market downturn
Defying Gravity: Why XEM, CRO, and SOL Price are Trending Up Amid Market Downturn
While the market is bearish today, XEM, CRO, and SOL are showing strong resistance and are trending up
Argo Shares Plunges 72% After Fundraising Fails to Go Through
Shares of Bitcoin miner Argo fell 72% on Monday after a strategic investor failed to participate in the company's fundraising event
Coinbase to Taper Down its Hiring Plans amidst Unfavorable Market
Nasdaq-listed cryptocurrency exchange, Coinbase Global Inc, is tapering down its plans to hire more staff this year as current market realities do not permit it.
Galaxy Digital’s Q2 Net Loss Tripled To $554.7 Million Amid Market Turmoil
Galaxy Digital said its net loss in the second quarter had risen three times the amount it experienced during the same period last year. The asset manager stated that the losses were triggered by the ongoing market downturn.
Coinbase Cuts Employees By 18% as Market Outlook Remains Bleak
CEO Brian Armstrong has announced that approximately 18% of all of Coinbase Global Inc’s workforce will be laid off as the cryptocurrency trading platform strategizes to navigate the now evident crypto winter.
Coinbase to Revoke Job Offers Extended to Newly Employed Staff
Coinbase Global Inc, the largest trading platform in the United States is going all tough on its no-hiring plans which was announced by Emilie Choi, the firm’s President and COO about 2 weeks ago
Jump Crypto Enters Confidential Phase in SEC vs. Terraform Labs Case
Jump Crypto has been granted access to confidential documents in the SEC vs. Terraform Labs case, allegedly implicating them in the TerraUSD devaluation and Terra's collapse.
Bitcoin Is Working Despite Broad Market Downturn, Says El Salvador FM
Alejandro Zelaya has defended El Salvador’s Bitcoin plan. According to the finance minister, the plan is working amid challenges posed by the market crash.
Stone Ridge Shutting down Bitcoin Futures Fund, Returning Money to Investors
Stone Ridge’s Bitcoin Futures Fund suffers losses triggered by market downturn and competition.
WisdomTree Third-Quarter Crypto Assets’ AUM Drop 36% As Market Losses Continue
WisdomTree has seen its crypto assets under management fall by 36% in what the company said has been triggered by the ongoing market turbulence.
Payments Firm Bolt Scraps $1.5B Proposed Acquisition of Crypto Firm Wyre
Bolt said that it has pulled out of a $1.5 billion deal to buy crypto firm Wyre amid market downturn.
Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage
Following the oil market crash in April, electricity prices have continued to fall globally. Bitcoin educator Andreas Antonopoulos believes that despite the disruption to industries, the oil market downturn could give US cryptocurrency miners an advantage.
BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic
While many institutions struggled to recover from the market downturn experienced in March, publicly-traded, blockchain-focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285 percent in Q2 2020, through well-timed investments in both bitcoin (BTC) and ether (ETH), and crossed the $1 million mark for cryptocurrency assets under management (AUM).
Maker’s Dai Stablecoin Could Reach $2 Billion in Market Cap by the End of 2021—Here’s Why
Messari boldly suggests that after Dai’s market cap surged by 15x this year, due to DeFi, the stablecoin’s market cap could double by the end of next year
Bloomberg Report: COVID Stock Market Shake-Out Accelerating Bitcoin Maturation Into Digital Gold
A new report from international news agency Bloomberg indicates that the COVID-19 pandemic’s shake-out of the stock market may be accelerating Bitcoin’s maturation into a new kind of digital gold.
Coins Making The Biggest Moves in The Market Today: NXM, HBAR, and ENJ
This piece profiles three of the coins making the biggest move in the market today. These cryptocurrencies include NXM, HBAR, and ENJ.
Stablecoin On-Chain Activity at Record Highs but Will Crypto Market Inflation Follow?
On-chain activity for stablecoins has surged over the last year, increasing by 800% according to the latest market intelligence, but could the increase in stablecoin issuance create inflation in the cryptocurrency markets as past allegations against Tether and Bitfinex have suggest ?
COVID-19 Market Climate Perfect Catalyst for Bitcoin Demand Says Binance.US CEO
The coronavirus panic-driven frenzy to acquire assets of lasting bona-fide value has put the traditional gold market to the test and may be creating the perfect catalyst for Bitcoin according to Binance.US CEO Catherine Coley.
Understanding the Market Structure of Oil and its Correlation with Bitcoin
The price of crude oil dropped below zero for the first time in history. With storage facilities filled to the brim and settlement of May futures contract on Tuesday, the price movement has shocked many. In this analysis, we study the recent history of oil, what drives it price and how it affects Bitcoin.
China’s Cryptography Law Piques Local Interest and Stirs Global Market Reaction
The recent passing of China's Cryptography Law, which will come into effect in 2020, has peaked local interest as searches for blockchain on WeChat surged ten-fold.
Bitcoin Evaporated 30 Billion Market Cap Amid Coronavirus Pandemic and Bearish Economic Outlook
There's a sea of Red for stocks and cryptocurrencies this week. Bitcoin has dipped below USD $6000 for the first time since May 2019. The selloff of cryptocurrencies has extended to altcoins which the price of Ethereum and Bitcoin SV have dropped 30% and 40% respectively.
Is Bitcoin’s True Power Being Revealed as COVID-19 Market Crisis Sends Oil Futures Price Below Zero?
As WTI crude oil futures plummeted into negative territory, the pioneer cryptocurrency Bitcoin hardly seemed to notice, recording only a minor correction and dipping under 7k.