Cryptocurrencies that were the taste of the season until about last year saw a sudden drop on every matrix for exchanges – trading volumes, value and profitability – as a crypto winter sets in after a sharp decline in prices in recent months. The sudden shift in market sentiment from exuberance to fear has led … Read more
Source: Adobe/Tim A booming South Korean bank appears to be suffering from crypto market volatility – and may have to put plans for an initial public offering (IPO) on hold if the crypto winter continues. Per ENews today, K-Bankthe banking partner of the market leading crypto exchange Up bitit is “to experience difficulties”. The report … Read more
Cryptocurrency According to Toya Zhang, CMO of Bit.com, cryptocurrency exchanges that bet on excessive leverage will not make it through the current bear market. Bit.com is the second largest crypto options exchange, established as part of the Unicorn Matrixport ecosystem. Advertising Based in Singapore, it offers spot, forward, perpetual, options and savings contracts. The company … Read more
The cryptocurrency industry has announced mass layoffs amid fears of a so-called “crypto winter”. The fall in the price of bitcoin, which has lost more than two-thirds of its value since the highs in November, has dragged the entire sector into a serious crisis. This crisis was exacerbated by the Luna/UST crash – which wiped … Read more
Facebook Twitter Messenger WhatsApp LinkedIn Why “Buy the Dip” is Key Buy the dip is buying low and selling high, but in reality, many investors do not follow this practice. Instead, they fall victim to the fear of running out when the market is booming and selling when the market is crashing. Although no investor … Read more
Facebook Twitter Messenger WhatsApp LinkedIn Most savvy investors will always strive for a diversified portfolio across assets to smooth out gaps in the market and allow for lasting gains while mitigating losses in a tumultuous market. However, with inflation recent to record highs and the arrival of Crypt o winterit’s more important than ever to … Read more
Source: Adobe/Kenishirotie Many big crypto companies have started to slow down their hiring and downsize as revenues have fallen due to the crash in the crypto markets. But that doesn’t mean there aren’t crypto jobs that remain in demand, especially as several companies continue to hire. Read on for a list of roles that are … Read more
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Australian crypto exchange BTC.com.au announced its shutdown on June 17 and said “it is not possible to continue to operate” under the current market circumstances. “Unfortunately the worst thing that can happen has happened. “ Crypto Winter claims another victim The … Read more
Cryptocurrency markets are under pressure. On Wednesday, June 15, the market capitalization of cryptocurrencies fell below $1 trillion, from over $3 trillion in November 2021. As crypto market volatility escalates and investors continue to get rid of risky assets, the future of ostensibly decentralized currencies looks uncertain at best. Bitcoin and other cryptocurrencies fell after … Read more
Michael Wang is the founder and CEO of the alternative investment platform Prometheus. The executive explained how bitcoin has failed to live up to its billing as an inflation hedge. Wang also explained why bitcoin and ether remain the top crypto options for retail investors. “The world is moving towards more transparency,” says Michael Wang, … Read more