Business

‘Worst quarter ever’ for stocks — 5 things to know in Bitcoin this week

[ad_1] Bitcoin (BTC) starts a new week still battling for $20,000 support as the market takes in a week of severe losses.What felt all but impossible just weeks ago is now reality as $20,000 — the all-time high from 2017-2020 — returns to give investors a grim sense of deja vu.Bitcoin dipped as low as $17,600 over the weekend, and tensions are running high ahead of the June 20 Wall
BLOCKCHAIN

Solend invalidates Solana whale wallet takeover plan with second governance vote

[ad_1] Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives Solend Labs "emergency powers" to access a whale's wallet to avoid liquidation. On Sunday, the crypto lending platform launched a governance vote titled “SLND1 : Mitigate Risk From Whale.” This allows Solend to reduce the risk that the whale’s liquidation poses to the market by letting the lending platform access the
BLOCKCHAIN

How To Survive a Crypto Bear Market

[ad_1] Reading Time: 2 minutes Crypto bear markets are not fun places Vitriol and anger are prevalent before boredom sets in There are certain things you should and shouldn’t do in a crypto bear market in order to survive Crypto bear markets are not fun places, especially for the first timer or the casual market acquaintance. The devil makes work for idle thumbs, and by not being disciplined you can
Business

Marathon Digital keeps on mining despite BTC price slump

[ad_1] Despite 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. Charlie Schumacher, VP of Corporate Communications at Marathon Digital told Cointelegraph on June 15 that while the company “isn’t immune to the macro environment,” it is “fairly well insulated and well-positioned” to weather the current
Business

Christie’s NFT expert to lead CryptoPunks, fake heiress launches NFT collection

[ad_1] Noah Davis, the non-fungible token (NFT) specialist at auction house Christie’s, has said he’s leaving the position in July to take up a post as brand lead for the CryptoPunks NFT collection with Yuga Labs.Announcing the move on June 19 in a Twitter thread, Davis looked to quash any anxieties holders had regarding the future of one of the oldest NFT projects, saying he “will not f*ck with the
BLOCKCHAIN

SBF and Alameda step in to prevent crypto collapse contagion

[ad_1] Sam Bankman-Fried’s (SBF) Alameda Research is “stepping in” to prevent further contagion across the crypto sector during the current bear market. Numerous crypto companies are facing liquidity issues (of varying severity) as a result of the strong market downturn throughout 2022. Major firms such as Celsius and Three Arrows Capital (3AC) are both reportedly on the brink of insolvency, and could potentially bring others down with them if they