Crypto news

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Out Now - CV VC Top 50 Report 2022 The CV Lab Switzerland is proud to announce the publication of our CV VC Top 50 Report 2022, published in collaboration with Bank Frick. It’s no secret that 2022 was a tough year for the global blockchain ecosystem. Our key data numerically illustrates how some consequences were felt in Crypto Valley. However, the data also highlights that Crypto Valley is steady, mature & balanced. Blockchain...

EOS price started a fresh decline from the $1.08 resistance zone against the US Dollar. The price is now trading below $1.0 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1.04 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.98 and $1.00 resistance levels. EOS price is struggling below $1.00 against the US Dollar, similar to...

Litecoin started a strong increase above $80 against the US Dollar. LTC price is now trading below $80 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $86.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains unless there is a clear move below $80. Litecoin price is correcting gains from $92 against the US Dollar, similar to bitcoin. LTC price could...

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Kevin O’Leary – a popular Canadian investor and host of the TV show Shark Tank – believes the unregulated cryptocurrency environment will cause the collapse of other companies. However, he remains a proponent of the industry, admitting that he invested 5% of his wealth in bitcoin. Future Trouble Seems Inevitable In a recent interview for Kitco News, O’Leary forecasted that the FTX demise will certainly not be the last such event in the cryptocurrency space. He claimed some of...

Barry Silbert’s crypto conglomerate, Digital Currency Group (DCG), revealed halting quarterly dividends until further notice. In an email to shareholders, as viewed by Bloomberg, the crypto investment firm said it is currently focused on “reducing operating expenses and preserving liquidity” in response to the current market environment. Troubles for DCG The FTX collapse exposed significant irregularities in Barry Silbert’s empire, with DCG at the receiving end of intense...

Genesis Global Capital is preparing to finally file for bankruptcy after FTX’s collapse blew a hole through the company’s financials, according to people familiar with the matter.  The bankruptcy may be filed as soon as this week. Per a report from Bloomberg on Wednesday, talks over the bankruptcy are still ongoing, and plans could change.  Shortly after FTX’s collapse, Genesis indicated that it may need to file for bankruptcy if it didn’t receive fresh funding. Its...

FTX’s former CEO, Sam Bankman-Fried, has reiterated claims that FTX US is solvent following FTX debtors’ latest statements to the contrary.  According to Bankman-Fried, the group failed to account for customers’ bank balances, which bring the US entity’s assets well above its liabilities to customers.  Clearing the Air on FTX US In a substack post on Wednesday, Bankman-Fried said that certain statements on Tuesday from Sullivan and Cromwell (S&C; one of the law firms...