Cryptos are dying; long live the blockchain
2 years, 9 months ago

Cryptos are dying; long live the blockchain

Live Mint  

Before I’m accused of being alarmist, crypto isn’t doomed. The provocative title is taken from a cheeky ad that Coinbase, the world’s largest crypto company, ran earlier this year at the US Superbowl, proclaiming “Crypto is dead, long live crypto". As Maria Bustillos put it in The New York Times, “Crypto is just one aspect of the larger blockchain universe… and its skeptics and fans alike must learn to see it as a technological experiment, instead of just a blatant scam or a speculative path to riches." “The crypto market is wildly volatile not because of cryptocurrency’s underlying technology," says Bustillo, “but because of the uneasy and often dangerously unstable junction between emerging technologies and regular money." While the arc lights focus on Bitcoin and crypto, Blockchain has been at work to solve problems in the less glamorous world of supply chains, financial services, large enterprises and energy.

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History of this topic

The crypto industry is advancing. (Just don’t ask it where it’s going.)
1 week, 2 days ago

The crypto industry is advancing. (Just don’t ask it where it’s going.)

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. And while the industry is grateful for all the attention, the White House’s embrace of some of crypto’s less savory aspects, like meme coins, has given serious investors pause. Eswar Prasad: The crypto industry is kissing the ring, and I think it’s getting exactly what it wants from the …

Will America’s crypto frenzy end in disaster?
2 months ago

Will America’s crypto frenzy end in disaster?

Live Mint  

“Get your $TRUMP now," came the message from America’s president-elect three days before his inauguration. For anyone not paying attention, an executive order on January 23rd made things clear: digital assets, it announced, would play “a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership". Then on January 23rd the Securities …

Bitcoin ascendancy, WazirX chaos, and India’s blockchain evolution: Crypto events that marked 2024
2 months, 4 weeks ago

Bitcoin ascendancy, WazirX chaos, and India’s blockchain evolution: Crypto events that marked 2024

The Hindu  

2024 is a year that many crypto investors will toast even decades from now. After the U.S. voted Donald Trump back into the White House, Bitcoin rose till it crossed $100,000 in price for the very first time, signalling traders’ excitement and hopes for the coming year. A large part of this was thanks to investors’ euphoria over Trump’s victory, …

Bitcoin closes in on $100,000 as crypto analysts make bold 2025 prediction
4 months, 1 week ago

Bitcoin closes in on $100,000 as crypto analysts make bold 2025 prediction

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The crypto market’s reaction to Trump’s victory follows an election campaign that saw the Republican candidate pledge …

Crypto's New World Order: Who's Rising to the Top in 2024?
1 year ago

Crypto's New World Order: Who's Rising to the Top in 2024?

Deccan Chronicle  

In 2024, the cryptocurrency landscape is undergoing significant shifts, with new players emerging and established leaders adapting to the evolving market dynamics. As the industry continues to mature, a new world order is taking shape, reshaping the power dynamics and influencing the future trajectory of digital assets. Projects like China's Digital Currency Electronic Payment and the European Central Bank's digital …

Bitcoin price briefly tops $69,000 for new all-time high
1 year ago

Bitcoin price briefly tops $69,000 for new all-time high

Hindustan Times  

Bitcoin surged to a record for the first time in more than two years, yet the original cryptocurrency didn’t stay at its new all-time high very long as many traders appear to have taken the opportunity to book some profit. The net inflow of almost $8 billion in less than two months is colliding with a looming reduction in Bitcoin’s …

Crypto going mainstream could amount to a kiss of death
1 year, 1 month ago

Crypto going mainstream could amount to a kiss of death

Live Mint  

Two big things have happened in the crypto world this month: a public validation and a semi-private snub. Crypto, like me, didn’t even know about all the really good parties, much less get an invitation. These may seem like contradictory developments: On one hand, a Bitcoin ETF legitimizes crypto as an asset class. Crypto was edgy and rebellious, something outside …

Crypto’s 2023 was marred by fraud and scandal. It was its best year ever
1 year, 3 months ago

Crypto’s 2023 was marred by fraud and scandal. It was its best year ever

CNN  

New York CNN — Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling. The cast of “Crypto 2023” starred figures that are now practically synonymous with fraud: Sam Bankman-Fried, Changpeng Zhao, Alex Mashinsky, and, less prominently, Heather “Razzlekhan” Morgan and Ilya Lichtenstein. “We’re going into 2024 with many of the worst of the grifters …

Is this the end of crypto?
1 year, 3 months ago

Is this the end of crypto?

Hindustan Times  

The fall from grace was hard and fast. To the gushing venture capitalists of Silicon Valley, he was the financial genius who could wow investors while playing video games, destined, perhaps, to become the world’s first trillionaire. Big personalities, incestuous loans, overnight collapses—these are the stuff of classic financial manias, from tulip fever in 17th-century Holland to the South Sea …

End Of Crypto-Winter? Bitcoin to rally up, touch $100,000 by 2024, says Standard Chartered
1 year, 11 months ago

End Of Crypto-Winter? Bitcoin to rally up, touch $100,000 by 2024, says Standard Chartered

Firstpost  

With the crypto winter coming to an end, Standard Chartered seems to have taken a bullish position on Bitcoin, the oldest and the largest cryptocurrency there is. Bitcoin, the world’s most valuable cryptocurrency, has the potential to reach a record high of $100,000 next year, according to Standard Chartered, which claims the so-called ‘crypto winter’ is ended. Also read: European …

Is collapse of three US lenders a blessing or curse for Bitcoin, other crypto?
2 years ago

Is collapse of three US lenders a blessing or curse for Bitcoin, other crypto?

Live Mint  

Billions of dollars of money are stuck in US-based lenders after they met their doomsday earlier in March. It began with the 16th largest lender Silicon Valley Bank and right after, in a matter of hours, lenders like Signature Bank and Silvergate Capital followed suit. Among some of the major crypto names that came in limelight to face impact from …

Is crypto about to go extinct?
2 years, 2 months ago

Is crypto about to go extinct?

Al Jazeera  

It will likely survive, but only after more firms and currencies crash and burn. And in November, FTX – the popular crypto trading platform in the Super Bowl The FTX commercial with David ends with the tagline, “Don’t be like Larry.” Today, many of the 420 million people estimated to have invested in crypto might well be wishing they had …

Crypto Outlook 2023: What are the emerging themes to watch out for?
2 years, 2 months ago

Crypto Outlook 2023: What are the emerging themes to watch out for?

Live Mint  

The year 2022 turned out to be a game-changer for the digital asset market. The crypto market cap reversed in the final weeks of 2021 and 2022 after reaching an all-time high of $3,009 billion on November 10. Bitcoin's crypto market dominance increased from 32% during Ethereum's early January 2018 peak to over 50% during the 2019 crypto market bottom. …

2022 was the year crypto came crashing down to Earth
2 years, 3 months ago

2022 was the year crypto came crashing down to Earth

NPR  

2022 was the year crypto came crashing down to Earth Enlarge this image toggle caption Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images There's an expression crypto enthusiasts use, with fingers crossed, in the hopes a particular digital currency's value will blast off: "To the moon!" The industry seemed to reach "peak hype" in January and February, says Molly White, …

Crypto In 2022: The Worst Year For Bitcoin, Ethereum; Is This Beginning of The Fall of Cryptocurrency?
2 years, 3 months ago

Crypto In 2022: The Worst Year For Bitcoin, Ethereum; Is This Beginning of The Fall of Cryptocurrency?

News 18  

The year 2022 has been the worst year for the cryptocurrencies, the virtual assets including Bitcoin, Ethereum and Polygon saw sharp plunges multiple times in the current calendar year. On the outlook for 2023, Iyer said, “Cryptos will experience a downfall for some more time, as the systemic issues in the crypto world are not addressed fully and may experience …

How a Series of Crypto Meltdowns Is Reshaping the Industry
2 years, 4 months ago

How a Series of Crypto Meltdowns Is Reshaping the Industry

Bloomberg  

The history of cryptocurrencies has rarely been dull, but the latest meltdown delivered a series of shocks that shook the foundations of digital assets. A cascade of blowups, including the collapse of a so-called stablecoin in May and the epic unravelling of the FTX crypto exchange in November, left a wave of bankruptcies. After peaking in November 2021, crypto assets …

Cryptos appeal to not die despite volatile markets, macro risks, tax rules
2 years, 8 months ago

Cryptos appeal to not die despite volatile markets, macro risks, tax rules

Live Mint  

There are more reasons to exit the cryptocurrency market in the latest scenario than to hold onto this complex investment mechanism. Some of the factors which have dampened crypto investment mood are - new taxation in India, geopolitical tensions, recession fears, liquidation of hedge funds, suspension of withdrawals, liquidity crunch, macroeconomic risks, and global bear run among others. At present, …

Sure, Crypto Is Crashing, but Everything Is Perfectly Fine
55 years, 2 months ago

Sure, Crypto Is Crashing, but Everything Is Perfectly Fine

Wired  

“Grab your conviction and stay with it.” That piece of advice, doled out on Tuesday by the hosts of popular cryptocurrency podcast Bankless, Ryan Sean Adams and David Hoffman, encapsulates the mindset prevalent in crypto circles these days. The latest victim of the crypto crunch is Celsius, a lending platform that insights company Kaiko says has put $475 million of …

Crash of the Crypto: Why are cryptocurrency investors fleeing?
2 years, 9 months ago

Crash of the Crypto: Why are cryptocurrency investors fleeing?

India Today  

The digital assets industry is under strain. Bitcoin and other cryptocurrencies tumbled after the $12 billion lender Celsius Network halted customer withdrawals Layoffs in cryptocurrency companies like Coinbase, Gemini, and BlockFi after weeks of plummeting coin prices Crypto investors fear the Federal Reserve tightening money will suck out liquidity from the market, which will increase downtrend volatility Why it matters …

No let up in crypto slide, Bitcoin at 18-month low
2 years, 9 months ago

No let up in crypto slide, Bitcoin at 18-month low

Al Jazeera  

Cryptocurrencies are now emblematic of a flight from speculative investments as monetary policy is tightened globally. Cryptocurrencies tumbled afresh on Tuesday, with Bitcoin and Ether falling to new 18-month lows, after major cryptocurrency lending company Celsius Network’s freezing of withdrawals delivered the latest jolt to investors in the asset class. The Celsius move triggered a slide across cryptocurrencies, with their …

A crypto winter or a meltdown? Recession fears and layoffs hit crypto currencies
2 years, 9 months ago

A crypto winter or a meltdown? Recession fears and layoffs hit crypto currencies

NPR  

A crypto winter or a meltdown? Recession fears and layoffs hit crypto currencies As a rout in digital currencies deepens, crypto companies are warning of a coming recession and laying off hundreds of employees. GURA: Well, these are speculative assets, and a lot of what's driving the sell-off in stocks is also driving the sell-off in digital currencies. GURA: I'll …

Crypto crash: What is happening to Bitcoin and is it good news for you?
2 years, 9 months ago

Crypto crash: What is happening to Bitcoin and is it good news for you?

India Today  

Cryptocurrency markets plummeted to an all-time low earlier today, throwing Bitcoin, Ethereum, and other coins into a bigger selloff. Amid the struggle, Bitcoin - the world's largest digital coin - saw its price tanking by over 10 per cent to $24,548 - the lowest in 18 months. According to experts, investors have become extremely wary of risky assets and that …

Crypto meltdown is wake-up call for many, including Congress
2 years, 9 months ago

Crypto meltdown is wake-up call for many, including Congress

Associated Press  

NEW YORK — Meltdowns in the cryptocurrency space are common, but the latest one really touched some nerves. The Terra episode publicly exposed a truth long-known in the always-online crypto community: for every digital currency with staying power, like bitcoin, there have been hundreds of failed or worthless currencies in crypto’s short history. Politicians, crypto enthusiasts, and industry lobbyists all …

What’s next for crypto investors?
2 years, 10 months ago

What’s next for crypto investors?

Al Jazeera  

On Friday, May 20 at 19:30 GMT: Investors have seen their crypto fortunes disappear in the past weeks as a massive sell off of digital assets dealt severe blows to the global market. Many analysts say the crypto market is mirroring ongoing declines in traditional markets that have been hit by rising inflation and a spike in interest rates. And …

What happened to Bitcoin as the ‘future of currency’?
2 years, 10 months ago

What happened to Bitcoin as the ‘future of currency’?

Live Mint  

When the year started, bitcoin was trading above $47,300. In past seven days alone, bitcoin has lost 11.7 percent to trade at $29,500, ethereum lost 18 percent to trade around $2,000 and BNB lost 14 percent, ripple lost 23.6 percent, cardano lost 18 percent and solana lost 28 percent, according to CoinMarketCap data. Bitcoin lost 34 percent from $47,345 on …

Why is crypto crashing? A Q&A on bitcoin, luna and other falling cryptocurrencies
2 years, 10 months ago

Why is crypto crashing? A Q&A on bitcoin, luna and other falling cryptocurrencies

LA Times  

The cryptocurrency market is seeing one of its worst selloffs since a market rally in 2020, sparking panic among investors and raising questions about why crypto prices have been increasingly sensitive to gyrations in the stock market. Market experts say two main factors are driving the recent slump in the cryptocurrency market: moves by the U.S. Federal Reserve to combat …

Crypto is ultimately pointless – and the price collapse proves it
2 years, 10 months ago

Crypto is ultimately pointless – and the price collapse proves it

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The latest slump in the value …

Bitcoin and crypto crash: a guide for normies.
2 years, 10 months ago

Bitcoin and crypto crash: a guide for normies.

Slate  

As much as markets are going through it right now, cryptocurrencies are really going through it, and the myriad disasters haven’t abated just yet. * Nearly 40 percent of Bitcoin holders went underwater on their investments, as the value of a single coin has dropped below even last year’s post-crash July low. However, since some other stablecoins, like Tether, do …

Bitcoin price crashes to 2022 low amid crypto market collapse
2 years, 10 months ago

Bitcoin price crashes to 2022 low amid crypto market collapse

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price drop comes amid a broader crypto market collapse, which has seen nearly $300 billion wiped …

Cryptocurrency bubble risks exposed by Bitcoin's recent slide
3 years, 3 months ago

Cryptocurrency bubble risks exposed by Bitcoin's recent slide

ABC  

They seem to be almost everywhere. How central banks are about to eat crypto's lunch Reserve Bank of Australia governor Phil Lowe is about as far removed from the world of grunge crypto as you could get. For years a critic of crypto, the RBA, like many major central banks, has nevertheless been exploring ways of applying the blockchain technology …

Most cryptos will fail, but bitcoin could be here for good
3 years, 5 months ago

Most cryptos will fail, but bitcoin could be here for good

CNN  

New York CNN — Bitcoin is among the most polarizing investments in history. At a CNN Business’ Foreseeable Future live event Thursday, he encouraged investors to look past the often massive daily swings that bitcoin takes and look at the bigger picture. “Bubbles and manias happen around things that fundamentally change the way we think,” Novogratz told CNN’s Julia Chatterley …

Bitcoin plunges: A bust or a buy?
3 years, 10 months ago

Bitcoin plunges: A bust or a buy?

Live Mint  

Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether pared back their losses in early afternoon trading after two of their biggest backers — Tesla Inc. chief Elon Musk …

Twitter Floods With Memes as Bitcoin, Other Cryptos Plunge
3 years, 10 months ago

Twitter Floods With Memes as Bitcoin, Other Cryptos Plunge

The Quint  

#BitcoinCrash has been trending ever since China rolled out a regulation banning financial institutions from trading in cryptocurrency. Due to this, other currencies like Dogecoin, and Ehtereum also saw a plunge in their values. Elon Musk also reacted to this and tweeted 'Diamond Hands' emojis, a way to signify that he will be holding his cryptocurrency and not selling. While …

Crypto crash: After nearing record, Bitcoin plunges
4 years, 4 months ago

Crypto crash: After nearing record, Bitcoin plunges

Al Jazeera  

Bitcoin slumped as much as 8.7% while other digital coins like Ether posted double-digit percentage declines. Bitcoin slumped as much as 8.7%, the most since early August, while other digital coins like Ether posted double-digit percentage declines. I still believe we’ll see all-time highs before a larger drop/correction.” Even with the retreat, Bitcoin has more than doubled this year and …

Bitcoin's bumpy revolution may be only just beginning
5 years, 3 months ago

Bitcoin's bumpy revolution may be only just beginning

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Bitcoin’s first major price burst in 2013 was a small blip compared to …

Bitcoin is 10 years old. But it won’t go mainstream until it’s regulated
6 years, 2 months ago

Bitcoin is 10 years old. But it won’t go mainstream until it’s regulated

CNN  

New York CNN Business — Bitcoin, the world’s most famous cryptocurrency, just celebrated its tenth anniversary. Bitwise Asset Management filed last week with the SEC for an exchange-traded fund that would track bitcoin’s performance. “Bitcoin is a speculative asset that’s still in its infancy,” said John Ryding, an economist and adviser at Moeda, which uses blockchain technology to help small …

Five reasons Bitcoin could enter a more extreme death spiral
6 years, 2 months ago

Five reasons Bitcoin could enter a more extreme death spiral

Salon  

Back in December 2017, when its price reached close to US$20,000, Bitcoin looked like it had finally disrupted financial markets with the potential to enter the mainstream. And yet cryptocurrency enthusiasts seem to ignore the fact that Bitcoin could yet enter an even more extreme death spiral. These range from the rising cost of mining, regulatory concerns, market manipulation, speculative …

Bitcoin prices slump further. Now, down 80% from highs
6 years, 3 months ago

Bitcoin prices slump further. Now, down 80% from highs

Live Mint  

Bitcoin Leads Cryptos to Lowest Since 2017 as Sell-off Resumes Hong Kong: Cryptocurrencies continued their slide with a fresh bout of losses on Friday after the SEC dashed hopes that a Bitcoin exchange-traded fund would appear before the end of this year. Bitcoin, the largest cryptocurrency, slumped as much as 7.8%, taking it down past $3,400 to the lowest level …

Bitcoin, Ether, Ripple and other cryptos lose nearly $700 billion since January
6 years, 4 months ago

Bitcoin, Ether, Ripple and other cryptos lose nearly $700 billion since January

Live Mint  

Hong Kong: The great cryptocurrency crash of 2018 is heading for its worst week yet. Bitcoin sank toward $4,000 and most of its peers tumbled on Friday, extending the Bloomberg Galaxy Crypto Index’s weekly decline to 25 percent. After an epic rally last year that exceeded many of history’s most notorious bubbles, cryptocurrencies have become mired in a nearly $700 …

No end in sight for crypto sell-off as Bitcoin breaches $4,250
6 years, 4 months ago

No end in sight for crypto sell-off as Bitcoin breaches $4,250

Live Mint  

London/Madrid: Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as US regulators try to close in on alleged fraud. “If you significantly slice through a level like $6,000, people don’t have a lot of protection below it — and then you see a lot of …

Crypto’s 80% plunge is now worse than dot-com crash
6 years, 6 months ago

Crypto’s 80% plunge is now worse than dot-com crash

Live Mint  

Hong Kong: The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80%. Like their predecessors during the Internet stock boom almost two decades ago, cryptocurrency investors who bet big on …

Crypto’s 80% plunge is now worse than dot-com crash
6 years, 6 months ago

Crypto’s 80% plunge is now worse than dot-com crash

Live Mint  

Hong Kong: The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80%. Like their predecessors during the Internet stock boom almost two decades ago, cryptocurrency investors who bet big on …

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