Crypto Down News Today

The weekly round up of your top cryptocurrency news followed the horrendous events on FTX's downfall.

Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the crypto industry.

Ethereum fell to as low as $1,850. Ethereum`s one-day losses were the biggest since March last year. NEW YORK (Reuters) - Bitcoin and ethereum posted their largest one-day drop since March last year on Wednesday, with losses in the market capitalization for the entire cryptocurrency sector approaching $1 trillion. The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services. Bitcoin dropped to $30,066, the lowest since late January. It was...

Highlights China warned investors against speculative crypto trading in the latest Chinese attack on private digital coins. The statement also pointed out the risks of cryptocurrency trading, saying virtual currencies "are not supported by real value". The future of cryptocurrencies doesn’t look really good in India. All major and minor cryptocurrencies, including popular coins such as Bitcoin, Etherium and DogeCoin, nosedived in the past 24 hours. Most of the coins plunged by over 40% intr...