Bitcoin drops below $30k leaving investors worried

Published

2 years ago

July 20, 2021

Anthony Lucas, Jack Langdon

Nearly $100 billion has been wiped off the crypto market as bitcoin droped again

Bitcoin has dived below $30,000 for the first time since June 22nd, dragging other digital coins lower.

Around $98 billion was wiped off the entire cryptocurrency market in 24 hours according to CoinMarketCap data.

Bitcoin was down more than 6% while Ethereum fell nearly 9%.

BITCOIN DOWN 5.80% AT $29,728.9
— First Squawk (@FirstSquawk) July 20, 2021

Investors are again worried about Bitcoin’s latest slump

Bitcoin’s latest dive follows a volatile few months for cryptocurrency, and comes as many nations crackdown on digital coins.

This week Malaysian authorities seized 1,069 bitcoin mining rigs then laid them out in a parking lot at police headquarters and used a steamroller to crush them.

bitcoin price rises — bitcoin price drops to another low

You’d call it a crypto crackdown — literally

Malaysian authorities have seized 1,069 bitcoin mining rigs then laid them out in a parking lot at police headquarters and used a steamroller to crush them.

The Assistant Commissioner of Police the crackdown came after miners allegedly stole $2 million worth of electricity.

Police opted to crush the mining gear rather than sell it, in accordance with a court order.

Malaysian authorities have seized 1,069 bitcoin mining rigs

Ether co-founder ditches crypto

The co-founder of etherium has sensationally abandoned the cryptocurrency market.

Canadian entrepreneur Anthony DiIorio has revealed he is quitting crypto and plans to sell his Toronto-based blockchain company Decentral.

The 48-year-old plans to never set foot in the cryptocurrency world again. As you might expect, the announcement has sent the price of ethereum also plummeting.

The digital coin fell by 7.13 percent in the last 24 hours.

Ethereum is the second biggest cryptocurrency after bitcoin, with a market capitalisation of $275 billion.

Global markets slump

Yesterday saw heavy selling pressure in equity markets across the globe.

The Dow Jones fell 2.1% while London’s FTSE 100 dropped by 2.3%.

Why is the world’s largest crypto exchange battling U.S. regulators?

Published

4 months ago

June 15, 2023

ticker NEWS

U.S. regulators have filed charges against Binance, the world’s largest crypt exchange

Is the idea of a financial world that operates outside of the global banking system and eludes the reach of regulations a possibility or a pipe dream?

The Securities and Exchange Commission has filed 13 charges against the Bianace, world’s largest crypt exchange and its billionaire founder, Changpeng Zhao.

The SEC alleges that the crypto exchange worked to attract U.S. customers to its unregulated international exchange, commingled investor funds with their own and violated securities laws.

In addition, the SEC is also alleging that Binance and Zhao used market-making companies—that they controlled—to inflate trading prices and profit from of their customers.

Zhao has publicly dismissed the allegations.

Stefan Rust, the former CEO of Bitcoin.com joins us to discuss. #crypto #cryptocurrency #StefanRust #veronicadudo #Binance #ChangpengZhao

Crypto

Is the metaverse the future of social network?

Published

4 months ago

May 30, 2023

ticker NEWS

U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.

#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto

Crypto

Who will win the global metaverse race?

Published

4 months ago

May 30, 2023

ticker NEWS

China is looking to invest in the metaverse market as numerous cities rollout policy proposals.

Technology continues to change our lives forever.

As new advancements are released to the public—safety continues to be a major concern.

People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.

While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.

Analysts say it’s the next evolution in social connection and the successor to the mobile internet.

According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.

China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.

This comes after tense year of regulatory scrutiny on the countries tech sector.

The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.

The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.

So, is the metaverse taking the world by storm?

Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech