Latest Crypto Crash Wipes Out Billions of Dollars from Investors

The price of cryptocurrencies has crashed even further on Tuesday wiping off long (buy) positions worth over $10 billion. The price of bitcoin is currently about 50% off its all-time high of around $65,000 last April. Other smaller cryptocurrencies like …

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Crypto Trading Platform Binance Briefly Stopped Withdrawals of Bitcoin, Ethereum, and Dogecoin

Crypto trading platform Binance reported that it experienced errors with trading and briefly suspended withdrawals of Bitcoin, Ethereum, and Doge on May 10. “All withdrawals are temporarily suspended on #Binance. Rest assured our team is working on it. We apologize …

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Department of Finance Canada Raised Issues with Facebook’s Digital Currency

Documents from Canada’s Internal Finance suggest that lawmakers have issues with Facebook’s proposed digital currency system and question what effects it will have on the Canadian economy. Canadian press were able to obtain a note from an Internal Finance meeting …

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Archegos Liquidation Impacts Financial Markets, Stocks Tumbling

U.S. stock markets tumbled yesterday following news that Bill Hwang’s Archegos Capital Management was liquidating $30 billion in assets to cover a margin call that went south. The large sell-off was triggered by Archegos’ positions in something called a contract-for-difference, …

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