Business

Crypto lender Celsius pauses withdrawals, transfers citing 'extreme market conditions' – TechCrunch

Crypto lender Celsius pauses withdrawals, transfers citing ‘extreme market conditions’ – TechCrunch

Celsius Network, one of the biggest crypto lenders, told customers Sunday evening that it is pausing withdrawals, swap, and transfers between accounts in a move that has sparked discussions and prompted the price of the firm’s token to take a 60% tumble in the past one hour to as low as 19 cents. “We are …

Crypto lender Celsius pauses withdrawals, transfers citing ‘extreme market conditions’ – TechCrunch Read More »

Crypto lending platform Celsius pauses withdrawals amid 'extreme market conditions'

Crypto lending platform Celsius pauses withdrawals amid ‘extreme market conditions’

Crypto lending platform Celsius Networks LLC said Sunday it is pausing all withdrawals, swaps and transfers between accounts, “due to extreme market conditions.” “We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations,” the New Jersey-based company said in a statement. Celsius is one of …

Crypto lending platform Celsius pauses withdrawals amid ‘extreme market conditions’ Read More »

Cathie Wood's Ark Suffers Losses, Continues to Attract Investors

Cathie Wood’s Ark Suffers Losses, Continues to Attract Investors

Cathie Wood’s flagship ETF is down over 50% this year as investors rotate away from growth stocks. But her suite of funds has still pulled in $167 million of inflows in 2022. Investors aren’t abandoning Wood, even as her focus on disruptive tech leads to dismal returns. Loading Something is loading. After her flagship fund …

Cathie Wood’s Ark Suffers Losses, Continues to Attract Investors Read More »

Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns 'Don't Buy This Dip'

Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns ‘Don’t Buy This Dip’ – Bitcoin News

Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while ether will sink to $1K. Peter Schiff Shares …

Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns ‘Don’t Buy This Dip’ – Bitcoin News Read More »

Texas powers past energy record but the AC and lights stay on thanks to spare capacity

Texas powers past energy record but the AC and lights stay on thanks to spare capacity

Bank of America Securities head of US equity and quantitative strategy Savita Subramanian details which stocks are helped, or hurt, by inflation. With Texas being walloped by a merciless heatwave this weekend, the state’s energy provider said on Sunday it surpassed record demand. The Electric Reliability Council of Texas’s (ERCOT) supply and demand tracker showed …

Texas powers past energy record but the AC and lights stay on thanks to spare capacity Read More »

Jack Dorsey, Jay-Z's Bitcoin Academy to teach financial literacy to residents of Brooklyn housing project

Jack Dorsey, Jay-Z’s Bitcoin Academy to teach financial literacy to residents of Brooklyn housing project

Rapper, actor and BIG3 founder Ice Cube says the basketball league had to push back its initial NFT minting due to ‘the worst day in cryptocurrency history’ on Mother’s Day. Twitter co-founder and Block CEO Jack Dorsey and rapper Shawn “Jay-Z” Carter are teaming up to launch the Bitcoin Academy, an educational program designed to …

Jack Dorsey, Jay-Z’s Bitcoin Academy to teach financial literacy to residents of Brooklyn housing project Read More »

Lightyear Debuts With Features Other Electric Vehicles Don't Have

Lightyear Debuts With Features Other Electric Vehicles Don’t Have

Dozens of electric vehicle makers have marketed their plug-in EVs as clean and green emissions-free vehicles as opposed to automobiles with traditional internal combustion engines. Consumers are lining up to purchase Tesla (TSLA) – Get Tesla Inc. Report Vehicles that run from $46,990 for the basic Tesla Model 3 to about $135,990 for the luxury …

Lightyear Debuts With Features Other Electric Vehicles Don’t Have Read More »