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Bitcoin tumbles after crypto lender Celsius blocks all redemptions (US.BCHN) (US.BITO)


The price of bitcoin fell as much as 10.3 per cent on Tuesday to an 18-month low of $20,823.56, according to Bloomberg data. The drop followed a sharp decline the previous day on signs of strain in the infrastructure&nbsp underpinning the digital asset market. Binance blamed a “stuck transaction” for its suspension. Sentiment towards these high-risk projects cooled sharply after the terra and luna tokens — which were the foundation of another popular yield platform — last month collapsed in a matter of days.&nbsp

The value of assets deposited on Celsius’s platform shrivelled to less than $12bn as of May 17 from more than $24bn in late December. Ether, which is considered a proxy for sentiment for digital asset projects that offer investors high yields, has dropped almost 30 per cent since Friday, leaving it down two-thirds in dollar terms this year to trade at $1,195.


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Peter Thiel calls Warren Buffett a ‘sociopathic grandpa from Omaha’ and bitcoin’s ‘enemy number one’ (US.BITO) (US.BCHN) (IT.BLOK)


At a bitcoin conference in Miami, venture investor Peter Thiel presented a slideshow that included criticisms of financial opinion leaders who he says are trying to stop the cryptocurrency. Thiel called Warren Buffett a “sociopathic grandpa from Omaha.” He also took aim at JPMorgan’s Jamie Dimon and BlackRock’s Larry Fink.


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BlackRock’s Fink says Russia-Ukraine war could accelerate use of cryptocurrencies (US.BCHN) (US.BITO)


BlackRock CEO Larry Fink said the war in Ukraine could accelerate the adoption of digital currencies by central banks in his annual letter to shareholders Thursday. Fink didn’t mention any specific cryptocurrencies but wrote about the potential of central bank digital currencies.&nbsp

British Finance Minister Rishi Sunak is expected to announce a new regulatory regime for crypto in the coming weeks, sources tell CNBC.


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crypto britain to reveal stablecoin regulation plans sources say 2022

Bitcoin drops below $40,000, almost wiping out gains from Biden’s crypto executive order (IT.BLOK) (US.BCHN) (US.BITO)


Bitcoin and other cryptocurrencies fell on Thursday as some of the initial excitement around U.S. President Joe Biden’s executive order on digital assets faded.Bitcoin was down more than 6% at $39,086 at 3:38 a.m. ET on Thursday, according to data from CoinDesk. Some high-profile cryptocurrency industry players praised the president’s executive order, while others called the move “defensive.”


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Trading in NFTs spiked 21,000% to more than $17 billion in 2021, report says (IT.BLOK) (US.BCHN) (US.BITO)


Sales of nonfungible tokens jumped to more than $17 billion in 2021, according to a new report from NFT data company Nonfungible.com. The study, developed with BNP Paribas-owned research firm L’Atelier, said trading in NFTs hit $17.6 billion last year, reflecting an eye-watering 21,000% surge from 2020′s total of $82 million.


trading in nfts spiked 21000percent to top 17 billion in 2021 report 2022

Bitcoin (US.BITO) (IT.BLOK) (US.BCHN) up 8% as Biden announces executive order on cryptocurrencies


Bitcoin and other cryptocurrencies were higher on Wednesday after President Joe Biden announced his highly-anticipated executive order on digital assets. Bitcoin was trading at $42,118.73, around 8% higher as of 6:30 a.m. ET, according to data from CoinDesk. Other cryptocurrencies including ether were also sharply higher. Biden’s executive order attempts to address the lack of a framework for the development of cryptocurrencies in the U.S., which critics say could leave the country’s industry behind the rest of the world.


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