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Crypto Collapse Pulls Celsius Network Down Into Bankruptcy

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Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a severe sell-off in cryptocurrencies this year.

The news is the latest high-profile crypto bankruptcy as crypto values collapse, making Celsius the latest victim of a $ 2 trillion meltdown that has crippled some of the sector’s most popular companies and left hundreds of thousands of individual investors losing significant amounts of money.

Suggested Reading | Bitcoin Will Reach ATH In Next 24 Months, Coinshares CSO Predicts  Read more...

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Crypto Lender Voyager Digital Goes Bankrupt After Three Arrows Collapse

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Crypto lender Voyager Digital is the latest domino to fall in the tumultuous market for digital assets.

Voyager Digital disclosed on Wednesday that it filed for bankruptcy on Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The bankruptcy petition comes a week after the company froze withdrawals, trading, and deposits as it sought further time to consider available options. Since the beginning of 2022, Voyager’s shares have lost over 98 percent of their value.

Suggested Reading | Jordan Belfort, The ‘Wolf Of Wall Street,’ Advises: Buy Bitcoin Today And Make Money  Read more...

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Deutsche Bank Collapse Could Crash Global Financial Markets

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German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global financial crisis.

Also Read: Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin  Read more...

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Stop Blaming Coinbase for That Bitcoin Price Collapse

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The rumor on the street is that Coinbase succumbing to technical difficulties led to a significant $ 1,400 drop in the price of Bitcoin across the entire global cryptocurrency market. If this is remotely true, that would mean too much of the crypto market relies on a single outlet. But can it be? Or did bears […]

The post Stop Blaming Coinbase for That Bitcoin Price Collapse appeared first on CCN Markets

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Is The Demise of Euro Inevitable? Analyst Says it Can Trigger a Devastating Collapse

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By CCN.com: As the eurozone economy slows down and the European Central Bank (ECB) run out of ways to fuel the market, market strategist Russell Napier has said the euro may be in trouble. Speaking to FT, the analyst firmly stated that the global monetary system is beginning to show serious vulnerabilities, noting that the

The post Is The Demise of Euro Inevitable? Analyst Says it Can Trigger a Devastating Collapse appeared first on CCN

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ShapeShift CEO: Crypto Collapse Is the Euphoria Stage of the Bears

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The cryptocurrency market took yet another major hit on Saturday when Bitcoin (BTC) dropped through the $ 4,000 psychological support level, plummeting as low as $ 3,600 in recent trading before settling around $ 3,780. While bearish bets and price targets are beginning to pile on, ShapeShift CEO Erik Voorhees believes that the current market action is indicative of […]
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Double-Bottom? ‘Substantial Funds’ Waiting for Crypto Collapse to Complete

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The cryptocurrency market has entered a full-fledged state of depression, leaving many long-time investors frustrated and many first-time investors downright furious. However, the worst is almost certainly over.

A hard fall

Many uneducated cryptocurrency investors lump the major market players — Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and possibly Bitcoin Cash (BCH) — into the same category, even though there are fundamental and core differences between these cryptocurrencies.

That group, according to Linda Butcher, co-founder of Rewards Blockchain LTD., is often believed to be on the verge of collapse.  Read more...

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