‘It is Most likely Gonna Be a Big Cry Fest’: Plunging Crypto Markets Forged a Shadow Over the Opening of the World’s Largest NFT Convention

The fourth annual NFT.NYC convention kicked off right now with 1,500 audio system placing their shiny new NFT collectibles up for show. The audio system are occurring stage at a time when crypto markets are crashing arduous — Bitcoin and Ether have each misplaced greater than 70 % of their worth since November. Media headlines … Read more

Crypto traders’ scorching streak ends as harsh ‘winter’ descends

NEW YORK (AP) – The wealth-generating scorching streak for bitcoin and different cryptocurrencies has turned brutally chilly. As costs plunge, firms collapse and skepticism soars, fortunes and jobs are disappearing in a single day, and traders’ feverish hypothesis has been changed by icy calculation, in what trade leaders are referring to as a “crypto winter.” … Read more

Why the $ 2 trillion crypto market crash will not kill the financial system

Francesco Carta Photographer | Second | Getty Pictures Carnage within the crypto market will not let up, as token costs plummet, corporations lay off workers in waves, and a number of the hottest names within the {industry} go stomach up. The chaos has spooked traders, erasing greater than $ 2 trillion in worth in a … Read more

Companies are getting ready for a crypto winter — this is what which means

Corporations are exhibiting considerations of a recession, and within the crypto house, many are getting ready for a crypto winter. Coinbase is shedding 18% of its workforce, or roughly 1,100 folks, in line with an electronic mail despatched to staff Tuesday morning. CEO Brian Armstrong mentioned the corporate grew “too rapidly” throughout a bull market … Read more