The Bank for International Settlements, which is an international financial organisation of 63 central banks of the world, has warned that the risks of decentralised digital currency are already becoming apparent. It said in an annual report that since November 2021, the entire value of the cryptocurrency industry has fallen...
Crypto fears now materialising, central bank body BIS says Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body for central banks, sounded the warning in an upcoming annual report,...
The crypto market is beginning to make it clear that the industry is shifting to another season. For the past few weeks, the market has seen the price volatility of Bitcoin. This also includes price action for Ethereum, Dogecoin, and many more. Last month, numerous crypto traders and investors lost...
It’s been a nightmare few months for cryptocurrency investors, with billions being wiped off the market in a matter of weeks, but it’s about to get a whole lot worse. It’s been a nightmare few months for cryptocurrency investors, with billions being wiped off the market in a matter of...
Magic Eden is the latest NFT marketplace to cash in getty Crypto may be down, but Jack Lu and Zhouxun Yin are continuing to build. The cofounders of Magic Eden, the top Solana SOL -based NFT marketplace by market share, announced today the close of a $130 million Series B...
The crypto market has plummeted—brought on by the uncertainties in the financial markets, leading to rampant job cuts and the news of scammers running riot hitting the front page every other day. So, it’s only natural to expect Web3 startup founders to brace themselves for the worst and living in...
The Wall Street Journal (“The Crypto Party Is Over”) notes the similarities between the current price adjustments in the cryptocurrency markets and the late-1990s collapse of many internet companies. To be fair, investors back then were correct in their basic thesis: The internet was indeed the future. But that didn’t...
Global crypto exchange Coinbase has announced its intention to lay off 18 per cent of its global workforce, including 8 per cent of its staff strength in India, in another sign of a worsening crypto downturn that has shaved off trillions of dollars of the total cryptocurrency market value. “Yesterday...
