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

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

Celsius touted itself as better than a bank. Now the crypto firm is filing for bankruptcy.

Celsius Network filed for bankruptcy protection on Wednesday after a “crypto winter” — or crash — that decimated the value of digital currencies including bitcoin and ethereum. The company said most accounts will continue to be “paused until further notice.” Celsius is the third crypto-related firm to file for bankruptcy protection in two weeks. It … Read more

A 20-40% housing crash is coming, says investor who called crypto ‘The Tulip Mania of the 21st Century’ – Peter Grandich

(Kitco News) – Peter Grandich, who correctly predicted the crypto and stock market crashes, said that he expects a better correction in the real estate market in the United States. I have suggested that the recent selloffs in crypto and equities would spill over into housing. Grandich said that the goal, … Read more

Companies with the most cryptocurrency positions

The market for digital currency is expanding and it’s creating brand new jobs in its wake. In 2021, crypto-related job postings on Indeed emerged by 118%, according to technology insights platform TechRepublic. In June of 2022, despite a volatile cryptocurrency landscape, searches for crypto-related jobs rose by 560%, according to cryptocurrency job search platform cryptojobslist.com. … 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

Crypto crowd dominate Davos main street despite price crash

DAVOS, Switzerland, May 23 (Reuters) – A free bitcoin pizza stall and a “Liquidity Lounge” were among the treats on offer for attendees at this year’s meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values. Executives from the crypto sector have … 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

Binance backing for Elon Musk’s Twitter bid boosts ‘Web3’ vision

Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,” crypto-friendly social media platform. … Read more