A wave of panic selling swept through the cryptocurrency market on Monday, causing a massive downturn dubbed “Crypto Black Monday.” Major brokerage firms Fidelity and Vanguard faced service outages as investors grappled with uncertainty and sought to adjust their portfolios. Meanwhile, economists are raising concerns about a potential U.S. recession in the coming months.
The post Fidelity and Vanguard Grapple with Service Disruptions Amid Crypto Black Monday Chaos – Is Your Portfolio Safe? appeared first on Cryptonews. …
Category: Cryptocurrencies
Former President Trump Proposes Bitcoin for $35 Trillion U.S. Debt Crisis
Former President Donald Trump has suggested using Bitcoin or a “crypto check” to address the United States’ staggering $35 trillion national debt.
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Former Ripple Board Member Gene Sperling Joins Kamala Harris Campaign
Gene Sperling, a former Ripple board member and senior economic adviser to Presidents Clinton, Obama, and Biden, has reportedly joined Kamala Harris’ 2024 presidential campaign team.
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Bitcoin ETF Trading Volume Races Past $1.3B as Investors Scramble for Discounted BTC
On August 5, the trading volumes for Bitcoin exchange-traded funds (ETFs) surged past $1 billion.
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Nansen’s Weekly Report Examines Crypto Black Monday and Economic Concerns
Nansen’s latest report delves into the significant sell-off of crypto assets during Crypto Black Monday, exploring the factors driving the downturn and its broader market implications.
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South Korean Regulators Probe Altcoin AVAIL Bithumb Price Spike
South Korean regulators are investigating value fluctuations of the altcoin AVAIL last month “on suspicion of price manipulation.”
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Next Generation Partners with Decta to Launch Euro-Pegged Stablecoin EURT
Next Generation has partnered with Ireland’s electronic money institution Decta to spearhead the launch of a stablecoin pegged to the Euro.
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Digital Asset Products See $528M in Outflows Amid US Recession Fears: CoinShares
Digital asset investment products saw outflows amounting to $528 million last week, marking the first downturn in four weeks.
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Xapo Bank Becomes First to Offer Interest-Bearing USD and Bitcoin Account to UK Users
Xapo Bank has become the first licensed bank in the United Kingdom to offer a combined interest-bearing USD and Bitcoin (BTC) account.
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Dogecoin Falls 23% in 24 Hours: Analysts Predict More Pain in August-September
The price of Dogecoin has declined by 23% in the past 24 hours and by 3.5% in the past hour, as the cryptocurrency market suffers one of its worst days in years.
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