Tag: banking

The crypto market is performing triage this morning after a brutal Monday that saw double digit losses across the board and saw the total market capitalization for the sector fall below $1 trillion ... ( read original story ...)

It is impossible to ignore the absolute carnage going on in the crypto market between crashing prices of Bitcoin, Ethereum and most other coins, the shutdowns of exchanges due to volatility with no ... ( read original story ...)

The crypto winter is growing colder, as the giant trading platform Coinbase announced Tuesday that it will axe 1,100 workers, about 18 percent of its staff. Just last week, the co ... ( read original story ...)

The Bank of Japan announced a further set of buying operations today (June 14) after yields came under continued upward pressure. In a set of previously unscheduled purchases, the ... ( read original story ...)

Crypto exchange Coinbase will sack 18 per cent of staff amid fears of an incoming “crypto winter”. Brian Armstrong, Coinbase’s chief executive and co-founder, said that he admitted the company had ... ( read original story ...)

Factors including rampant inflation and an imminent interest rate hike from the U.S. Federal Reserve, along with an issue at Celsius, are behind the sell-off. ( read original story ...)

Coinbase will cut 18% of full-time jobs, according to an email sent to employees Tuesday. CEO Brian Armstrong pointed to a possible recession, a need to manage costs and growing "too quickly" during a ... ( read original story ...)

The cryptocurrency platform said its workforce will be reduced to about 5,000 workers by the end of the second quarter of 2022. ( read original story ...)

Some economists are predicting the U.S. Federal Reserve could accelerate its planned interest rate hikes—potentially causing more pain for bitcoin and ... ( read original story ...)

El Salvador’s bitcoin stockpile is now worth less than 50 per cent of the price it acquired it for following the latest crypto market crash. The losses, which total more than $50 million, pose an ... ( read original story ...)

Southeast Asia, a diverse region with an expanding population and rising income, is emerging as a popular destination for crypto entrepreneurs and investors hunting down high-growth startups in the ... ( read original story ...)

According to data provided by Coinmarketcap, the global crypto market cap fell to $983.72bn, before rebounding to a current price of $1.02trn. Bitcoin (BTC-USD) has fallen by 28.8% in the last week to ... ( read original story ...)

The dark streak continues for the crypto industry. In the aftermath of a dark day, which saw Bitcoin fall to its lowest level since December 2020, cryptocurrency prices continued ... ( read original story ...)

Bitcoin steadied on Tuesday after initially falling to a new 18-month low as major crypto lender Celsius Network's freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the ... ( read original story ...)

Japan's Nikkei index fell for a third day on Tuesday, amid risks to growth from aggressive U.S. monetary tightening and strict COVID-19 curbs in China, but ended off its lows as bargain hunting ... ( read original story ...)

Japan equities were lower at the close on Tuesday, as losses in the Transportation Equipment, Machinery and Electrical/Machinery sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 ... ( read original story ...)