Taylor: Crypto winter comes in summer, along with centralization and a savior

  • 📰 ExpressNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

June has been the cruelest month for cryptocurrency investors. What comes next will be...

Voyager, the cryptocurrency lender behind the No. 10 car on the NASCAR circuit, has been slowed considerably by the recent declines in the crypto market.To borrow a line from Mark Twain, June was a peculiarly dangerous month to invest in cryptocurrency. The others have been July, January, September, April, November, May, March, December, August, February and October.

A chance for the “little guy” to win, rather than the “whales” favored in the 2008 bailouts of Wall StreetTerraUSD and cryptolenders In mid-June, cryptocurrency lender Celsius froze billions of dollars of cryptocurrency deposits, for up to 500,000 users, after what was likely the crypto equivalent of a “run on the bank” at Celsius.

Source: Digital Coin News (digitalcoinnews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 519. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Not the best week for crypto lending: Law Decoded, June 20-27Due to Celsius Network’s withdrawal suspension in mid-June, the flaws of the current crypto lending model are becoming a hot topic. The latest edition of Law Decoded looks at how the industry is responding.
Source: Cointelegraph - 🏆 562. / 51 Read more »

CEO named for market maker Citadel Securities' crypto trading ventureCitadel Securities' head of business development Jamil Nazarali is set to become CEO of the market maker's crypto venture. Citadel recently announced to move its headquarter from Chicago to Miami. Miami is in the center of cryto revolution. Maybe getting into the center of the revolution is the real reason for the move. 😎bitcoin
Source: TheBlock__ - 🏆 464. / 53 Read more »

How crypto is attracting some institutional investors — Huobi Global sales headHas the market downturn turned off institutional investors? Not according to James Hume of Huobi Global, who estimates that 20-30 firms with more than $1 billion could start trading within the year.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Cathie Wood Says Crypto Revolution Will Not Be StoppedArk Invest CEO Cathie Wood is convinced that cryptocurrency revolution will not be stopped
Source: Utoday_en - 🏆 295. / 63 Read more »

NY bitcoin mining ban ‘stifling’ crypto investments: CEOWhite Rock Management CEO Andy Long argues New York passing a ban on bitcoin mining opens the door to 'more and more regulation,' stifling market investments. Sure…that’s the problem 😂😂😂 Michael Stenger, Jan 6 Senate Sergeant at Arms: “Investigations should be considered as to funding and travel of what appears to be professional agitators. First amendment rights should be considered in conjunction with these investigations' He's dead. why u want to mine btc? no function. go with real use in real life. XRP
Source: FoxBusiness - 🏆 458. / 53 Read more »

Central Bank of Morocco to introduce Bitcoin and crypto regulation billMorocco is joining the list of countries aiming to formally control the crypto sector by reportedly working on a final... Continue reading
Source: CryptoPanicCom - 🏆 563. / 51 Read more »