Crypto.com
Crypto.com Scraps $495M Champions League Sponsorship Deal: Report
Cryptocurrency exchange Crypto.com has backed out of a five-year sponsorship deal worth $495 million with the UEFA Champions League, European soccer's elite league, according to a report in SportBusiness. "The Hash" hosts discuss the latest fallout of the market downturn and the state of crypto advertising.
Crypto.com Wages Legal Battle After Accidentally Refunding User $10M Instead of $100
Exchange Crypto.com accidentally transferred an Australian woman $10 million instead of the $100 refund she requested last year, according to the Daily Mail. “The Hash” panel discusses the subsequent lawsuit and it means for future regulation.
Crypto.com Reportedly Reduces Workforce Since Initial Layoff Announcement; Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
Crypto exchange Crypto.com has laid off hundreds more employees since the initial layoffs in June, according to The Verge. Bitcoin mining rig maker Canaan said tougher market conditions will hurt its financial performance near-term after a difficult second quarter. Cowen analyst Stephen Glagola downgrades his rating on bitcoin miner Stronghold Digital.
Ether Overtakes Bitcoin in Options Market for First Time
Ether (ETH), the native token of Ethereum’s blockchain, has overtaken industry leader bitcoin (BTC) in the options market for the first time on record. Plus, activity in the ether spot market is also picking up. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Coin Metrics’ Blockchain Heat Map Shows When Bitcoin is Most Active
Bitcoin is the most active during European/U.S. business hours, according to Coin Metrics’ ATLAS blockchain heat map. The percentage of bitcoin activity in Asia/Pacific hours dropped around July 2021, which could be a result of China's mining ban. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin’s On-Chain Metrics Suggest Buying Opportunities Amid Dip Below $22K
Bitcoin’s net unrealized profit/loss chart is in the ‘capitulation’ zone, suggesting buying opportunities relative to historical price action despite its drop below $22,000. Plus, insights into bitcoin’s inflows and whales selling as “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitcoin Heads for Best Weekly Performance Since March
Bitcoin (BTC) is heading toward a 12% weekly gain, its best weekly performance since March. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin's Transaction Volume Slowing Down After June Dip Buys
New data from Santiment reveals bitcoin (BTC) transaction volume is beginning to normalize after a big month of buying and selling. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
