The survivors of the rout in crypto assets could become the technology companies of the future, the Bank of England’s deputy governor said.
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The CEOs of two of the country’s largest crypto exchanges believe the fundamental underpinnings of the industry are still strong, but asset prices may not rebound quickly.
Tether is releasing a crypto token tied to the value of the British pound as part of a push into new stablecoins.
Crypto lending may not be down and out, but it’s certainly on the ropes.
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The crypto industry was on edge on Monday morning on fears contagion from problems at major crypto players could unleash a major shakeout if not contained.
Bitcoin snapped a 12-day slide on Sunday after a record-breaking string of declines. Analysts cautioned the respite may be brief.
Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no sign of letting up.
Billionaire Bill Gates has dismissed cryptocurrency projects such as non-fungible tokens as shams “based on the greater-fool theory”.
Coinbase Global will cut about 1 100 jobs, or 18% of its workforce, the cryptocurrency exchange said on Tuesday.