20% returns over in CeFi, DeFi lives on

PARIS — Celsius and Voyager Digital were once two of the biggest names in the crypto lending space, because they offered retail investors outrageous annual returns, sometimes approaching 20%. Now, both are bankrupt, as a crash in token prices — coupled with an erosion of liquidity following a series of rate hikes by the Federal … Read more

FTX Proposes Joint Proposal to Bailout Bankrupt Voyager’s Customers

FTX crypto exchange announced on Friday that its plans to give Voyager Digital’s customers access to some of their funds. According to a joint proposal between FTX and Alameda Ventures, a trading firm founded by Bankman-Fried, Voyager customers will be able to claim a part of their funds that were frozen more than three weeks … Read more

How the fall of Celsius dragged down crypto investors

Celsius filing for bankruptcy this week surprised virtually no one. Once a platform freezes customer assets, it’s typically all over. But just because the fall of this embattled crypto lender didn’t come as a shock, it doesn’t mean it wasn’t a really big deal for the industry. In October 2021, CEO Alex Mashinsky said the … Read more

Despite crypto crash, the Libertarian Party of Florida is doubling down on Bitcoin | Florida News | Tampa

Image via x Libertarian Party of Florida Despite a recent plunge in the cryptocurrency market, the Libertarian Party of Florida is backing Bitcoin as a hedge against inflation. Saying the nation’s central banking system is a primary “culprit” for inflation and that “the lack of sound money is crippling the economy,” the party announced Tuesday … Read more

Investors Take Bitcoin Off Exchanges as Crypto Winter Settles In

As the crypto winter deepens, only the staunchest Bitcoin investors are still holding onto their tokens — but not on the exchanges. As the crypto winter deepens, only the staunchest Bitcoin investors are still holding onto their tokens — but not on the exchanges. Investors in the world’s biggest cryptocurrency are going into hibernation mode … Read more

Crypto here to stay and now is time to think long-term

It’s been a brutal stretch for the crypto market, and a hard time for cryptocurrency investors to keep their emotions in check. The sector’s market cap collapse was led by terraUSD, one of the most popular US dollar-pegged stablecoins, which imploded virtually overnight. But bitcoin and ethereum, too, saw massive price declines from their recent … Read more

Tracking crypto news from around the world

This week’s top-5 stories curated to catch up with the crypto world. We have launched Cryptogram, a free, India-focused weekly newsletter on blockchain tech, global crypto markets, and Web 3.0 technologies which promise to change our future. If you would like to subscribe to this newsletter, click here. You can read our past editions here. … Read more

Record Bitcoin losing streak eyed as ‘stablecoin’ collapse crushes crypto

Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, … Read more

Stripe launches crypto payments feature, with Twitter as first client

Illustrative image of two commemorative bitcoins with a green background. Arthur Widak | nur photo | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will … Read more