Crypto Lenders Face DeFi Beating By Reuters

Crypto Lenders Face DeFi Beating By Reuters

© Reuters. FILE PHOTO: A representation of bitcoin is seen in an illustrative photo taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier By Lisa Pauline Mattackal and Medha Singh (Reuters) – Crypto lending may not be down, but it’s certainly on the ropes. Crypto lenders have exploded over the … Read more

Why Many Young ESG Investors Also Own Cryptocurrencies – Reuters News in France and abroad

Students take part in the Global Climate Strike march in New York. Johannes Eisele | AFP | Getty Images As the bull market flourished in 2021, many investors became interested in investments that reflected their values. Environmental, social and corporate governance – or ESG – investments have attracted record levels of new assets. Last year, … Read more

Crypto Crash: How the Market Crashed – Reuters News in France and abroad

It was another bad week for the cryptocurrency market. On Sunday, crypto lending and trading platform Celsius Network announced that it would suspend all withdrawals and transfers. Coinbase, another crypto trading platform, also laid off 18% of its workforce on Tuesday and warned of a prolonged “crypto winter”. And on Saturday, the Bitcoin price fell … Read more

Bitcoin price drops below $18,300 as selling gathers momentum – Reuters News in France and abroad

Bitcoin plunged to $18,248 and Ether fell to $944 mid-afternoon Saturday as selling in the crypto market accelerated. The world’s two most popular cryptocurrencies have fallen over 35% in the past week, with both breaching token price barriers. The carnage in the crypto market is partly related to pressure from macroeconomic forces, including spiraling inflation … Read more

Why the $2 Trillion Crypto Market Crash Won’t Kill the Economy – Reuters News in France and abroad

Francesco Carta Photography | time | Getty Images The carnage in the crypto market will not stop, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go bankrupt. The chaos has spooked investors, wiping out more than $2 trillion in value in a matter … Read more

Bitcoin, Terra and Celsius collapses raise questions about crypto insurance – Reuters News in France and abroad

The crypto industry is cratering. Bitcoin prices are at their lowest since 2020; one platform banned users from withdrawing funds, and many of the biggest crypto companies, including Coinbase and BlockFi, announced layoffs. This disruption reflects the economic turmoil rippling through the entire market, but also serves as a stern warning to ordinary people who, … Read more

New crypto fundraising startup to accept political donations in digital currencies as 2022 midterms heat up – Reuters News in France and abroad

Candidates running in the 2022 midterm elections could see a boost to their campaign war chests with the launch of a fundraising platform that will accept and process crypto donations. The new platform, titled Engage Raise, is set to launch in July and will allow federal candidates to raise campaign funds solely through cryptocurrencies. Crypto … Read more

Crypto Firms Shake As Prices Crash – Reuters News in France and abroad

For months, critics have wondered how Celsius could maintain such high returns without jeopardizing its depositors’ funds with risky investments. The company has caught the eye of several state regulators. Ultimately, a drop in crypto prices seemed to put the company under more pressure than it could handle. With Bitcoin’s price plummeting, Celsius announced on … Read more

Bitcoin plunge creates problems for Michael Saylor’s MicroStrategy – Reuters News in France and abroad

Michael Saylor, President and CEO of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part of a strategy. unorthodox cash management. Eva Marie Uzcategui | Bloomberg | Getty Images Having once lost $6 billion At the height of the dotcom bubble, software entrepreneur … Read more

BlockFi cuts 20% of its staff as bitcoin plunges – Reuters News in France and abroad

Crypto lender BlockFi is cutting around 20% of its staff as the company reckon with a dramatic slowdown in digital currencies and heightened concerns about a weakening economy. CEO Zac Prince said in a tweet on Monday that BlockFi was impacted by the “dramatic change in macroeconomic conditions,” which had a “negative impact” on growth. … Read more