Crypto payments platform Wyre shutters citing bear market conditions
Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets. Go to Source Powered by WPeMatico
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Just 8% of Americans have a positive view of crypto: CNBC survey
CNBC’s All-America Economic Survey was conducted towards the end of November, just a few weeks after the collapse of crypto exchange FTX. Go to Source Powered by WPeMatico
Sharp Bitcoin price move expected as volatility hangs at record lows and sellers are ‘exhausted’
Bitcoin price has been range-bound for 126 days, but analysts say an explosive move is imminent. Go to Source Powered by WPeMatico
State Street: Institutional investors undeterred by crypto winter
A State Street exec says there is an institutional “belief that the asset class is here to stay” and to expect further product launches from traditional finance firms moving forward. Go to Source Powered by WPeMatico
German crypto bank Nuri with 500K users files for insolvency
Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.” Go to Source Powered by WPeMatico
Crypto bear market will provide ‘excellent’ M&A opportunities: White Rock CEO
“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long. Go to Source Powered by WPeMatico
Bloomberg analyst tips bullish BTC recovery in next six months
The price of BTC could be set for a bullish rebound this year, says Bloomberg’s senior commodity strategist Mike McGlon, as the market shows similar signs to the bottom of 2018. Go to Source Powered by WPeMatico
The bottom is in: CNBC’s Jim Cramer says crypto has “no real value”
Mad Money host Jim Cramer has changed his sentiment on crypto again, predicting the total market cap will tank below $1 trillion as “there’s no real value there.” Go to Source Powered by WPeMatico
Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode
Active addresses, entities, and transactions on the Bitcoin network are all moving sideways while the number of wallets holding at least some of the assets continues to reach new highs. Go to Source Powered by WPeMatico
June gloom takes on a new meaning in another 2022 down month
The addresses mainly run by active human traders have notched more than 147,000 addresses for the first time since November. Go to Source Powered by WPeMatico
