Tags : lose

Cryptocurrency

Traders lose $46.5 million on first day of SHIB futures

Shiba Inu (SHIB), the meme coin that was launched as a Dogecoin rival back in 2020, zoomed to the top-20 market cap yesterday after a TikTok- and social media-driven frenzy, data shows. Traders, however, lost millions of dollars punting on the currency’s futures. Millions gone SHIB “investors,” as recent as those in the past week, […]Read More

Cryptocurrency

Ethereum (ETH) breaks $4,000 as ‘shorts’ lose $77 million

Ethereum broke the $4,000 level this morning ahead of the upcoming Ethereum Improvement Proposal (EIP)-1559 in July, data from multiple sources shows. The world’s second-largest asset by market cap ($470 billion) and is arguably the most-used blockchain (it settles billions of dollars in transactions each day). ETH’s circulating supply is 115 million and it trades […]Read More

Market

This is how to make — and lose — a

The rise of nonfungible tokens, or NFTs, has been nothing short of astounding this year. Google searches for “NFT” are up over 600% since mid-February, hitting initial coin offering mania levels, and the top NFT platforms are turning over millions of dollars each day. In a single 24-hour period earlier in March, sport collectibles platform […]Read More

Regulation

Ireland Central Bank governor says Bitcoin investors are going to

Gabriel Makhlouf said investors are likely to lose their entire investment as Bitcoin and other cryptocurrencies go to zero. Bitcoin investors be wary A European Central Bank governing council member said in a conference over the weekend that cryptocurrency investors were likely to head towards zero, as per a report on Bloomberg. Gabriel Makhlouf, the […]Read More

Market

Original altcoins lose ground to DeFi newcomers

Data by crypto analytics firm Messari shows that many of the projects once favored by the market are still far from their all-time high. Matt Casto, an analyst at CMT Digital, tweeted a compilation of 410 crypto assets that hit their all-time high in 2017 or later, which showed an average loss of 65.71% for […]Read More

Market

First Mover: Cryptocurrency Euphoria Hits Breaking Point as Miners Lose

The recent euphoria in cryptocurrencies morphed into a severe sell-off, as bitcoin prices dove 12% on Monday, which would be the most for a single calendar day since March. Prices for the largest cryptocurrency had soared last week to an all-time high of $41,962, and that level was apparently sufficient to prompt some cryptocurrency miners to take […]Read More