Coinbase continues to fall

While Coinbase is in bad shape, Goldman Sachs downgraded Coinbase stock. The American bank had advised the crypto exchange platform for its IPO in April 2021. Times are tough for Coinbase. On Monday, US bank Goldman Sachs downgraded Coinbase (COIN) stock from “neutral” to “sell” due to the fall in the cryptocurrency market and the … Read more

Dogecoin and Shiba Inu fell on Tuesday after Crypto.com announced that it would stop offering rewards on these two cryptos |

Crypto.com has removed Shiba Inu and Dogecoin along with 13 other tokens from its rewards program. In the Twitter announcement, Crypto.com also revealed the addition of FTM, ZIL, and NEAR tokens to its compensation package. Following this announcement, DOGE and SHIB are down 7% and 5% respectively. DOGE and SHIB suffer casualties Following the announcement, … Read more

a leading hedge fund in default

Three Arrows Capital (3AC), a Singapore-based hedge fund specializing in the cryptocurrency sector, defaulted on two lines of credit totaling $673 million. Its creditor, crypto-asset broker Voyager Digital, informed the market on June 27. 3AC failed to repay a $350 million installment in USDC, a stablecoin, and $323 million in bitcoins at current prices. loans … Read more

HTC launches the Desire 22 Pro, a smartphone optimized for the metaverse, cryptocurrencies and NFTs

The manufacturer HTC has just announced the Desire 22 Pro, the first smartphone designed for the metaverse. Developed as the perfect companion to the VIVE FLOW headset, the phone provides easy access to the digital world developed by HTC, the Viverse. This virtual universe offers to create personalized NFTs and avatars. https://cryptoast.fr/htc-desire-22-pro-smartphone-optimise-metaverse-cryptomoneys-nft/ HTC unveils its … Read more

Bank of England Governor Draws Parallels Between Recent Cryptocurrency Crashes, Early 2000s Dot-Com Bubble Bust |

Jon Cunliffe (Deputy Governor of the Bank of England) draws a parallel between the recent cryptocurrency crashes and the dotcom bubble crisis of the 2000s. For Jon Cunliffe is the Deputy Governor of the Bank of England, although the cryptocurrency market has fallen from a capitalization of $3 trillion last November to $954 billion today, … Read more

Bitcoin (BTC) Loses $10 Billion After SEC Chairman Intervention

Following the slowdown in the markets, critics of crypto assets are hounding against them. While investors suffer the pangs of the downturn, others find ways to profit from it. Indeed, bitcoin and other cryptocurrencies have experienced an unprecedented dark period. As the market slowly recovers, a statement from the chairman of the SEC turns everything … Read more