointelegraph Markets Pro and TradingView shows that the Bitcoin sell-off began late in the day on June…
Celsius Halts Bitcoin Withdrawals: What Went Wrong?
The below is a free, full excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The purpose of this issue will be twofold: The first will be an in-depth look at the Celsius platform,…
Crypto Lending Company Blockfi Cuts Staff by 20% – Bitcoin News
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to the bear market. Blockfi to…
Scientists claim to have designed a fully decentralized stablecoin pegged to electricity
Researchers at the federally-funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a stablecoin they call Electricity Stablecoin (E-Stablecoin) that would transmit energy as a form of information. Livermore’s Maxwell Murialdo and Jonathan L. Belof say their innovation would make it possible to transmit electricity without physical wires or a grid and create…
NFT Floor Prices Sink Amid Crypto Crash, But Overall Sales On the Rise
In brief Prices for top NFT collections are dropping today as the cryptocurrency market tanks. However, overall NFT trading volume is on the rise as collectors pick up “blue chip” NFTs at a discount. The cryptocurrency market is down today—way down—with a 14% drop in overall value over the past 24 hours, including a 16% loss for Bitcoin and an…