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Crypto prices continue to tank, lawsuit takes aim at Binance.US, and Celsius moves $320M worth of digital assets: Hodler's Digest, June 12-18

Binance bans certain LTC transactions, Three Arrows Capital faces margin call struggles and an Iowa regulatory body fines BlockFi. ....

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CNN CNN Newsroom With Pamela Brown June 4, 2024 23:39:00

Cnn.com. jon, we know you ve been covering cryptocurrency. walk us through what s behind the big drop. you can look at this specific job as stemming from the fall of a currency called luna and terra that happened last month, that was a so-called stable coin. as that currency collapsed, we ve seen how, far from being decentralized, the decentralized finance space is, we know that buzzword, it s actually extremely centralized, because as one project fails, other projects have become insolvent. we find out they ve been invested in that project. so right now we re seeing these kind of dominos falling in the crypto space. but then you could also step back and look at it from a different way, which is that when you look at the history of speculative bubbles, it can kind of be anything that causes them to fall, because people are really interested in these bubbles not because of the value that they re providing, but because of the money that seems to be generated from it, right? and so it c ....

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Frenzied hedge fund selling erupts right before Fed raises interest rates

Hedge funds tracked by Goldman Sachs Group Inc. offloaded U.S. equities for a seventh straight day Monday, June 13, as the equity rout worsened amid concerns that the Federal Reserve will need to [.] ....

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Eataly: 6 things to try at the new Bay Area food hall

Eataly Silicon Valley opened Thursday night to long, long lines. Luckily, there’s plenty of room inside and plenty to eat. ....

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Bitcoin for a house? CT experts say to proceed with caution

While it is possible to buy a home with cryptocurrency like Bitcoin or ethereum, experts in Connecticut say it is best to proceed with caution. ....

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