The crypto industry has been in a spin in June, with a handful of companies freezing withdrawals or announcing layoffs to limit losses. Some even filed for bankruptcy, and experts are warning that the worst may still be ahead. Genesis, a crypto brokerage, recently announced that its CEO, Michael Moro, is stepping down and a 20% workforce cut. The company also disclosed losses tied to the collapse of Three Arrows Capital.
Some great sources for crypto news include Bitcoinist and U.Today, which offer daily news, price analysis, interviews, and unbiased reviews. CryptoSlate, another popular site for cryptocurrency news, is a hub for cryptocurrency enthusiasts, and provides daily market updates, expert interviews, and technical analysis. In addition, it provides access to more than 250k cryptocurrency-related blogs and more than 1500 niche categories.
Another source for cryptocurrency news is the ongoing investigation into the Silk Road and the exchanges. The FBI has filed lawsuits against a number of companies, including FTX, after it admitted to illegally obtaining 50,676 bitcoins from Silk Road in 2012. This is an example of the type of news that crypto currency news sites need to stay on top of.
The volatility of cryptocurrencies has drawn the interest of a new generation of investors. As a result, mainstream companies are now taking an interest in the space. CNBC has a dedicated Crypto World section, which features unique stories and high-profile interviews. These stories are constantly changing, so it’s vital to stay up-to-date with the latest developments.
Whether you are a first-time investor or a seasoned trader, you need to know what you’re getting into before investing. As with any investment, cryptocurrencies are volatile and unpredictable, and you should always consider your other financial priorities before investing in them. Moreover, crypto currency prices can be affected by a number of factors, from celebrity tweets to federal regulations.
Dogecoin has gained a substantial amount in value in the past week. This is due to hype surrounding a new project called dogechain. This blockchain promises to bridge the meme-coin onto a network and provide users with NFTs and other applications. However, many experts warn against investing in these kinds of projects.
Bitcoin was the first cryptocurrency to appear on the market, and is currently the most popular and widely traded cryptocurrency. It was developed by an anonymous individual, Satoshi Nakamoto, who remains an enigma. Another cryptocurrency, Ethereum, was launched in 2015 and has since developed into a highly-popular blockchain platform and currency. Its development has accelerated the development of new innovations.
