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The Latest Breaking News from Crypto

Someone Just Sent $93M In Bitcoin Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $93,917,465 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: bc1qsmp3rg7tdx749r8l3zvzetkmqdgdf056petlzq

Benzinga

Bitcoin Whale Moves 9,003 BTC Off Gemini

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $186,147,594 worth of Bitcoin off Gemini. The BTC address associated with this transaction has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS.

Benzinga

Why Shares Of Bitcoin Miner Marathon Digital Are Falling

Marathon Digital Holdings Inc (NASDAQ: MARA) shares are trading lower Wednesday after the company provided an update on its Bitcoin (CRYPTO: BTC) mining operations in Montana.

Benzinga

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Court Orders Liquidation of Crypto Hedge Fund 3AC Following Voyager Loan Default: Report

A court in the British Virgin Islands has ordered the liquidation of crypto hedge fund Three Arrows Capital (3AC), after the company suffered major losses in the recent market turmoil. According to a report by Sky News, partners from Teneo, a global CEO advisory firm, are handling the insolvency proceedings after a court order…

Benzinga

Cathie Wood Defends Coinbase Allocation: Crypto Revolution 'Will Not Be Stopped'

Ark Investment Management founder and CEO Cathie Wood explained why her company's flagship fund has maintained a strong allocation in cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN), in an interview with

Benzinga

Why Is Dogecoin Slumping Today?

Dogecoin (CRYPTO: DOGE) traded 8.35% lower at $0.065 over 24 hours leading up to the early hours of Wednesday. The meme cryptocurrency declined along with the global cryptocurrency market cap, which fell 3.75% to $902.3 billion at press time.

Benzinga

Some Crypto Exchanges Are 'Secretly Insolvent' And 'Too Far Gone,' FTX Chief Tells Forbes

Sam Bankman-Fried, founder and CEO of crypto exchange FTX, warns that some cryptocurrency exchanges may already be insolvent and that failures are imminent.

Benzinga

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Job cuts are rolling in. Here's who is feeling the most pain so far

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

WEKU

How Bitcoin Crash Could Hurt Kim Jong-Un's Weapons Tests

A plunge in the prices of cryptocurrencies has dwindled the value of digital coins stolen by North Korean hackers, potentially denting a key source of funding Kim Jong-Un would require to fund his ambitious weapons programs.

Benzinga

Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes.

Reuters

Back To Investing In The Future?

Benzinga

3AC defaults on loan worth $670m

Three Arrows Capital (3AC), a prominent crypto hedge fund, defaulted on a loan worth over US$670 million, prompting a steep fall in Bitcoin's price to below $21,000.

Bangkok Post

If You Invested $1,000 In Shiba Inu At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the last two years. But there is no question some big-name stocks performed better than others since the pandemic bottom — and cryptocurrencies as well.

Benzinga

Crypto Winter - Multiple Blow-ups Leading To A Much Bigger Problem...

During periods of rampant excess in financial markets, we move from valuations based on the present value of future cash flows to valuations based on stories. How compelling is your story? Is it one of future growth and revolutionized economic reform all powered by smart contracts? Sounds pretty neat.

Benzinga

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Benzinga

Morgan Stanley: Proof-of-Stake Won't Fix Ethereum's Problems, But There Is A Silver Lining

A transition to a fully proof-of-stake (PoS) consensus mechanism, dubbed "the merge" by cryptocurrency enthusiasts, won’t fix Ethereum’s (CRYPTO: ETH) issues, according to

The National (Scotland)

Scots warned of 'worrying' surge in cryptocurrency scams

SCOTS are being urged to remain vigilant amid a “worrying” spike in cryptocurrency scams.

Benzinga

$100 Invested In Robinhood Right Now Would Be Worth This Much If It Hits Same Level As At Height Of Dogecoin Mania

Robinhood Markets, Inc. (NASDAQ: HOOD) rallied strongly on Monday amid rumors that cryptocurrency exchange FTX could be eyeing acquiring the trading app.

Tribune News Service

Labor Department warning opens divide on crypto in 401(k) plans

WASHINGTON — Lawmakers and investor advocates are ringing alarms over the idea of allowing cryptocurrency into 401(k) and other retirement plans, especially after a turbulent month that saw some projects implode and other cryptocurrencies go into free fall.

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Benzinga

Dogecoin, Shiba Inu Among Several Tokens Cut From Crypto.com Rewards Program

Cryptocurrency exchange Crypto.com has removed Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and several other crypto tokens from its Crypto Earn rewards program.

Roll Call

Labor Department warning opens divide on crypto in 401(k) plans - Roll Call

The Labor Department's warning about cryptocurrencies in 401(k) plans has opened a debate about whether investors can opt for such risks.

The Independent UK

‘Worrying rise’ in crypto scams claiming to be celebrity-endorsed seen by bank

People are losing £11,872 on average to this type of scam, Santander UK said.

Benzinga

Bitcoin, Ethereum, Dogecoin Fall: Why Apex Crypto Is 'Trapped' In Tight Range For Now

Major coins remained rangebound around psychologically important levels Monday evening as the global cryptocurrency market cap retreated 0.85% to $934.25 billion at press time. See Also: How To Get Free NFTs

Benzinga

As Bitcoin, Ethereum Drop, How Much Leverage Still Exists In The Crypto Market?

Over the past month, a large amount of capital has been wiped out of the crypto sector. As prices have been plunging, there has been a severe liquidity crisis across major firms and investors in the space.

Benzinga

Commodity Or Security? SEC Chairman Gary Gensler Gives His Take On Bitcoin

Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), stated that Bitcoin (CRYPTO: BTC) stands as the only cryptocurrency he would deem a commodity, considering others to be a security.

Benzinga

Why Goldman Sachs Has Upgraded Robinhood, Downgraded Coinbase

As the 2022 crypto winter carries into the second half of the year, one major Wall Street firm has adjusted its coverage of popular crypto platforms Robinhood Markets Inc (NASDAQ: HOOD) and Coinbase Global Inc (NASDAQ:

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