Aviation leaders to gather for major trade event

Britain’s Farnborough International Airshow will showcase the most advanced aircraft across commercial and military aviation design. Bloomberg | Bloomberg | Getty Images LONDON — Britain’s Farnborough International Airshow will make its long-awaited return next week, with aerospace and defense industry leaders poised to gather against a backdrop of travel chaos and labor unrest. The five-day … Read more

Here’s what the market wants to see

Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images An improvement in macroeconomic factors, a particular trading pattern and a further shakeout of companies and projects could be the key ingredients required for bitcoin and the broader crypto market to bottom, industry players told CNBC. Bitcoin has plummeted more than 70% from its … Read more

Why the 2022 ‘crypto winter’ is unlike previous bear markets

There’s something about the latest crypto crash that makes it different from previous downturns. Arthur Widak | Nurphoto | Getty Images The two words on every crypto investor’s lips right now are undoubtedly “crypto winter.” Cryptocurrencies have suffered a brutal comedown this year, losing $2 trillion in value since the height of a massive rally … Read more

Embattled crypto lender Celsius files for bankruptcy protection

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Midheach | Sportsfile for Web Summit | Getty Images Crypto … Read more

Bitcoin Prices Are Plunging. Red-Hot Inflation Data Have Knocked Cryptos Lower.

Text size Crypto prices have collapsed in 2022. Dusan Zidar/Dreamstime Bitcoin and other cryptocurrencies dropped on Wednesday after investor sentiment soured following the release of key US inflation data. The price of Bitcoin is 4% over the past 24 hours to $19,200, having previously been edging higher, approaching the $20,000 level that it plunged though … Read more

The toughest challenges for cryptocurrency lies ahead

More than a third of millennials and half of Generation Z would be happy to receive 50% of their salary in cryptocurrencies, revealed a study. Srdjanpav | E+ | Getty Images With more than $1 trillion in cryptocurrency value wiped out since the 2021 high-water mark, many investors may be tempted to enter the cryptocurrency … Read more

How the fall of Three Arrows, or 3AC, dragged down crypto investors

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images As recently as March, Three Arrows Capital managed about $10 billion in assets, making … Read more

Crypto lender Celsius is a ‘fraud’ and ‘Ponzi scheme’, lawsuit claims

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Midheach | Sportsfile for Web Summit | Getty Images Crypto … Read more

Crypto exchange FTX has ‘a few billion’ to support industry, Bankman-Fried says

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City. Craig Barrit | Getty Images Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a “few billion” on … Read more

Tax writeoff possible for bitcoin lost to lending sites like Celsius

Crypto lending platforms like Celsius, anchorand Travel Digital rose to prominence for offering almost unbelievable returns of up to 20% annually on customer deposits. Now, much of that crypto cash is trapped, as plunging token prices force platforms to temporarily suspend or limit withdrawals. In the wake of its own solvency crisisCelsius — which is … Read more