crypto crash

Celsius Network hires advisors to prepare for potential bankruptcy, says WSJ report

Celsius Network hires counselors to prepare for possible collapse, reports WSJ

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Celsius’ decisions after freezing transfers and withdrawals could affect the crypto industry as a whole Celsius Network LLC has hired advisors from consultant firm Alvarez & Marsal to advise on non-payment, the Wall Street Journal reported on Friday, citing people familiar with the matter. New Jersey-based cryptocurrency lending company suspended withdrawals and transfers earlier this …

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Bitcoin electricity consumption drops by 43 per cent following crypto crash

Bitcoin power consumption decreased by 43 percent following the crypto crash

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The cryptocurrency market dropped by more than 50 percent and took hundreds of millions of dollars for crypto traders and investors. However, the whole event has a silver line and the recent crypto crash has had a huge impact on the use of Bitcoin power. According to Digiconomst, a platform that tracks the use of …

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Crypto’s hot streak cools down as harsh ‘winter’ descends

Crypto’s hot streak is cooling off as the harsh ‘winter’ drops

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As prices fall, companies fall, and doubts grow, the hot rate producing bitcoin and other cryptocurrencies has become much colder. The hot history of producing wealth for Bitcoin and other cryptocurrencies has become very cold. As prices fall, companies fall, skepticism rises, wealth and jobs disappear overnight, and speculative speculation by investors is replaced by …

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