USDT in turmoil: The stablecoin Tether falls victim to an explosive wave of speculation – BeinCrypto

USDT was singled out at the start of the crypto winter, when it lost parity with the dollar. With the crisis, stablecoins seem threatened… but the fault would not lie solely with the whims of the market. An upcoming dive for USDT? Speculation has never done cryptocurrencies any good and yet it is still as … Read more

Quantitative Hedge Funds Are Profiting From The Cryptocurrency Turmoil

Quantitative Hedge Funds Are Profiting From The Cryptocurrency Turmoil

A small group of hedge funds are taking advantage of the digital asset market turmoil that has already wiped billions of dollars off the total value of cryptocurrencies. Some computer-driven funds – which use algorithms to try to predict and trade price movements in crypto and other markets – have reaped gains from rapid declines … Read more

Middle East Crypto Exchange, BitOasis, Cuts 5% Of Its Staff Due To Recession And Market Turmoil

As the bear market spreads, more cryptocurrency exchanges are joining the wave of mass layoffs, even as some analysts suggest the bottom may be hit. On June 19, BitOasis, a cryptocurrency exchange located in the United Arab Emirates, which has served the Middle East since 2015, announced the layoff of 5% of its employees in … Read more

Crypto Exchanges Cut Jobs As Market Turmoil Triggers Trading Slowdown

Crypto Exchanges Cut Jobs As Market Turmoil Triggers Trading Slowdown

Major digital asset exchanges are losing hundreds of workers in a sharp reversal of the industry’s meteoric expansion as a two-year streak gives way to a crypto cooling. U.S.-listed Coinbase on Tuesday announced plans to lay off nearly a fifth of its workforce, or more than 1,000 people, joining rivals such as Gemini, and … Read more

Shiba Inu and Dogecoin, in the turmoil of the looming crypto winters, should we still trust them? | | Cryptocurrency

Dogecoin and Shiba Inu are arguably the most popular meme-inspired cryptocurrencies on the market, seeing the huge growth the two have seen over the years. Dogecoin hit a new high of around 73 cents. Dogecoin has become one of the most important cryptocurrencies in the market, its price having increased by more than 12,000% in … Read more

Fed’s Brainard says recent crypto ‘turmoil’ could make the case for a digital dollar – CNET – ApparelGeek

Federal Reserve Vice Chair Leal Brainard has been the central bank’s most vocal supporter for experimenting with government-issued digital currency as cryptocurrencies like bitcoin BTCUSD,-1.55%and ether ETHUSD,-2.69%have exploded in popularity and the use of Federal Reserve paper money has declined in recent years. On Thursday, Brainard appeared before the House Financial Services Committee to make … Read more