Bitcoin Family say they lost $1 million in value this year

‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihuttu The “Bitcoin Family” is down more than $ 1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $ 69,000 in Nov. 2021 – but patriarch Didi Taihuttu is as bullish as ever. “I’m buying bitcoin daily,” … Read more

Bitcoin just had its worst month in more than a year

Bitcoin just finished its worst month since May 2021, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Though weakness in the digital assets sector is part of a broader flight from risk, confidence … Read more

FBI adds ‘Cryptoqueen’ to ‘Ten Most Wanted Fugitives List’ for fraud

The Federal Bureau of Investigation seal is seen at FBI headquarters. Yuri Gripas | Reuters WASHINGTON – The FBI on Thursday added Dr. Ruja Ignatova, the self-proclaimed ‘Cryptoqueen,’ to its list of Ten Most Wanted fugitives, and is offering a $ 100,000 reward for information leading to her arrest. Ignatova, the founder of a cryptocurrency … Read more

Grayscale sues SEC after rejected bid to turn bitcoin fund into ETF

The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, which manages the world’s largest bitcoin fund, said it would sue the US Securities and Exchange Commission after regulators turned down … Read more

Crypto hedge fund Three Arrows Capital plunges into liquidation

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Major cryptocurrency hedge fund Three Arrows … Read more

El Salvador bitcoin experiment not saving country’s finances

A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022. Alex Pena | Anadolu Agency | Getty Images El Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like President Nayib Bukele hoped it would. The government’s crypto coffers have been cut in half, … Read more

Bitcoin price drops below $18,300 as sell-off accelerates

Bitcoin plunged to $ 18,248, and ether fell to $ 944 as of mid-afternoon on Saturday, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers. Carnage in the crypto market is partly to do with … Read more

Why the $2 trillion crypto market crash won’t kill the economy

Francesco Carta Fotografo | Moment | Getty Images Carnage in the crypto market will not let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $ 2 trillion in value in a … Read more

Babel Finance suspends withdrawals as crypto markets slump

A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, ​​Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the digital currency … Read more

New crypto fundraising start-up will take political donations in digital currencies as 2022 midterms heat up

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Candidates running for election in the 2022 midterms could see a boost to their … Read more