The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations.
Cryptocurrency Exchange News
Cryptocurrency exchanges are an integral part of how people and institutions access Bitcoin (BTC) and other digital assets, yet these services didn’t arrive until over a year after Bitcoin’s launch.
In the early days, the predominant means of acquiring Bitcoin was by either mining or direct, peer-to-peer exchange. When the first crypto exchange, BitcoinMarket.com, launched in spring 2010, people could finally access the burgeoning cryptocurrency industry without technically demanding mining, risky P2P deals or the critical responsibility of key management.
Cryptocurrency exchanges can be incredibly lucrative, daunting, risky enterprises, as they navigate a rapidly maturing industry, shifting regulatory frameworks and adversaries looking for any vulnerability.
Nevertheless, exchange platforms will continue to be critical to the industry, as they provide the primary bridges between the world of fiat and the world of crypto.
According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.”1097
Bitcoin and most major altcoins remain stuck inside a range as traders keep a close eye on next week’s macroeconomic events.1676
The new disclosure page allows skeptical users to self-verify that their assets are included in the report.6336
Despite missing a response deadline, Sam Bankman-Fried says he’s willing to testify at a U.S. House hearing into the collapse of FTX.3113
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales such as Three Arrows Capital and Alameda.3353
WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token.5209
The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number.6333
Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement.2432
The cryptocurrency exchange had previously reported that it expected losses of $500 million this year amid the bear market.9641
New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare.4641
The current weakness in BTC and major altcoins shows that investor sentiment remains negative and that bears are active at higher levels.5740
This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions.7084
BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000.8082
Celebrities in sports and entertainment including comedian Larry David, tennis star Naomi Osaka, NFL quarterback Tom Brady and NBA point guard Stephen Curry promoted FTX.3418