Author: Crypto Insider

Mike Novogratz, the CEO of the institutional crypto investment firm Galaxy Digital, said that the bottom might be near after the recent market turmoil. He is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s. “We’ve gone to a level that should be…

Gulf News has announced that it will be hosting Web3 DeCode, a two-day exhibition at the Grand Hyatt in Dubai, on June 25 and 26. To raise awareness of Web3 technology, its ascension in emerging markets like the UAE plus its impact on innovation, and life, as we know it, Gulf News is hosting Web3…

Due to the crypto market being down, Bored Apes, Moonbirds, and other top NFT collections are losing value, but NFT sales are rising as collectors appear to be taking advantage of lower prices. As the crypto market is down with a 14% drop in overall value over the last 24 hours, Bitcoin lost 16%, and…

Goldman Sachs has expanded its client-facing crypto offering with a derivatives product linked to Ether (ETH), according to Marex Financial statement. The investment bank restarted its crypto operations in 2021 as a flood of institutional money entered the market, the core of its offerings has centered around derivatives tied to cryptocurrencies like Bitcoin. Today, amid…

Bitcoin slumped to below $23,000, while the big crypto lender Celsius halted withdrawal. For the first time since early 2021, the overall crypto market capitalization fell below $1 trillion, amid traditional markets also came under severe pressure. On Monday, Bitcoin suffered its largest price drop in 2022 as signs emerged that the steep correction in…

As the crypto economy has dropped lower in value against the US dollar, sliding to $1.2 trillion, the value of decentralized finance (DeFi) protocols and smart contract tokens has suffered a significant decline. Statistics show that the total value locked (TVL) in DeFi has dropped 7.96% since May 18, to roughly $104 billion, and the…