Survivors of 2022 crypto crash could be the new Amazons and eBays – BOE

Survivors of 2022 crypto crash could be the new Amazons and eBays – BOE

(Kitco News) The companies that survive the 2022 crypto crash could become the new Amazons and eBays of the world, said Bank of England Deputy Governor Jon Cunliffe. There are similarities between the dotcom collapse of 2000 and this year’s crypto price meltdown, Cunliffe said at the Point Zero Forum in Zurich on Wednesday. “The … Read more

The future monetary policy is all about CBDCs, not crypto – BIS’ report

The future monetary policy is all about CBDCs, not crypto – BIS’ report

(Kitco News) “Anything that crypto can do, CBDCs can do better” is the sentence that describes the Bank for International Settlements’ vision for the future monetary policy system. The future of money is all about central bank digital currencies (CBDCs), not crypto. And that’s because of all the flaws that cryptocurrencies pose, especially those that … Read more

Crypto weekend meltdown: Bitcoin price touches $17k, Ethereum below $900 as renewed selloff sends prices spiraling

Crypto weekend meltdown: Bitcoin price touches k, Ethereum below 0 as renewed selloff sends prices spiraling

(Kitco News) The crypto space faced another sharp selloff during the weekend as Bitcoin plunged below $18,000 and Ethereum dropped below $900. The overall crypto market cap plummeted to $847 billion, down nearly 10% on the day. Bitcoin hit $17,677, the lowest level since November 2020, and Ethereum fell to a low of $893, the … Read more

Bill Gates on crypto and NFTs: ‘100% greater fool theory’

Bill Gates on crypto and NFTs: ‘100% greater fool theory’

(Kitco News) As crypto investors watched their market dramatically crash this week, Microsoft co-founder Bill Gates compared NFTs (non-fungible tokens) to “greater fool theory.” Here’s what he meant. Digital assets like NFTs are “100% based on the sort of greater fool theory that someone is going to pay more for it than I do,” Gates … Read more

Gold price, Bitcoin price react as Fed’s Powell says another 75bps hike possible in July, ‘softish landing’ depends more on external factors

Gold price, Bitcoin price react as Fed’s Powell says another 75bps hike possible in July, ‘softish landing’ depends more on external factors

(Kitco News) All eyes were on Federal Reserve Chair Jerome Powell after the US central bank raised rates by 0.75% — the biggest increase since 1994. And he did not hold back – stating that another 0.75-percentage-point hike is possible in July and that the so-called ‘softish landing’ will now depend more on external factors … Read more

What’s next for crypto after ‘perfect storm’ crashes prices? Ethereum’s market cap is ‘orders of magnitude higher’ than Bitcoin — Messari

What’s next for crypto after ‘perfect storm’ crashes prices?  Ethereum’s market cap is ‘orders of magnitude higher’ than Bitcoin — Messari

(Kitco News) Following the latest massive selloff, the overall crypto market cap is now below $1 trillion — that is billions of dollars vanished in the last few days. And even though the macro-environment remains unsupportive for risk-on assets until inflation slows down, the focus remains more long-term, according to Messari senior research analyst Tom … Read more

Bitcoin and crypto platforms are in trouble. What’s behind the collapse? – National

Bitcoin and crypto platforms are in trouble.  What’s behind the collapse?  – National

The plummeting value of Bitcoin and turmoil across major cryptocurrency platforms has many investors fretting about their digital wallets and leaders in the space warning about a “crypto winter.” So what’s happening, and what does it mean for your portfolio? Here’s what you need to know. What’s happening to Bitcoin? Bitcoin is continuing a downward … Read more

Fed Fears Spark Sudden $100 Trillion Crypto Price Crash—Sending Bitcoin, Ethereum, BNB, Solana, Cardano, XRP, Dogecoin, Polkadot, Tron And Avalanche Into Free Fall

Fed Fears Spark Sudden 0 Trillion Crypto Price Crash—Sending Bitcoin, Ethereum, BNB, Solana, Cardano, XRP, Dogecoin, Polkadot, Tron And Avalanche Into Free Fall

Bitcoin BTC ethereum and other major cryptocurrencies have crashed this weekend, with more than $100 billion wiped from the combined crypto market after US Treasury secretary Janet Yellen issued a stark crypto warning. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The bitcoin price has dropped … Read more

Crypto crash: Ethereum plummets, Bitcoin price outlook ‘deteriorates’

Crypto crash: Ethereum plummets, Bitcoin price outlook ‘deteriorates’

(Kitco News) The crypto space saw another sudden crash over the weekend as Bitcoin and Ethereum posted significant losses, eroding future price outlooks. Bitcoin was below $28,000 on Sunday, down 6% during the last week. And Ethereum witnessed even bigger losses, touching a low of $1,433 — the lowest level in about a year and … Read more

Latest crypto price crash triggers wave of layoffs

Latest crypto price crash triggers wave of layoffs

(Kitco News) After suffering a massive selloff this spring, the crypto space is reeling from a wave of layoffs as companies are forced to cut employees, freeze budgets and even pull existing job offers. The latest news came from Coinbase, which announced that it is extending its hiring freeze for new and existing positions for … Read more