The latest Crypto crash leaves bettors bruised and bewildered

LONDON / MUMBAI / ANKARA, June 21 (Reuters) – For Jeremy Fong, US cryptocurrency lender Celsius was the perfect place to put his digital currency holdings aside and earn some cash to spend on his interest rates. to two digits along the route. “I was probably earning $ 100 a week,” at sites like Celsius, … Read more

Cryptoverse: Cryptocurrency lenders face a DeFi beating

A depiction of bitcoin can be seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France on June 23, 2017. REUTERS / Benoit Tessier Register now for FREE unlimited access to Sign in June 21 (Reuters) – Cryptocurrency lending may not be sold out, but it’s definitely on the ropes. … Read more

Bitcoin clay heavy losses but pessimism reigns in the cryptocurrency markets

LONDON, June 14 (Reuters) – Bitcoin stabilized on Tuesday after hitting a new 18-month low earlier as major cryptocurrency lender Celsius Network blocked withdrawals and prospects for strong interest rate hikes. Americans rocked the volatile asset class. Bitcoin made its way into positive territory after falling 7.3% to $ 20,816, its lowest level since December … Read more

Explanation: The world of crypto loan

A representation of cryptocurrencies in this illustration taken on January 24, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Sign in LONDON, June 13 (Reuters) – Leading US cryptocurrency lender Celsius Network froze withdrawals and transfers on Monday, citing “extreme” market conditions, triggering a sell-off across all cryptocurrency … Read more

US exchange Binance sued cryptocurrency investor over stablecoin crash

NEW YORK, June 13 (Reuters) – Binance US and its CEO were sued Monday by a US investor who claims the cryptocurrency exchange falsely marketed Terra USD as a safe asset before the so-called stablecoin plummeted. last month. Stablecoins are digital tokens anchored to the value of traditional assets, such as the US dollar, and … Read more

Central bankers of Kenya and Nigeria criticize cryptocurrencies and promote digital currencies

June 10 (Reuters) – Cryptocurrencies jeopardize financial stability, but central bank digital currencies could solve problems like bringing the poor into the financial system or cutting transaction costs, Kenyan and Nigerian central bankers said Friday. Nigeria’s eNaira digital currency, introduced last October, is a plus for inclusion, said Kingsley Obiora, deputy governor of the country’s … Read more