Tag: crypto winter

Jun 30 2022

Celsius Network Reiterates Commitment to Restoring Operations Amidst Rumors a $2B Deficit Discouraged FTX From Bailing it Out

Summary: FTX reportedly walked away from a potential deal with Celsius Network after analyzing the latter's finances. Celsius Network allegedly had a $2 billion deficit on its balance sheet at the time of the talks with FTX. Celsius Network team has since issued a statement reiterating their commitment to restoring liquidity and operations. The Sam Bankman-Fried-led crypto exchange of FTX reportedly walked away...

Jun 29 2022

Ex-Coinbase Board Member Warns Crypto Will Go Lower in 2022, Advises Holding Enough Cash for the Next 30 – 36 Months

Summary: Tom Loverro has recommended crypto investors have enough cash to get through the next 30 to 36 months. According to his analysis, the crypto markets could go lower in 2022 and be flat in 2023. He warns that previous Bitcoin and crypto cycles are not a determinant of the future of the markets. Former Coinbase Board member Tom Loverro has recommended that...

When Will Crypto Markets Recover? Former Coinbase Exec Weighs In

Jun 29 2022 Published at Coingape under tags  crypto crash crypto winter news

Tom Loverro, a long-time crypto investor who formerly served on exchange Coinbase's board, says it may take years before markets recover from a crypto winter. Loverro said in a Twitter thread the ongoing crash isn't a black swan event, but is rather the result of rising interest rates and inflationary pressures. He expects investors to...

Jun 25 2022

Bitpanda Sacks A Third Of Staff As Crypto Trading Platform Scales Down

Bitpanda, an Austria-headquartered cryptocurrency trading platform, revealed in a blog post on Saturday that it is reducing its employees to maintain sustainability. As crypto winter starts, Web3 companies are in the uncomfortable situation of laying off employees. During a corporate call early Saturday morning, Bitpanda disclosed a desired workforce of 730, or 34% of its current headcount. According to numerous news sources, the...

Jun 16 2022

Web3 Still ‘Mega-Mega Bullish’ Despite Crypto Mayhem, Polygon Co-Founder Says

Web3 is not about to cave in despite the adversity engulfing the crypto market. The crypto winter is almost literally "freezing" the flow of life into the digital currency ecosystem. But despite this, Polygon Co-Founder Sandeep Nailwal maintains a positive attitude in the face of uncertainty. While things may be rocky and overwhelming for Web3 and the crypto market...

Jun 15 2022

MicroStrategy CEO Says They Expected Crypto Carnage And Will ‘HODL Through Adversity’

Jun 15 2022 Published at Bitcoinist.com under tags  bear market bitcoin btc crypto crypto news

Even while MicroStrategy's CEO remains optimistic despite the crypto market's current dire condition, these times have proven to be the most agonizing for all stakeholders, including the software company. Michael Saylor, the chief executive officer of MicroStrategy, tweeted on June 14 to allay concerns that his company's Bitcoin holdings may be about to cost them dearly. Saylor asserts that the company can withstand...

Jun 14 2022

Coinbase Cuts Team Size By 18% While Binance Opens 2,000 New Vacancies

Brian Armstrong, CEO of American exchange platform, Coinbase, is laying off 18% of the current team, as a means of ensuring checks and balances through the recession period. This is according to a statement in the platform's official blog. Coinbase's Rapid Growth Resulted In More Inefficiency Armstrong's seemingly harsh decision is a means of preventing...

MicroStrategy ($MSTR) Loses A Fortune Amid Crypto Crash, Will It Sell BTC?

Michael Saylor, American business executive and CEO of MicroStrategy, has revealed that his business intelligence (BI) firm anticipated and made provisions for volatility before adopting a Bitcoin strategy. This comes amidst the current crypto winter that has threatened a liquidation of the Microstrategy's BTC holdings. Michael Saylor still believes in Bitcoin The current bear market...

Jun 13 2022

Glassnode Predicts More Pain Ahead; Here’s Why

In a publication made by Glassnode, a cryptocurrency on-chain analytics platform, the ongoing bearish run in the crypto market...

Crypto Winter Has Arrived: Is It Time To Buy The Blood In Bitcoin?

The crypto market has now declined to one of its lowest points in two years as bitcoin and others have fallen, and this has struck fear in the hearts of investors. Due to investors being too scared to put any money in the market, the prices of the digital assets such as Bitcoin continue to fall. As the chart bleeds red, there are...

Jun 09 2022

Is Bitcoin Bottom In Already? Fundstrat Co-founder Tom Lee Predicts BTC’s Next Moves

In a recent interview with CNBC, the Managing Partner and Co-founder of Fundstrat Global Advisors, Tom Lee, shares his beliefs about Bitcoin hitting rock bottom already. According to Tom, 'Bitcoin is doing far better than what everybody...

Jun 02 2022

Gemini Announces 10% Reduction In Employment To Survive Crypto Winter

For the first time, Gemini Trust Co., a crypto exchange established by two brothers, Tyler and Cameron Winklevoss, has announced a 10% reduction in employment due to the overall industry decline. Gemini is a United States- based regulated crypto exchange established in 2014,...

May 13 2022

Is A Bitcoin Winter Here? Next BTC ATH Could Only Come By 2024

May 13 2022 Published at Coingape under tags  bitcoin (btc) bitcoin news crypto winter news

The cryptocurrency market tumble has just halted for a while as the major tokens register some recovery. The market crash has left the largest cryptocurrency, Bitcoin (BTC) to fall by 50% from its all time high (ATH). However, the BTC managed to surge by 9% in the last 24 hours. BTC still holding fort Bitcoin...

Feb 21 2022

We May Be Heading For A Crypto Winter Alike 2018: Crypto Analyst

With inflation rising sharply in the United States, analysts are predicting at least six hikes in the Federal Reserve's key rate to 1.50%. The move will bring an end to pandemic-era policies that had flushed the market with cash and spurred a near two-year rally in risk-driven assets. Higher inflation drives up the cost of The post We May Be Heading For A...

Feb 07 2022

What Crypto Winter? Institutional Investors Pour Billions Into Digital Asset Companies

‘Crypto winter' is a term that gets thrown around a lot in the crypto space. Some may not know the exact meaning of this phrase but may infer a strong negative connotation just from the words themselves. But it refers to a long and prolonged fiat trading period that follows a crash in the crypto market. Hence, all of the speculations that have...

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