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The Latest Breaking News from Cryptocurrency

The Weekly Wrap for Saturday, 14 May 2022

It's been a bad week (month, year) to be a Web3 booster. Coinbase conceded that it may not be able to protect all the deposits it holds if it goes under. NFT's are evaporating and not even a CGI model of Madonna's vagina can save them. But in this edition…

inkl Originals

Crypto’s $270 billion meltdown gives way to an uneasy calm

Even by the white-knuckle standards of the cryptocurrency universe, it was a standout week.

Tribune News Service

If You Invested $1,000 In Terra (LUNA) On Jan. 1, 2022, Here's How Much You'd Have Now

One of the biggest stories in the world of cryptocurrency this week has been the fall of a stablecoin and a coin associated with it. Here’s a look at how an investment in the cryptocurrency has fared in 2022.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Mark Cuban Never Held Terra Or TerraUSD After Checking 'To See If It's A Sustainable Product'

Famous investor and cryptocurrency proponent Mark Cuban said he never held any Terra (CRYPTO: LUNA) or TerraUSD (CRYPTO: UST) and also refused to Anchor Protocol (CRYPTO

Benzinga

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

It’s been a wild week in crypto, even by crypto standards

The Independent UK

Why Galaxy Digital Shares Are Soaring Today

Galaxy Digital Holdings Ltd.(TSX:GLXY) (OTC:BRPHF) provided a preliminary quarter-to-date company update. Galaxy Digital has a liquidity position of ~C$1.6 billion, including C$800 million in cash and over C$800 million in net digital assets, with the majority of net digital assets in non-algorithmic stablecoins. Galaxy Digital said it maintains a healthy capital and liquidity…

Benzinga

Here's How Much $100 Invested In Bitcoin Today Will Be Worth If It Hits All-Time High Again

The cryptocurrency market is crashing this week and many of the largest coins haven’t been able to escape the carnage of a potential crypto winter.

Benzinga

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Cryptocurrencies: why they've crashed and what it could mean for their future

If you had invested £100 (US$122) in the cryptocurrency Luna a month ago, you might have been quietly confident you’d made a sensible bet. But Luna’s value has since fallen drastically – at the time of writing, that £100 is worth around 4p (5¢).

The Conversation

How The Fed's Interest Rate Hike Affects Crypto

This week has been quite the rough one for the cryptocurrency market. After enduring several days of consistently falling prices last week, we saw Monday come with even more bad news as coin prices took further tumbles.

Benzinga

$370M In Bitcoin Was Just Transferred Between 2 Wallets

What happened: $370,740,096 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: bc1qjuv09uhkfzejfd64heew9g7kr6a9gsedcdn2md22vqdksdu0ar3s4l204h

Benzinga

Bitcoin Set for Record Losing Streak as ‘Stablecoin’ Collapse Crushes Crypto

Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest…

Asharq Al-Awsat

Dogecoin Stages Sharp Recovery: What's Driving It?

Dogecoin (CRYPTO: DOGE) shot up over 23% to $0.09 over 24 hours leading up to early Friday morning. DOGE recovered alongside other major coins as the global cryptocurrency market cap rose 13.2% to $1.3 trillion at press time.

Benzinga

FTSE 100 Live: Musk ‘still committed’ to Twitter deal, stocks and bitcoin rally

Stock markets and cryptocurrencies have rallied at the end of another volatile week of trading.

Evening Standard

Cathie Wood Adds $14M In Coinbase As Stock Weathers Massive Crypto Crash

Cathie Wood-led Ark Investment Management scooped up more shares in Coinbase Global Inc (NASDAQ: COIN) on Thursday as the cryptocurrency trading platform emerged from a massive slump

Benzinga

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news in one place.

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Benzinga

Bitcoin, Ethereum, Dogecoin Just Under Key Levels After Crypto Crash — Analyst Says Investors Vulnerable To 'One Last Plunge'

Bitcoin and Ethereum hovered just under key psychological levels, as the global cryptocurrency market cap declined 2.2% to $1.2 trillion at press time.

Benzinga

Much Currency! Much Wow! Why Dogecoin Could Be Getting Another Elon Musk-Fueled Lift Thursday

Meme cryptocurrency Dogecoin (CRYPTO: DOGE) is no stranger to sudden spikes in its price.

Bangkok Post

Stocks across Asia nosedive

The Thai bourse plunged yesterday, in line with global stock and cryptocurrency markets, as investors worried the Federal Reserve may implement more aggressive rate hikes to tackle runaway inflation.

Benzinga

Charles Hoskinson Shares Plan To Avoid Economic Collapse: How Crypto Could Help

One of the biggest names in the world of cryptocurrency shared thoughts on the current state of the global economy and inflation this week.

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news in one place.

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Benzinga

If You Invested $1,000 In The Coinbase IPO, Here's How Much You'd Have Now

Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) had one of the biggest public listings of all time when it went public via direct listing in April 2021. Here’s a look back at how shares have done since the Coinbase IPO.

Benzinga

If You Shorted Dogecoin When Tesla CEO Elon Musk Hosted 'SNL,' Here's How Much You'd Have Now

It’s no secret meme cryptocurrency Dogecoin (CRYPTO: DOGE) fell sharply after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's perfo

Benzinga

$85M In Bitcoin Was Just Transferred Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $85,646,174 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS

Benzinga

Can USDC Follow UST's Footpath? Probably Not, And Here's Why

On Wednesday, the cryptocurrency community saw TerraUSD (CRYPTO: UST) the native algorithmic stablecoin of the Terra (CRYPTO: LUNA) protocol lose its peg while bringing LUNA down with it.

Benzinga

CEO Of 'India's Robinhood' Echoes Coinbase's Warning: Crypto Exchanges Carry A Risk

Indian financial services firm Zerodha's co-founder and CEO Nithin Kamath sounded the alarm for crypto investors as the U.S. cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) shot a bankruptcy-related warning.

Benzinga

Dogecoin Crashes Sharply As Crypto Market Goes Down Bottomless Pit: Who Is To Blame?

Dogecoin (CRYPTO: DOGE) plunged sharply by over 30% to $0.07 in the 24 hours leading up to the early hours of Thursday. The meme coin fell amid a wide rout in the market as the global cryptocurrency market cap dropped 19.15% to $1.2 trillion.

Benzinga

Cathie Wood Puts In Another $29M In Coinbase, Showing Conviction In Crypto Stock Amid Sell-Off

Cathie Wood-led Ark Investment Management on Wednesday further raised its exposure in Coinbase Global Inc (NASDAQ: COIN) on the day shares of the cryptocurrency exchange crashed after it reported a first-quarter loss and a significant drop in trading volume.

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