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It’s not clear if Bitcoin and the rest of the crypto market have bottomed out at this point. While Bitcoin's price has risen above the $20,000 level that many analysts warned as a key price support, there are growing concerns that many key institutional players in the wider crypto ecosystem are illiquid and teetering on the edge of insolvency.
In the aftermath of crypto lender Celsius Network freezing withdrawals on its platform, as well as other firms either facing insolvency or liquidity concerns, two major crypto lenders have been offered credit lifelines to prevent meltdowns that might further spark crypto panics. Crypto lender Voyager Digital announced a deal with Alameda Research last week, a trading firm created by crypto billionaire Sam Bankman-Fried, that would provide credit "intended to be used to safeguard customer assets in light of current market volatility and only if such use is needed." On Tuesday, Crypto lender BlockFi chief executive Zac Prince revealed the company secured "a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength” with FTX—Bankman-Fried’s crypto exchange.
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Bitcoin and Ethereum have been in a battle for the top spot as the leading crypto in the digital market. Recent events have proven both digital assets to be resilient assets in the saturated market. Over 15 new whales have joined the market and back
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According to Bloomberg, the media firm plans to release an eye-opening documentary on Sam Bankman-Fried and the shocking downfall of his once-prominent exchange FTX. The film, “Ruin: Money, Ego and Deception at FTX,” is slated for an October 26 debu
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Robert Kiyosaki, best known for his book ‘Rich Dad Poor Dad,’ recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges. Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He’s also confident in Bitcoin’s ability to recover from market slumps, attributing potential price increases to the upcoming halving event. Despite his claim that green energy initiatives negatively
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One way to use cryptocurrency for your business is to simply accept it as a form of payment. Know the rest of the reasons why you need to consider crypto in businesses.
Cryptocurrency is a digital asset that utilizes cryptography for secure financial transactions and to verify the transfer of assets. In recent years, it has gained popularity as a means of exchange and has even been adopted by some businesses as a form of payment. If you’re a UK business owner, you may be wondering if accepting cryptocurrency is a viable option for your company.
In this blog post, we’ll go over 5 reasons why your UK business should consider accepting cryptocurrency. By the end, you’ll have a better understanding of the potential benefits and drawbacks of adding this innovative payment method to your business. Whether you’re a small start-up or a large corporation, you’ll want to consider the following points as you decide whether or not to embrace the world of cryptocurrency.
Cryptocurrency has come a long way since it was first introduced in 2009 with the launch of Bitcoin. What was once considered a fringe investment has now become a legitimate payment option for businesses around the world. In fact, many UK businesses are already accepting cryptocurrency as a form of payment, and for good reason. Here are 5 reasons why your UK business should consider adding cryptocurrency to your payment options: (read more)…
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