The back-to-back downfalls of promising crypto projects last year has been blamed for causing the ongoing banking crisis in the US by the Federal Reserve Bank of Chicago (FRBC). In a fresh analysis, the FRBC has said large withdrawals by institutional crypto investors stirred a liquidity crisis so severe that…
Bitcoin’s price has fared better over the past few days but hasn’t quite managed to break past the psychologically important $17,000 (roughly Rs. 13.8 lakh) level, even though the wider market appears to have turned a corner after the collapse of FTX. As things stand, Bitcoin is down by close…
Despite seemingly enjoying the air above $19,000 (roughly Rs. 15.71 lakh), Bitcoin’s price hasn’t moved much as the stuttering global economy continues to spook investors. Since September 20, the top cryptocurrency has remained between $18,250 (roughly Rs. 15.09 lakh) and $20,370 (roughly Rs. 16.84 lakh), with volatility being further sapped…
Bitcoin and the wider cryptocurrency market climbed higher in trading on Tuesday after experiencing a turbulent month of October so far, with BTC posting its biggest two-day increase in almost a month. As things stand, the value of Bitcoin is up by 2.57 percent in the last 24 hours with…
Bitcoin and the rest of the crypto market saw a bit of a bounce in prices on Tuesday as riskier asset classes were back in flavour ahead of the US Federal Reserve’s monetary policy meeting later in the day. As things stand, the value of Bitcoin has witnessed a rise…
Bitcoin, the world’s largest cryptocurrency by market capitalisation, led other crypto assets in go-slow mode after losing over 4 percent in value over the weekend. However, things have begun looking better to begin the week already. The value of Bitcoin has witnessed a minor climb over the last day by…
Cryptocurrencies exhaled over the weekend after Friday’s steep price plunge as investors continued to chew over the latest inflation data and ongoing macroeconomic uncertainty. The value of Bitcoin has witnessed a 1.25 percent rise in the last 24 hours with its price now right below the $21,500 (roughly Rs. 17.17…
Non-fungible token (NFT) and crypto projects that were formerly on Terra have begun migrating to Ethereum Layer 2 protocol Polygon. According to Polygon Studios CEO Ryan Wyatt, over 48 crypto and NFT projects have begun migrating from Terra to Polygon with some notable projects moving over including popular NFT marketplace…
Bitcoin tumbled to its weakest level in 18 months on Saturday before mounting somewhat of a recovery through Sunday although experts believe that another slide soon could be in the offing, extending a slide on investor worries about growing troubles in the industry and the general pull-back from riskier assets….
The collapse of the algorithmic stablecoin TerraUSD has raised questions about the future survival of similar crypto assets and Tether co-founder Reeve Collins believes that the UST crash could spell the end of most algorithmic stablecoins, if not all. In an interview at the World Economic Forum in Davos, Reeves…
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