CryptoCurrency / Crypto Monnaies

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[Ronald Ray]

Bitcoin fell as low as $17,628 under pressure from central bank rate rises.

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Crypto investors and executives are bracing themselves for further pain after the price of bitcoin tumbled over the weekend, worsening the credit crunch hitting the industry.

Bitcoin, the world’s most actively traded cryptocurrency, fell as low as $17,628 on Saturday before rebounding, according to data from CryptoCompare.

Investors and executives have been anxiously watching the token’s price, fearing a drop below $20,000 may prompt forced liquidations of large leveraged bets.

Bitcoin, which acts as the main benchmark for the broader cryptocurrency market, has come under acute pressure in recent months as central banks and governments shifted from a prolonged period of ultra-low interest rates to a fight against surging inflation.

“This is a dark winter ahead for crypto as the era of free money comes to an end with this weekend another brutal sell-off across the board.

Risk assets are all getting thrown out the window,” said Dan Ives, managing director and senior equity analyst at Wedbush Securities.

The hunt for returns has shifted as big central banks, led by the US Federal Reserve, boost borrowing costs and bring to an end the pandemic-era efforts to stimulate economic growth.

Traditional financial markets have been rattled this month as traders fretted that the aggressive action could snarl global growth or even trigger a recession.

Last week was the worst for global equities since the darkest days of the pandemic in March 2020.

Bitcoin has fallen about 70 percent from its all-time high of nearly $70,000 last November to just above $20,000 as of Sunday afternoon eastern time.

Ether, another actively traded token, dropped as low as $900 over the weekend, meaning its price has fallen by four-fifths since its peak late last year.

That has contributed to an escalating credit crunch in the digital asset industry that threatens to engulf many of its major actors.

In the last month, so-called stablecoin terra and its sister token luna — popular with crypto traders seeking ultra-high yields — collapsed, two lending platforms prevented depositors from withdrawing their assets, and crypto hedge fund Three Arrows failed to meet margin calls in the wake of lender demands.

The weekend’s sell-off prompted more than $600mn worth of leveraged positions to be liquidated, according to data from Coinglass, as traders who had borrowed money to take supercharged market bets failed to post more collateral and were wiped out.

Analysts expect these losses will put further pressure on traders' and lenders’ balance sheets because many users took out loans against their crypto asset holdings.

However, dogecoin, the “joke” cryptocurrency, rose after Elon Musk, chief executive of electric car maker Tesla, posted a tweet of his continued support for the token.

Nayib Bukele, the president of El Salvador and a bitcoin champion, told investors on Sunday to “stop looking at the graph and enjoy life”.

Bukele, who spearheaded El Salvador’s adoption of bitcoin as legal tender last year, has dismissed warnings from the IMF over the policy.

The troubles in the crypto market have rippled back into corners of the mainstream financial market.

US-listed MicroStrategy, a tech group that is a major investor in bitcoin, has tumbled almost 70 percent this year.

Shares in crypto miners, which earn fees for validating crypto transactions, have also dropped sharply.

Crypto exchanges — platforms that sit directly in the teeth of the unrelenting market crash — have been forced to reverse hiring plans.

The list includes Coinbase, Gemini, Mercado Bitcoin — a popular exchange in South America — and Celsius rival lender BlockFi, which cut 20 percent of staff this month.
Thanks for reading!

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Source :


https://m.fr.investing.com/news/cryptoc ... ns-2099894

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Source :

https://fr.investing.com/news/cryptocur ... on-2100725

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https://www.techrepublic.com/article/pe ... lockchain/

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débat ici , des pour est des contre comme d habitude https://www.elitetrader.com/et/threads/ ... in.368105/

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C’est bien ce que je dis depuis toujours. À savoir, que le bitcoin repose sur 1 seule chose supposée, que la blockchain est inviolable.

Sauf que ça ne peut être vrai qu’a un instant T.

Quand ça ne le sera plus, peu importe la raison, ça ne vaudra plus rien.

Que le pentagone est trouvée une faille ne m’étonne même pas.

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[Fisher Tow]

Finzer said affected workers would receive severance and health insurance until 2023 alongside an accelerated equity vesting.

Leading non-fungible token marketplace OpenSea CEO Devin Finzer has revealed that the crypto firm laid off about 20% of its staff on July 14.

According to the announcement, the company reduced its staff strength because of the “unprecedented combination of crypto winter and macroeconomic instability” that could last for a long time.

The announcement did not reveal the exact number of affected employees; however, the figure is expected to be in the hundreds. The company’s LinkedIn profile showed it has a workforce of 750 individuals.

Meanwhile, Finzer said he believes OpenSea would be going through this process only once because the firm has “built a strong balance sheet” through its raised funds.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

The changes we’re making today put us in a position to maintain multiple years of runway under various crypto winter scenarios and give us high confidence that we will only have to go through this process once.

Finzer added that affected workers would receive severance and health insurance until 2023 alongside an accelerated equity vesting.

Rival NFT marketplaces like LooksRare and NFT.com responded to Finzer’s tweets with revelations that they were hiring more hands.

OpenSea’s trading volume has dropped to new lows after starting the year strongly. According to data from DappRadar, the NFT marketplace recorded a transaction volume of $491 million in the last 30 days.

However, this reflects a broader decline in the space data from Cryptoslam.io shows that NFT sales volume has declined by around 50% in the last 30 days.
Thanks for reading!

[Fabien LABROUSSE]

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https://www.wsj.com/articles/market-rou ... egbqw9xcxy Eugene Erlikh avait environ 25 000 $ sur son compte chez Celsius Networks LLC en septembre dernier lorsqu'il a emprunté 4 000 $ dans un soi-disant prêt sur marge pour acheter du cardano, une crypto-monnaie.

Le prêt a mis le résident de Los Angeles, âgé de 32 ans, du mauvais côté de l'un des grands effondrements du monde de la crypto-monnaie . Le 12 juin, Celsius a annoncé aux utilisateurs qu'il suspendait les retraits et les transferts . Le 18 juin, Celsius a déclaré que M. Erlikh devrait transférer à la société la moitié d'un bitcoin - d'une valeur d'environ 10 000 dollars, soit plus du double du montant de son prêt - ou faire face à la liquidation de son compte.

En juillet, Celsius a déposé une demande de mise en faillite .

Les transactions étant toujours suspendues, M. Erlikh a déclaré qu'il ne pouvait pas clôturer le prêt ou déposer des garanties supplémentaires comme indiqué. Il a déclaré que ses appels et e-mails répétés à l'entreprise étaient restés sans réponse. Celsius n'a pas liquidé son compte, qui affiche maintenant un solde de 20 000 $, mais il ne peut pas non plus l'utiliser.

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"Pour moi, leur payer 10 000 $ pour récupérer ma garantie n'a aucun sens si je pouvais simplement rembourser le prêt lui-même", a déclaré M. Erlikh, qui co-anime un talk-show intitulé "Crypto Junkeez" sur l'investissement crypto.

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D’anciens responsables de #Coinbase ont été inculpés aux États-Unis pour fraude électronique et délit d’initié. https://www.lesaffaires.com/techno/inte ... ase/634718 …

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Quoi? Ces deux Charlie "Charlot" Chaplin, vendeurs de formations. A quelle heure c'est des traders, ces gens? Tu les mettrais devant un écran de trading qui se crasheraient comme des guignols... Que les gens sont crédules, c'est pas croyable hahahaahhaahahaa

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Au moins j aurais pris connaissance que grand Angle s 'est lancé dans la crypto.les " drama" ne servent-il pas a faire du buzz ?

[Fabien LABROUSSE]

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https://fr.investing.com/news/cryptocur ... na-2108407

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Près de 8 000 portefeuilles numériques ont été vidés d'un peu plus de 5,2 millions de dollars en jetons Solana et USD Coin (USDC), selon la société d'analyse blockchain Elliptic.

Le compte Twitter (NYSE:TWTR) Solana Status a confirmé l'attaque, notant qu'en date de mercredi matin, environ 7 767 portefeuilles ont été affectés par l'exploit. L'estimation d'Elliptic est légèrement plus élevée, avec 7 936 portefeuilles.

Dès mardi soir, de nombreux utilisateurs ont commencé à signaler que les actifs détenus dans des portefeuilles connectées à Internet avaient été vidés de leurs fonds.

Phantom, développeur de portefeuilles numériques, a déclaré qu'il enquêtait sur la "vulnérabilité signalée dans l'écosystème solana" et ne pense pas qu'il s'agisse d'un problème spécifique à Phantom.

La société d'audit de blockchain OtterSec a indiqué que le piratage avait touché plusieurs portefeuilles "sur une grande variété de plateformes". OtterSec a ajouté que les transactions étaient signées par les véritables propriétaires, "ce qui suggère une sorte de compromission de la clé privée."

Selon Tom Robinson d'Elliptic, la cause profonde de la violation n'est pas encore claire, mais "il semble qu'elle soit due à une faille dans certains logiciels de portefeuille, plutôt que dans la blockchain solana elle-même."

L'identité de l'attaquant est encore inconnue, tout comme la véritable cause de l'attaque.

"Ne réutilisez pas votre phrase d'amorçage sur un porte-monnaie matériel - créez une nouvelle phrase d'amorçage. Les portefeuilles drainés doivent être considérés comme compromis et abandonnés", conseille Solana

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Quelle pantalonnade cette histoire de crypto

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https://fr.beincrypto.com/marches/10083 ... nado-cash/

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Les autorités américaines sanctionnent Tornado Cash
Par Samuel Cange
8 Août 2022, 20:41 CEST
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EN BREF
Le département du trésor américain via l'OFAC a annoncé le déploiement des sanctions contre le mixeur d’Ethereum Tornado Cash.