Celsius’ crisis exposes problems of low liquidity in bear markets
After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations.
Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases. The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect, allowing users to purchase more than 200 crypto assets directly from credit or debit cards.
Crypto Companies Slash Ad Spending By 90% Amid Market Jitters
Numerous crypto companies are slashing their marketing budgets, despite the need to regain customer confidence in the asset class, which has fallen in recent months. After spending millions on multiple ad campaigns and Super Bowl commercials, many businesses are now reducing their advertising dollars because of the continued market instability.
15 Terraform Staffers Banned From Leaving South Korea Amid Investigation
has reported that as prosecutors are investigating the recent massive collapse of Terra's LUNA and UST, 15 of its former and present employees are not allowed to leave South Korea, where the criminal probe is taking place.
BIS Says Crypto Warnings Have Materialized
The Bank for International Settlements (BIS) claims that numerous warnings about the pitfalls of cryptocurrency investing were not unfounded after the recent cryptocurrency crash.According to a recent report published by the International Monetary Fund (IMF), Bitcoin consumes a million times more energy than traditional credit cards
Major Crypto Exchanges Went Offline as Cloudflare Suffered Another Outage
today, web infrastructure platform Cloudflare suffered another major outage causing half of the Internet to collapse, crippling major communication platforms and crypto exchanges, including Discord and FTX.
Celsius Network Pauses AMAs and Twitter Spaces, Wants More Time to Find a Solution
A week after halting withdrawals, among all other services, the team behind Celsius has suspended some of its online engagement programs, including AMAs. At the same time, the project promised to be working with regulators to find a solution for the ongoing issues.
KuCoin Exchange Leverages New Brazilian Central Bank Policy And Takes The Lead
KuCoin – the world’s five-largest cryptocurrency exchange – has announced that it has officially become the first major crypto service provider to support deposits and withdrawals using the Brazilian Real (BRL). The introduction comes shortly after the new policy of the Central Bank of Brazil came into force.
Marathon Digital keeps on mining despite BTC price slump
data showing that the Bitcoin (BTC) price may have fallen to the point of being unprofitable for the average miner, Marathon Digital Holdings says it will continue working to accumulate the leading crypto asset.
Ethereum “Celebrates” Record-Breaking Single Liquidation of 71,834 ETH
on-chain and market tracker Dune Analytics suggests, Ethereum just set a record amid the massive sell-off on the cryptocurrency market. The bad thing is that it is not the record you would want to have in your trading or investing history.