Cryptocurrency

Cryptocurrency
Bitcoin Plummet Triggers $1B in Margin Calls 
June 14, 2022

About $1 billion guaranteed by some 260,000 market investors was liquidated due to margin calls in the past 24 hours, according to data from CoinGlass, the Wall Street Journal reported on Tuesday (Jan. 14). Get the Full Story Complete the form to unlock this article...

Cryptocurrency
Russian Lawmakers Consider Bill to Ban Crypto Payments
June 13, 2022

The lower house of Russia’s parliament is considering legislation that would bar crypto platforms from hosting purchases with crypto assets, Bitcoin.com reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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Today in Crypto: TerraUSD Investors Sue Binance.US Over Losses; BlockFi to Lay Off 20% of...
June 13, 2022

An investor in the doomed Terra blockchain ecosystem filed a federal lawsuit seeking class action status and naming, among defendants, Binance.US, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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Software Company MicroStrategy’s Bitcoin Losses Almost $1B
June 13, 2022

MicroStrategy Inc.’s purchase of nearly 130,000 bitcoins at a cost of about $3.97 billion over the past two years is taking a toll on the software firm’s balance sheet as the value of bitcoin has plummeted, Bloomberg reports. Get the Full Story Complete the form...

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Latest Crypto Turmoil Could Signal the End of Sky-High DeFi Returns
June 13, 2022

With most major cryptocurrencies down 15% to 20% over the past 24 hours and the idea that bitcoin is a hedge against inflation on par with gold relegated to the dustbin of crypto hype history, it’s time to ask if the glory days of decentralized...

Cryptocurrency
Stablecoins’ Wobbly Dollar Pegs Add to Crypto Market Chaos
June 13, 2022

A pair of stablecoins broke the buck over the last 24 hours as inflation-fueled economic worries fueled a broader crypto market collapse that saw bitcoin fall below $24,000. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cryptocurrency
Bitcoin’s Potential as ‘Digital Gold’ Loses Luster as Price Plummets
June 13, 2022

As bitcoin collapsed over the weekend, dropping nearly 14% in just 24 hours to below $24,000 in the morning Monday (June 13), it’s impossible to say that it is doing anything but reacting to the stock market. Get the Full Story Complete the form to...

Cryptocurrency
Crypto Nosedives Following Celsius Collapse
June 13, 2022

Bitcoin has lost more than 10% of its value in the past 24 hours, dropping to its lowest level since December 2020 at less than $24,500 early Monday morning (June 13), part of a $150 million selloff of cryptocurrency that is also seeing investors walk...

Cryptocurrency
Crypto Cuts Losses Sparked by Inflation Data
June 12, 2022

Bitcoin and ether have pared losses after they fell on Sunday (June 12), as a bigger retreat was happening in reaction to the 40-year-record inflation, a Bloomberg report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...