Crypto Market Crash Affects Sports Sponsorships For Crypto Firms
The crypto market fall has made it harder for crypto firms to make fresh sponsorship arrangements with the sports teams they invested hundreds of millions of dollars in at the beginning of the year. The longer the crypto market remains negative, the fewer marketing arrangements with American sports teams are being pursued as crypto firms […]
Synthetix (SNX) Price Increases By 100%
The price increase has enabled Synthetix (SNX) to clear the deficit caused by the crypto crash, as its trading volume increases by 1200%. SNX, the native token of Synthetix Network, has been the day’s largest gainer. In the previous 24 hours, the price of the Synthetix token has increased by a stunning 100 percent. This […]
Bybit Plans To Cut Jobs Amid Crypto Crash – Report Reveals
According to reports on Monday, Bybit is the latest crypto exchange to consider layoffs amid a catastrophic crypto crisis. Bybit CEO Ben Zhou has informed his staff in an internal memo that the exchange was considering layoffs beginning this week. Colin Wu , a crypto writer, broke the news, citing various inside sources. Bybit is […]
USDD Drops To A New Low, Depeg Deepens
The market cap of USDD has significantly dropped in the last week but Tron DAO has bolster its reserve since the USDD depeg. The Tron ecosystem took a significant hit last week when the USDD stablecoin lost its $1 peg. Traders were concerned since USDD was created last month as a competitor to Terra’s UST, […]
Bitcoin Long-Term Holders Are Giving Up – Data Shows
The sharp fall in the price of Bitcoin (BTC) has reportedly initiated a major liquidation of the asset in the last three days. Bitcoin, the world’s largest cryptocurrency, had yet another carnage this weekend, with the BTC price falling below $18,000 for the first time. There have been significant liquidations, with long-term Bitcoin holders throwing […]