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Bitcoin Defies Gravity: Grayscale's Bold Prediction Amid Rate Increase Fears
Tuesday, May 2, 2023 - 2:38pm | 382As the price of Bitcoin (CRYPTO: BTC) experiences fluctuations ahead of the U.S. Federal Reserve's upcoming interest rate decision on Wednesday, Grayscale has suggested cryptocurrency prices could still benefit from a rate increase, provided that the outcome aligns with market expectations...
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Crypto Traders Lose $650M In A Single Week — Here's Why
Monday, April 24, 2023 - 4:20pm | 431Traders holding long positions in futures suffered significant losses due to falling crypto prices last week, with around $650 million in longs liquidated across derivatives exchanges since April 17, according to a report. Binance and OKX saw the most significant volume at $234 million and $...
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Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report
Monday, January 2, 2023 - 10:44am | 510Banking giant Citigroup (NYSE: C) considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management. Austin Campbell, the former co-head of...