Crypto Crash

By the close of this decade, as many as 15 central bank digital currencies (CBDCs) might be operational worldwide, according to a survey conducted by the Bank for International Settlements (BIS). The Switzerland-based institution, which is under the ownership of 63 central banks accounting...

Cryptocurrency analyst Benjamin Cowen has warned investors that the price of Ethereum (CRYPTO: ETH) could crash more than 65% during the bear market due to at least one major economic concern. Addressing his over 779,000 followers on YouTube in a strategy session, Cowen said the world’s...

A day after Binance (CRYPTO: BNB) CEO Changpeng Zhao revealed he would offload all the FTT tokens in the company’s kitty, FTX’s native token (CRYPTO: FTT) nose-dived about 35% and made a low of $15.56, from a high of $23.15 it had made over the last 24 hours. FTT is currently...

Dogecoin (CRYPTO: DOGE) saw a sudden crash of 8% on Monday night to fall below the key 10-cent mark. The meme cryptocurrency traded at $0.09896 amid overall market weakness that saw Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) plunge as well. Two of the world's largest...

A Singapore-based court is set to hear a lawsuit filed by over 350 international investors against the co-founder of embattled Terraform Labs Do Kwon. The investors claim to have lost about $57 million due to the collapse of the Terra blockchain and the subsequent crash of its native token Luna,...

Hong Kong wants to establish itself as a center for cryptocurrencies and is implementing new regulations that would make trading in digital assets by retailers legal in the city. The initiative, which is set to begin in March 2023, would require crypto platforms to obtain licenses, according to a...

Venture capital firm Andreessen Horowitz's flagship cryptocurrency fund lost around 40% of its value amid the market slump this year. Still, firm partner Chris Dixon foresees a mass adoption of blockchain technology and a “very long-term horizon” on digital assets. While he is not...

Investors have liquidated more than $445 million from the cryptocurrency market in the past 24 hours. This happened after the largest digital currencies of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) plummeted to new lows over the weekend and traded significantly lower on...

By Sean M Cleary The all-time highs of cryptocurrency in 2021 now seem like a distant memory, as the 2022 crypto crash has seen major digital assets give back the gains made during their historic bull run. So, what is causing the crypto crash? It is critical to realize that crypto assets are...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk on Wednesday reacted to a tweet from Dogecoin (CRYPTO: DOGE) creator Billy Markus, where the latter highlighted the ongoing crash in financial markets by way of a meme. "It's end of the world as we know it," Markus said...

The second-largest cryptocurrency by market cap, Ethereum (CRYPTO: ETH) has stumbled from its $1800 levels to a 7-day low of $1322. With a drop of over $200, ETH has gained over 40% in its trading volume in the past 24 hours, as the bears seem to have started accumulating...

The world's largest cryptocurrency by market cap, Bitcoin (CRYPTO: BTC) crashed to its 18-month low at $24,552 on centralized exchanges such as Binance, and Coinbase leaving investors wondering if now is a good time to buy?  Image source: Binance BTC/USD spot  With a strong...

Market-wide panic ensued after Tether (CRYPTO: USDT) – the largest stablecoin by market cap – began losing its peg to the U.S. dollar. What Happened: According to data from Benzinga Pro, USDT fell to an all-time low of $0.948 across major exchanges like Coinbase Global Inc (NASDAQ...

Crypto liquidations exceeded $1.2 billion at press time with over 420,000 traders hit by the market-wide crash. What Happened: According to data from Coinglass, Ethereum (CRYPTO: ETH) saw $313 million worth of liquidation orders as its price dropped 23% to a low of $1,838 on Wednesday. The single...

Terra (CRYPTO: LUNA) and its native stablecoin TerraUSD (CRYPTO: UST) brought each other down in a cryptocurrency market catastrophe that would not be easy to forget. What Happened: Market data shows that Terra's price fell by over 97% from Wednesday's intraday high of $...