cryptos

Crypto's latest meltdown leaves punters bruised and bewildered

Crypto’s latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who …

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Bitcoin whale Michael Saylor urges governments to step in and regulate crypto’s ‘parade of horribles’

Bitcoin whale Michael Saylor urges governments to step in and regulate crypto’s ‘parade of horribles’

The world’s largest public holder of Bitcoin called on regulators to finally tackle a laundry list of risky, immature crypto industry practices, or “parade of horribles”, that are unfairly weighing on the price of its asset. Microstrategy CEO Michael Saylor argues the over 19,000 cryptocurrencies and digital tokens in circulation must be viewed as “unregistered …

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What you need to know about staked ether, the token at the center of crypto's liquidity crisis

What you need to know about staked ether, the token at the center of crypto’s liquidity crisis

Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for …

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Coinbase’s layoffs show growing callous side of crypto’s plummet

Coinbase’s layoffs show growing callous side of crypto’s plummet

Let’s start with the premise that there’s never a perfect way to tell people they’re being “downsized,” a ridiculous euphemism for the dreaded corporate layoff. But there are better ways than what went down at Coinbase last week. Yes, you can break the bad news and make people feel like they’re more than just numbers …

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A $181M bet on ether is just one layer of crypto's brutal winter

A $181M bet on ether is just one layer of crypto’s brutal winter

This is how markets unwind, and, with blockchains, savvy users can all watch it live as it goes down. Over the last few days, crypto watchers have been captivated by two large wallets that appear to be linked, that contain $181 million in ether (ETH). They also have collateral in loans that are right on …

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