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Showing posts with the label Crypto crash
Bitcoin surges to 49000, then collapses over 3% as the SEC approves a ETF backed Bitcoin 'asset'. Setting off a fee war between major funds, including BlackRock, as they begin to cut management fees (and staff) to attract buyers. Timed with market uncertainty, BTC could drop to 29,000
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Binance is under investigation by the Department of Justice for money laundering. In just under a month the Crypto exchange with its own coin loses $6 Billion in outflows. This could be the death spiral for Crypto as its web of collateral and tethering is a mess of unaccountable finances. All eyes on Binance and its CEO.
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The Crypto exchanges weaved together into Blockchain ecosystems and Tethered assets could be about to completely crash.
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