Voyager Digital’s share price drops up to 60 percent
Voyager Digital experienced losses of up to 60% during trading hours before ending at $0.5998, representing a 50.84% loss for the day. The share price of Voyager Digital has fallen by 60% after it announced its connection to Three Arrows Capital (3AC), and stocks in the cryptocurrency sector have also fallen. Voyager Digital fell as […]
China fears Bitcoin will eventually reach zero, BOE sees positive changes
News media organization in China cautions that the value of Bitcoin could decrease to zero. BOE anticipates a highly efficient future market. The South China Morning Post stated on Wednesday that the Chinese national news media outlet Economic Daily has published a warning regarding the most valuable cryptocurrency in order to further discourage residents from […]
BITI increased by 380% on day 2 after day 1 sluggish start
BITI, ProShares’ first short Bitcoin ETF, started slowly but quickly gained traction, increasing trading volume by 380 percent on day two. The ProShares Bitcoin Short Strategy Exchange-Traded Fund (BITI) only traded a meager 183,300 shares on June 21, less than 1% of the volume $BITO had at this time on Day One, according to ETF […]
BOE: Survivors of Crypto Crash Could Become technology giants
Deputy Governor of the BOE expects crypto technology and finance to continue with huge efficiencies with survivors becoming technology giants. Many experts have highlighted a number of parallels that can be noticed in today’s crypto market by looking back 20 years and reviewing the dot-com bubble. Jon Cunliffe, deputy governor of the Bank of England […]
US lawmaker makes proposal for US CBDC
US lawmaker, Jim Himes has advised Congress to look into the introduction of a US CBDC (digital money) for the United States. Jim Himes, a representative from Connecticut in the House, has put out a proposal that aims to open a discussion about the possibility of the US introducing a central bank digital currency or […]