Articles for Crypto Winter

Coinbase swings to quarterly loss as crypto winter hits trading volumes
1 year, 10 months ago

Coinbase swings to quarterly loss as crypto winter hits trading volumes

Live Mint  

Coinbase Global Inc reported a loss for the fourth quarter on Tuesday, as trading volumes at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies. Trading volumes at the crypto exchange in the fourth quarter plunged to $145 billion, compared with $547 billion a year earlier. "As macroeconomic indicators like inflation remained …

Coinbase Trading Volumes Crypto Winter
DCG’s crypto exchange Luno to cut 35% jobs amid harsh crypto winter
1 year, 10 months ago

DCG’s crypto exchange Luno to cut 35% jobs amid harsh crypto winter

Live Mint  

Digital Currency Group-owned Luno said on Wednesday it would cut 35% of its total workforce, the latest in a slew of companies in the digital assets sector to reduce headcount to weather a slump in the cryptocurrency market. "2022 has been an incredibly tough year for the broader tech industry and in particular the crypto market," Luno said in a …

Crypto Winter Luno
Crypto Winter: Over 70,000 Bitcoin Millionaires Wiped Out In 2022
1 year, 11 months ago

Crypto Winter: Over 70,000 Bitcoin Millionaires Wiped Out In 2022

ABP News  

The crypto winter wiped over 70,000 Bitcoin millionaires in 2022, as the recent volatility experienced by top cryptocurrency resulted in millionaire holders suffering significant losses, a report showed on Tuesday. According to data by Finbold, the number of Bitcoin millionaire addresses stood at 28,007, representing a drop of about 71.73 per cent or 71,085 addresses from January 2 last year. …

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Crypto Winter, Tax Rules Cast Shadow on India Business; Can They Still be Called Safe?
2 years, 5 months ago

Crypto Winter, Tax Rules Cast Shadow on India Business; Can They Still be Called Safe?

News 18  

Indian investors had readily accepted cryptocurrency as a brilliant means to invest especially after the Bitcoin boom that happened a few years back. With its not-so-accepting approach to cryptocurrencies, the government during Budget 2022 inserted a new Section under the Income Tax Act, whereby income from virtual digital assets would be taxable at the rate of 30 per cent, while …

India Market Tax Cryptocurrency Trading Safe Investors
Crypto investors’ hot streak ends as harsh ‘winter’ descends
2 years, 6 months ago

Crypto investors’ hot streak ends as harsh ‘winter’ descends

Associated Press  

NEW YORK — The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies collapse and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ feverish speculation has been replaced by icy calculation, in what industry leaders are referring to as a “crypto winter.” It’s a dizzying turn of events for investments and …

Industry Bitcoin Investors Streak Ends Crypto Winter Crypto Investors
Crypto winter what is it when will it be over game of thrones advantages disadvantages investors advice
2 years, 6 months ago

Crypto winter what is it when will it be over game of thrones advantages disadvantages investors advice

ABP News  

In May, the ‘de-pegging’ of the TerraUSD stablecoin led to an unprecedented bloodbath in the overall crypto market. While there is no hard proof of how the term was coined, several publications, including Forbes, surmise that it may have come from the multiple Emmy-winning HBO series “Game of Thrones” and its now-iconic motto, “Winter is Coming.” While the show used …

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Bitcoin price 2021: Record-breaking run still far from peak but ‘90% crash and crypto winter’ will follow, expert warns
3 years, 8 months ago

Bitcoin price 2021: Record-breaking run still far from peak but ‘90% crash and crypto winter’ will follow, expert warns

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. Read our privacy policy The next major bitcoin price crash will wipe up to 90 per cent …

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