Category Crypto

four assorted cryptocurrency coins

Bitcoin Surpasses $24k as Powell Sees US Inflation Slowing

Bitcoin price reached a new milestone this morning, surpassing $24,000 as investors responded to Federal Reserve Chairman Jerome Powell’s statement that inflation in the US is slowing down. This development could signal that the Fed is accelerating its rate hike.…

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Crypto Lending Firm Genesis Preparing to File for Bankruptcy

US cryptocurrency lending firm Genesis Global Capital is reportedly preparing to file for bankruptcy as early as this week. The company has suspended withdrawals since November 2022. The news was reported by blockchain and cryptocurrency news site, The Block, which…

narrow city canal on cold winter day

Hedge Funds Trading Cryptocurrency See Nearly 50% Loss in 2022

According to research firm BarclayHedge, hedge funds trading in cryptocurrency experienced a nearly 50% loss in 2022. This decline is a continuation of the ripple effects caused by the collapse of cryptocurrency exchange FTX, which filed for bankruptcy in November.…

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