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Day: July 14, 2022
Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike
U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise. Source
No, Mt. Gox Payouts Arenโt Going to Torpedo Bitcoin's Price
Mostly because honey badger donโt care. But also, logistics. Original
Celcius Market Cap Crashes 86% On Year-To-Date Basis As Company File For Bankruptcy
Investors in the failing cryptocurrency lending startup Celsius are still losing money weeks after the company filed for bankruptcy. Customer withdrawals had been frozen. Celcius Market Cap Crash 86% As the companyโs problems worsen, investors have stepped out to relate their experiences following the withdrawal freeze and the ensuing bankruptcy application. One user who placed their entire life money in Celsius lost everything. Uncertainty over when business as usual will return further complicates the situation for the affected investors. Even though Celsius voiced optimism about allowing withdrawals, the most recentโฆ
NYDIG to Provide the New York Yankees With Bitcoin Payroll Services โ Bitcoin News
On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will be the professional baseball teamโs โofficial bitcoin payroll platform.โ NYDIG Inks a Multi-Year Partnership Deal With the MLBโs New York Yankees According to the bitcoin firm NYDIGโs announcement on Thursday, the company has entered a multi-year partnership with the American baseball team the New York Yankees. NYDIG says that the dealโฆ
Participaciรณn de mercado de Coinbase cae a menos de 3%, segรบn Mizuho
Dolev estima que el volumen de trading promedio de Coinbase bajรณ a $1200 millones en julio, desde aproximadamente $7000 millones en noviembre de 2021. La participaciรณn de mercado de la compaรฑรญa en el volumen de trading global se redujo a solo 2,9% en julio, dijo Dolev, frente a un promedio de 5,3% en el primer trimestre de 2022 y un pico de entre 8% y 9% en noviembre de 2021. Source
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Celsius Acknowledges $1.2B Hole in Balance Sheet
The news comes after the ailing crypto lender filed for bankruptcy protection Wednesday. Source
OpenSea Lays Off Roughly 20% of Its Staff
CEO Devin Finzer blamed the move on an โunprecedented combination of crypto winter and broad macroeconomic instability.โ Source
UK financial watchdog exec hints at importance of international collaboration on crypto regulation
The chief executive of the United Kingdomโs Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework for cryptocurrencies. In a speech for the Peterson Institute for International Economics on Thursday, FCA chief executive Nikhil Rathi said the U.S. and the U.K. will โdeepen tiesโ on crypto regulation following discussions among regulators at the Financial Innovation Partnership on June 29. In addition, its government has coordinated with the U.S. and Singapore to launch an International Organizationโฆ