Month: June 2022

US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994 – Economics Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Crypto Market Is More Fearful Than On Black Thursday

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Following the Bitcoin and wider crypto crash, investors in the market are now more fearful than they were during Black Thursday in March 2020. Crypto Fear And Greed Index Now Has An Extreme Fear Value of “7” The “fear and greed index” is an indicator that tells us about the general market sentiment among crypto investors right now. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values of the index below fifty imply that investors are fearful at the moment, while…

[HOLD] Bitcoin is here to stay even as new innovations develop: Bybit founder

Cointelegraph’s editor-in-chief Kristina Cornèr interviewed Bybit founder Ben Zhou at the Formula 1 Grand Prix at Monaco, discussing topics like educating newcomers in crypto, the effects of the Terra (LUNA) debacle on institutional interest, and the survival of Bitcoin (BTC) amid new developments in the industry.  According to Zhou, the firm’s partnership with Red Bull Racing has allowed them to reach an audience that is new to crypto. Because of this, the Bybit founder noted that their team has been putting some focus on education. “Education is one part. We…

Bitcoin, Ethereum und Krypto Abend Update, Nach dem Breakout ist vor dem Breakout?

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Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads

“Confidence in cryptos remains depressed and some traders are worried that Tether could suffer a similar fate as Terra’s UST stablecoin,” Edward Moya, senior market analyst at Oanda, said. “Too many institutional crypto investors are down massively, and they are worried that if this part of the crypto ecosystem collapses, Tether will crash.” Source

Opensea Marketplace Announces New Security Features to Protect Users From NFT Scams

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OpenSea has announced a new feature that will automatically hide any suspicious NFT transfers from view on the marketplace to prevent scams. OpenSea, one of the most used NFT marketplaces, has recently been criticized for stolen and plagiarized NFTs. Due to the increase in the number of NFT scams and thefts, the popular NFT marketplace has announced the launch of a new feature which will hide suspicious NFT transactions from view on the marketplace. This new feature will help protect users from falling victim to scams while ensuring that only…

Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency – Bitcoin News

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According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources say that the 3AC “liquidation totaled at least $400 million” and the hedge fund’s founder Su Zhu tweeted about “communicating with relevant parties” Tuesday evening (ET). ‘Well-Placed Sources’ Say Three Arrows Capital Was Liquidated for at Least $400 Million, Hedge Fund Allegedly Maintains ‘Limited Contact With Its Counter-Parties’ The crypto hedge fund Three Arrows Capital Ltd. founded by Su Zhu…

Fed Announces Biggest Interest Rate Hike in 28 Years; Bitcoin Falls

“Overall economic activity appears to have picked up after edging down in the first quarter,” the Fed statement reads. “Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.” Source

MicroStrategy CEO: No One Has Ever Lost Money Investing in Bitcoin for Four Years

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Key takeaways: Michael Saylor has pointed out that anyone who has held onto Bitcoin for four years has never lost money. Mr. Saylor also explained that MicroStrategy had backtested its Bitcoin strategy against alternatives such as gold and the Nasdaq, and it performed 10x better. He also agreed that now could be the best time to buy Bitcoin if your time horizon is ten years. MicroStrategy’s CEO, Michael Saylor, has pointed out that anyone who has held Bitcoin for four years has never lost money. Mr. Saylor shared his Bitcoin…