coins

This Week in Coins: Bitcoin, Ethereum Sink on Freaky Fed Friday - Decrypt

This Week in Coins: Bitcoin, Ethereum Sink on Freaky Fed Friday – Decrypt

This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market was having an uneventful week amid these late-summer doldrums—until Friday, when the world’s leading cryptocurrency dropped 4% in the space of 24 hours. The price plummet was triggered by Federal Reserve Chair Jay Powell’s remarks in Jackson Hole that the Fed will …

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This Week in Coins: Bitcoin and Ethereum Drop By Double Digits - Decrypt

This Week in Coins: Bitcoin and Ethereum Drop By Double Digits – Decrypt

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was a very red week for crypto, with most leading cryptocurrencies depreciating  over the seven days as heavyweights like Bitcoin and Ethereum posted double-digit percentage losses by the weekend.  Bitcoin is currently down 13% and sells for $21,309, according to data from CoinMarketCap. Ethereum, …

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This Week in Coins: Bitcoin and Ethereum Crash More Than 30% as Recession Fears Loom - Decrypt

This Week in Coins: Bitcoin and Ethereum Erase Gains, 3AC Files for Bankruptcy – Decrypt

This week in coins. Illustration by Mitchell Preffer for Decrypt Bitcoin’s and Ethereum’s 30% gains last week were short-lived, as both market leaders depreciated more than 10% over the last week, with Bitcoin falling below the key $20,000 support level. The world’s favorite cryptocurrency, as of this writing, was trading for just $19,203, and leading …

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This Week in Coins: Bitcoin and Ethereum Crash More Than 30% as Recession Fears Loom - Decrypt

This Week in Coins: Bitcoin and Ethereum Crash More Than 30% as Recession Fears Loom – Decrypt

This week in coins. Illustration by Mitchell Preffer for Decrypt. This week’s crypto crash is an ongoing spectacle, with the total market capitalization of all blockchain assets shrinking to about $844.5 billion, a level unseen since the very start of 2021. Bitcoin plunged well below $20,000, and as of this writing was trading at $19,095—the …

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BlockFi and Crypto.com lay off hundreds of staff as coins slump

BlockFi and Crypto.com lay off hundreds of staff as coins slump

BlockFi, a platform for trading and lending cryptocurrency, announced via a blog post on Monday that it’s laying off 20 percent of its 850 employees — around 170 to 200 people. CEO Zac Prince said in a Twitter thread that the layoffs can be traced to a “dramatic shift in macroeconomic conditions” and BlockFi’s push …

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