Crypto’s Domino Effect Is Widening, Threatening More Pain

Turmoil in the digital-assets ecosystem has grown in recent weeks, with losses in cryptocurrencies blowing holes in balance sheets and pushing firms near bankruptcy. After a pair of cryptocurrencies crashed, wiping out billions of dollars in value in May, a British Virgin Islands court this past week ordered a hedge fund that had survived several … Read more

EU seeks deal on ground-breaking rules to regulate crypto

Companies EU seeks deal on ground-breaking rules to regulate crypto Thursday June 30 2022 The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, crypto assets are largely unregulated, with national operators in the EU … Read more

Coinbase slashes 1,100 jobs as crypto downturn worsens 

Companies Coinbase slashes 1,100 jobs as crypto downturn worsens  Wednesday June 15 2022 Coinbase Global Inc will cut about 1,100 jobs, or 18 percent of its workforce, the cryptocurrency exchange said on Tuesday, the latest company preparing to ride out a downturn in the cryptosphere. The cryptocurrency market has been roiled by extreme volatility as … Read more

Bitcoin stems heavy losses but pessimism reigns in crypto markets

Currencies Bitcoin stems heavy losses but pessimism reigns in crypto markets Tuesday June 14 2022 Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp US interest rate rises shook the volatile asset class. Bitcoin clawed its way to positive … Read more