Binance CEO Says Worst Cryptocurrency Crash “is probably over”

““I think the worst part is probably over. We’ve seen a pretty steep decline. ‘“ It’s Changpeng Zhao, CEO of cryptocurrency exchange Binance, discussing the recent drop in cryptocurrency prices, which some are labeling a full-scale slump. Zhao’s comments were documented by Coindesk cryptocurrency writer Sandals Handagama. The event hadn’t released video of the panel’s … Read more

Cases of COVID are rising again in Europe as Moderna claims its booster candidate protects against the omcron BA.4 and BA.5 subvariants

Cases of COVID are again on the rise in Europe, led by the BA.4 and BA.5 subvariants of the omicron variant of the SARS-CoV-2 virus which are considered 10% to 15% more infectious than previous iterations of the virus, and Portugal, France, Germany, Italy, Spain, Greece, the Netherlands and Denmark are spreading rapidly. In France, … Read more

‘There’s no safe haven anywhere’: Crypto swindles are rampant. Will the crypto crash make them worse?

It started a cryptocurrency investing opportunity that slid into George Kissi’s direct messages in late April. It’s ending with a bitcoin loss of almost $20,000 that the self-declared “risk taker” from Dublin, Ohio calls “a total scam.” “I don’t know why I fell for that, other than greed,” Kissi, 49, told MarketWatch. When you have … Read more

Bankers who quit cryptocurrencies have no regrets in the midst of the crash: “I’ve never looked back, not even a day”

Bankers who have left traditional finance to take advantage of the boom in digital assets have instead been greeted with a new “cryptocurrency winter”. Former employees of JPMorgan, Goldman Sachs and Citigroup were among those affected as cryptocurrency exchange Coinbase cut 1,100 roles and revoked 300 job vacancies, while Gemini, Crypto.com and BlockFi also slashed … Read more

Cryptocurrency lobbyist donated £ 500,000 to conservatives before UK ‘crypto hub’ move

The Conservative Party received a £ 500,000 donation from a British cryptocurrency investor two months before the government pledged to make the UK “the best place in the world” to set up cryptocurrency businesses. Christopher Harborne, a Thailand-based businessman, made the payment on February 9. The government two months later announced its intention to turn … Read more

Places of exchange: AJ Bell founder resigns, crypto loses more than 1,000 jobs, new Santander CEO

The cryptocurrency sector has been the hardest hit by the recent market crash. Coinbase they have cut 1,000 jobs, about a fifth of its employees, while Crypto.com and BlockFi are cutting a total of 400 jobs. Cryptocurrency bosses “need to project some humility in the face of job losses, hiring freezes and revocation of offers,” … Read more

SEC’s Gary Gensler Warns Lawmakers Not To Weaken Broader Markets With Cryptocurrency Rules

On June 14, Securities and Exchange Commission Chair Gary Gensler expressed concern that efforts in Congress to write legislation for the cryptocurrency industry could undermine regulations governing wider capital markets. When asked about a bill presented last week by Senators Cynthia Lummis and Kirsten Gillibrand, Gensler initially hesitated, saying he’d rather discuss the bill with … Read more

Opinion: “Liquidation Panic” has taken over the stock, bond and crypto markets – and this could be the beginning of the end

The US stock market is experiencing a liquidation panic where everything is being sold. The good news is that these panic attacks don’t usually last long. Take a deep breath. Despite the fact that negative ZBTs were not part of Marty Zweig’s work as detailed in his book “Winning on Wall Street”, this study is … Read more

Opinion: “Liquidation Panic” has taken over the stock, bond and crypto markets – and this could be the beginning of the end

The US stock market is experiencing a liquidation panic where everything is being sold. The good news is that these panic attacks don’t usually last long. Rob Hanna’s analysis of Quantifiable edges suggests a rare Inverse Zweig Width Thrust (ZBT). Although the sample size is small (n = 10 since 1926), the bearish implications of … Read more