The director of a multi-million dollar ad campaign for a bitcoin exchange has said he has “no idea how cryptocurrency works” after being questioned about the recent market crash.FTX’s Super Bowl commercial featured the comedian Larry David, who played different characters throughout history dismissing revolutionary technologies like the wheel and the light bulb.It was one…
On 9 May, after nearly 18 months of steadily holding its value against the US dollar, the so-called stablecoin TerraUSD (UST) became unpegged.The uncoupling triggered a response that would ultimately crash not only UST and the Terra (LUNA) cryptocurrency, but also contribute to bitcoin and the broader crypto space seeing a major downturn that it…
Bitcoin is down more than 50 per cent in May 2022 after its price peaked in November 2021 (Getty Images)Bitcoin has managed to bounce back after crashing to an 18-month price low over the weekend.The cryptocurrency is trading at around $30,000 at the start of the week, marking a 56 per cent drop from its…
Bitcoin is down more than 50 per cent in May 2022 after its price peaked in November 2021 (Getty Images)Bitcoin has managed to bounce back after crashing to an 18-month price low over the weekend.The cryptocurrency is trading at around $30,000 at the start of the week, marking a 56 per cent drop from its…
Eight months after becoming the first country in the world to adopt bitcoin as an official currency, El Salvador has invited 44 countries to discuss the “rollout and benefits” of the cryptocurrency.The Central American country will host representatives from Africa, Asia and Latin America on Monday, with financial inclusion and digital economy among the discussion…
Related: Is it Time to Buy the Dip? A dramatic meltdown in bitcoin and other cryptocurrency appears to have slowed, with investors left counting their losses after one of the most dramatic plunges in recent times.The whole market is still significantly down over the last week. Ethereum, for instance, has been particularly hard hit and…
Related: Is it Time to Buy the Dip? Bitcoin is teetering on the precipice of an abyss, according to some crypto market analysts, with its price hitting its lowest level since July 2021.The cryptocurrency has lost more than 50 per cent of its value over the last six months amid a market-wide downturn that has…
The price of ethereum has dropped dramatically amid a major crash in the cryptocurrency market.Ethereum, the second biggest digital coin, was hardest hit among the major cryptocurrencies. It has lost more than 20 per cent in the last 24 hours, with its price dropping below the $2,000 mark that is held as a milestone.But ethereum…
Coinbase has warned users that their cryptocurrency could be at risk if the exchange ever went bankrupt.The cryptocurrency exchange included a new disclosure to its customers in its first-quarter earnings report earlier this week."Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy,…
Related: Is it Time to Buy the Dip? Bitcoin is teetering on the precipice of an abyss, according to some crypto market analysts, with its price hitting its lowest level since July 2021.The cryptocurrency has lost more than 50 per cent of its value over the last six months amid a market-wide downturn that has…