Markets

Maren Altman – a crypto astrologist – is taking a lot of flak as of late for her past support of Celsius, a doomed digital currency lending network that ultimately entered bankruptcy proceedings last summer. Celsius Continues to Draw Angry Crowds Celsius has taken on a new form in recent days. What was once a highly respected and loved digital currency platform has practically become a curse for many traders, some of which plunked their life savings into the lending...

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INTERNET CITY, DUBAI, Nov.4, 2022 – LBank Exchange, a global digital asset trading platform, has listed LAPA Project (LAPA) on November 4, 2022. For all users of LBank Exchange, the LAPA/USDT trading pair is now officially available for trading. Utilizing the power of blockchain technology, LAPA Project (LAPA) changes the $1 trillion market for E-commerce through its borderless and fee-free marketplace that facilitates the sales and distribution of products and services...

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Coinbase CEO Brian Armstrong argued on Tuesday that his exchange isn’t vulnerable to the sort of fallout suffered by FTX this week.  He said the “event” surrounding FTX appears to stem from risky business practices that Coinbase does not engage in.  Coinbase’s Business Model Armstrong began by expressing sympathy for everyone involved in the FTX situation – particularly those customers who have potentially lost funds. Early on Tuesday, FTX appeared to have stopped processing...

Bitcoin mining giant Riot Blockchain posted a net loss of $36.6 million. The Colorado-based company generated a revenue of $46.3 million – down by 28% from the previously estimated $54.2 million. The rising energy costs have adversely affected many Bitcoin miners. However, Riot’s CEO believes that the company was able to leverage its long-term fixed-rate power contract to generate significant power credits and reduce its operating costs. Revenue Misses Average Estimates The...

Fears of a Terra-style debacle have seeped into the crypto market as the Binance-FTX drama continues. Binance CEO CZ made headlines by announcing plans to liquidate entire FTT holdings gradually to avoid any market impact. His crypto exchange had already exited from FTX equity last year. While CZ clarified that the move should not be taken as an attack on a competitor, this was enough to cause a slew of dumping in the market, and the FTT token shed over 20%. To minimize the...

Over $640 million in trades have been liquidated from crypto markets in the aftermath of FTX’s drama with Binance. Markets experienced a brief rally after Binance announced its intention to buy FTX, but have since retraced while FTX Token continues to dump. According to Coinglass, over $640 million in liquidations have taken place in the last 24 hours, with $182 million liquidated in the past hour alone.  The largest single liquidation took place on BitMEX on a Bitcoin / US...