The Latest Breaking News from Crypto

NEW YORK: US crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices.

Former employees and internal documents suggest a reckless pursuit of high returns put the company in a poor position to ride out this year’s market turbulence

Dogecoin (CRYPTO: DOGE) traded 2.05% lower at $0.06 over 24 hours leading up to the early hours of Wednesday. DOGE fell in tandem with other major coins as the global cryptocurrency market cap declined 1.5% to $873.1 billion at press time.

CNBC Bankrupt Crypto Firm Three Arrows Capital’s Assets Frozen By New York Judge

Crypto assets have seen a massive fall from their late 2021 highs. Coinbase Global (COIN) has fallen 78.5% year-to-date due to the highly uncertain macroeconomic environment. Despite its poor financials, the company remains bullish on its investments in decentralized finance and NFTs. However, given the unfavorable analyst estimates about COIN’s…

Down to £0.38 from £1.02 at the start of the year, Cardano (ADA) is at its lowest price since February 2021, having suffered as much from the crypto winter of 2022 as bitcoin, Ethereum and many other tokens.

As investors await inflation data, Bitcoin and other major coins continue to tread red waters. The global cryptocurrency market cap declined 2.85% to $864.3 billion on Tuesday.

For miners eating the cost of a massive crypto nosedive, the temporary pause may actually be welcome.

In a recently conducted exclusive survey, Benzinga found that a majority of investors believe it is a good time to invest in cryptocurrencies.