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0 CommentsWhy this downturn is different from 2018. Michael J. Casey, CoinDesk’s Chief Content Officer, shared his opinion in Money Reimagined, a weekly look at the technological, economic, and social events and trends that are redefining our relationship with money and transforming the global financial system. When token markets plunged in 2018 following the initial coin…
643 ViewsBitcoin lost as much as 8.7% Friday and dropped below $38,000 to its lowest level in 6 months. After the Federal Reserve signals its intention to withdraw stimulus from the market, riskier assets like cryptocurrencies have suffered. Since its peak in November, the largest digital asset has lost 40% of its value. Other cryptocurrencies have…
585 ViewsBitPay, one of the world’s most popular crypto payments processors, revealed that over 2021, Bitcoin’s use at merchants that use its payment services dropped to about 65%, down from 92% in 2020. Ether purchases accounted for 15% of the total, stablecoins were 13%, while Dogecoin, Shiba Inu, and Litecoin, added to BitPay in 2021, accounted…
1,349 ViewsAnalysts at JPMorgan led by Nikolaos Panigirtzoglou have suggested that Ethereum, the second-largest cryptocurrency by market cap, could see its dominance in the decentralized finance (DeFi) space fade to rivals. According to Bloomberg, the analysts revealed that until the final phase of sharding, which they described as the “most critical” development for scaling Ethereum,…
576 ViewsPrices of Bitcoin and other cryptocurrencies are continuing their slide over the last two days, along with the stock market, as market analysts expect that the US Federal Reserve will raise interest rates soon to fight inflation. Bitcoin has slumped over 17% since December 27. Bitcoin continues its slide Thursday after hawkish commentary from…
1,358 ViewsJames Ledbetter, the editor and publisher of the fintech newsletter FIN and the former editor-in-chief of Inc, collected the top 6 crypto predictions for 2022. 2021 was a wild year for cryptocurrency. Despite Bitcoin’s recent plunge, for example, its price has still risen by more than 70% in the past 52 weeks. More important, Bitcoin…
