Bankrupt crypto lender Genesis has reached an agreement in principle with Gemini and other creditors on a restructuring plan about a month after Cameron Winklevoss made their spat public. As part of the agreement, Gemini agreed to contribute $100 million in additional funds to users of the Earn product. The terms also include a sale of
Paxos, a prominent player in the stablecoin market that issues Binance USD (BUSD) and the native Paxos stablecoin USDP, is reportedly under investigation by the New York Department of Financial Services (NYDFS). This could be what has drawn attention from authorities, as the SEC forced Kraken this week to close staking facilities. Another project that could be
Bitcoin options markets are signaling that investor sentiment has hit a new low for the year, as investors face a mounting wall of worries including the prospect of a regulatory crackdown in the US and a possibly more hawkish US Federal Reserve monetary policy outlook. That’s according to data provided by crypto analytics firm The
The ratio between all Bitcoins moved at a profit and loss fell below 1 for the first time in more than two weeks on Thursday the 9th of February, according to data from crypto analytics firm Glassnode. The so-called Bitcoin Realized Profit/Loss Ratio fell to 0.9189 as Bitcoin’s price slumped to a new near-three-week low under
The crypto market has experienced a downturn as of late, with Bitcoin and Ethereum prices dropping by 5.09% and 6.39% respectively on the previous candle close. The total crypto market capitalization has also decreased, currently standing at around $1 trillion, down 1.2% over the previous 24 hours. While some market corrections were expected, the recent
The Dogecoin (DOGE) cryptocurrency, which runs the Dogecoin crypto payments blockchain inspired by the dog meme, suffered a significant drop on Thursday, leading to a further deterioration in price predictions. The coin, which had been experiencing an upward trend since December 2022, took a turn for the worse on Thursday as a result of
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NEO, the cryptocurrency that powers the smart-contract-enabled Neo blockchain, has been surging in 2023, and the rally isn’t showing any signs of stopping just yet. NEO/USD was last changing hands slightly to the north of $9.0 per token, up around 47% year-to-date, though the cryptocurrency has now pulled over 10% lower versus its Thursday highs
The price of Bitcoin has been volatile over the last couple of weeks. After breaking through $23,000, the cryptocurrency has lost significant value and is currently trading at around $21,800. The price may fluctuate somewhat over time and it’s wise to have some Bitcoin left in your portfolio, ready to buy back in when the
