A U.S. bankruptcy judge determined on Wednesday that Celsius Network controls the majority of the cryptocurrency that users deposited onto its online platform. This implies that most Celsius users will be last in line for repayment in the crypto lender’s bankruptcy. According to a 45-page petition from the U.S. Bankruptcy
January 5, 2023 2 mins read
Federal bank regulatory authorities in the United States have released a statement on the risks of cryptocurrencies to banking organizations. On Jan. 3, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued a joint statement regarding the challenges that
January 4, 2023 2 mins read
Celsius Network, a bankrupt cryptocurrency lender, has agreed to allow cryptocurrency miner, Core Scientific to shut down over 37,000 mining rigs, which it hosted for Celsius during the miner’s bankruptcy proceedings. After deciding to reject its contract in recent days, Core Scientific (CORZ) will shut down mining equipment connected to
January 4, 2023 2 mins read
The global cryptocurrency market currently signals a bullish outlook. Due to the markets’ sudden “green turn,” the leading cryptocurrencies are witnessing a positive price momentum, with their values increasing during the last 24 hours. According to CoinMarketCap (CMC), the market’s dominant cryptocurrency, Bitcoin (BTC), is currently trading at around $16,733.30
January 3, 2023 1 min read
Dante Disparte, the Chief Strategy Officer and Head of Global Policy for the leading digital financial services firm, Circle, admits that cryptocurrency technology will shift to more stable hands. According to Disparte, the instability in the global crypto market over the past year may herald the transfer of crypto technology
January 3, 2023 2 mins read
The cryptocurrency industry is more successful for the boomers. According to a recent report from Bybit and consumer research firm Toluna, the senior folks are adapting traditional market research techniques to crypto projects. According to the study, 34% of the boomers invest 50% more than other generations. They also take
December 31, 2022 1 min read
Paul Krugman, the Nobel Prize-winning economist compares Elon Musk’s Tesla stock with Bitcoin (BTC). In an opinion piece recently published in the New York Times, Krugman stated that Tesla has more in common with the dominant currency of the global crypto market. He also expressed that both assets’ prices are based
December 30, 2022 2 mins read
In Mirror Protocol (MIR) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about MIR to analyze the future movement of the cryptocurrency. Mirror Protocol (MIR) Current Market Status Current Price $0.155232 24 – Hour Trading Volume $52,836,784 24 – Hour Price Change 27.2% up Circulating
December 30, 2022 8 mins read
After experiencing a dramatic price surge over the last few days, Terra Classic (LUNC) is currently witnessing a breakout from its rapid price spike. LUNC, one of the leading altcoins in the global cryptocurrency market, has attained a significant price increase recently, registering more than 10%. However, the token has
December 29, 2022 1 min read
The cryptocurrency trader accused of fraud in a $110 million allegation scam at Mango Markets has been detained in Puerto Rico. The scammer behind the exploitation of the decentralized trading platform is also charged with market manipulation and fraud by the prosecutors in New York. Avraham Eisenberg allegedly manipulated the
December 28, 2022 1 min read