The Celsius Crypto Collapse Explained: How Much Did Users Lose?

Crypto Currency News

Crypto Currency News

@crypto

Today's News

Today's news features a variety of stories related to the world of cryptocurrency and the stock market. In particular, there are reports on the proposed measures by the Singapore central bank on crypto trading and stablecoins, as well as the challenges faced by Twitch, a popular livestreaming platform. Additionally, there are stories on the poor performance of ProShares' bitcoin futures fund and the Celsius crypto collapse.

Outline

  • The Monetary Authority of Singapore has proposed new regulations on crypto trading and stablecoins
  • Twitch is a livestreaming platform that is at a crossroads
  • Andreessen Horowitz is a venture capital firm that went all in on crypto at the worst possible time
  • US stocks are mixed, with the Nasdaq and S&P 500 snapping 3-day win streaks on weak tech earnings
  • ProShares' bitcoin futures fund burned through a record $1.2 billion of investors' money over its first year, a report says
  • A man known as the "crypto king" is nearly arrested twice after refusing to hand over a diamond-studded Rolex and Audi in a bankruptcy proceeding
  • Stock market news live updates: Tech titans lead stocks down after weak earnings
  • Gary Gensler is a former regulator who is being considered for a role in the Biden administration
  • Beth Pinsker is a journalist who writes about personal finance
  • The Celsius crypto collapse is explained: how much did users lose?
  • Google reports its slowest revenue growth in nearly 10 years
  • Lawmakers trip over privacy and security of digital dollar
  • A year ago, Matt Damon suggested investing in crypto; here's how much money you would have lost if you took his advice
  • Top cryptocurrencies Cardano, Solana and Polkadot are rising today
  • Ethereum Classic and Lido staked Ether are surging today
  • Silvergate Capital stock had a wacky Wednesday
  • Bitcoin, Ethereum, and Dogecoin are rising today
  • Alphabet's ad business slows to a trickle; is it time to sell?
  • Visa reports fourth quarter earnings
  • Alphabet reports third quarter earnings
  • US stocks trade mixed as hotly anticipated mega-cap tech earnings get off to a weak start
  • Elon Musk's idea of "free speech" will help ruin America, Twitter is already a graveyard, and Bitcoin represents a new hope for youthful investors
  • Crypto specific accounting is coming - what FASB announcements mean for investors
  • The Biden administration wants to make it easier to seize crypto without criminal charges
  • Will crypto brokers cash out the donation wallets intended for the Russian military?
  • Tornado Cash sanctions by US Treasury draw outrage and suits from crypto community
  • Regulators increase their power over crypto but with little to show for it
Singapore c.bank proposes measures on crypto trading, stablecoin

Singapore c.bank proposes measures on crypto trading, stablecoin

Singapore's central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm from the volatility of the industry.

Twitch was the big name in livestreaming – now it’s at a crossroads

Twitch was the big name in livestreaming – now it’s at a crossroads

After streamer complaints of a toxic community culture, slashes in earnings and an unsustainable work model, what next for the Amazon-owned site?<ul><li>Don’t get TechScape delivered to your inbox? Sign up here</li></ul>Twitch is having a rough time. The live…

Andreessen Horowitz Went All In on Crypto at the Worst Possible Time

Andreessen Horowitz Went All In on Crypto at the Worst Possible Time

As cryptocurrency prices soared last year, no investor bet more on the sector than Andreessen Horowitz. The timing wasn't good. From a report: The storied venture-capital firm had developed a reputation as Silicon Valley's greatest crypto bull, thanks largely…

US stocks close mixed as Nasdaq and S&P 500 snap 3-day win streaks on weak tech earnings

US stocks close mixed as Nasdaq and S&P 500 snap 3-day win streaks on weak tech earnings

The tech sector will be in motion again this week as Apple, Amazon and Intel report after the close on Thursday.

ProShares' bitcoin futures fund burned through a record $1.2 billion of investors' money over its 1st year, report says

ProShares' bitcoin futures fund burned through a record $1.2 billion of investors' money over its 1st year, report says

The first publicly-traded bitcoin futures fund has burned a record billion-dollar hole in investors' pockets during its debut year of trading, the FT reported.

'Crypto king' nearly arrested twice after refusing to hand over diamond-studded Rolex, Audi in bankruptcy proceeding

'Crypto king' nearly arrested twice after refusing to hand over diamond-studded Rolex, Audi in bankruptcy proceeding

<ol><li>'Crypto king' nearly arrested twice after refusing to hand over diamond-studded Rolex, Audi in bankruptcy proceeding  CTV News Toronto </li><li>'Crypto King' narrowly avoids arrest by handing over cellphones to bankruptcy proceeding  CBC.ca </li><li…

Stock market news live updates: Tech titans lead stocks down after weak earnings

Stock market news live updates: Tech titans lead stocks down after weak earnings

<ol><li>Stock market news live updates: Tech titans lead stocks down after weak earnings  Yahoo Canada Finance </li><li>Tech giants disappoint — and they're dragging the index down with them  Financial Post </li><li>Alphabet’s Quarterly Earnings No Longer a…

Can Gary Gensler solve every problem in American finance?

Can Gary Gensler solve every problem in American finance?

The lofty aims of the chairman of the Securities and Exchange Commission

Beth Pinsker: This easy, free iPhone hack could be the most important estate planning move you make

Beth Pinsker: This easy, free iPhone hack could be the most important estate planning move you make

Much of your financial life is on your smartphone. Designating a legacy contact makes it easier for heirs to close out your life.

The Celsius Crypto Collapse Explained: How Much Did Users Lose?

The Celsius Crypto Collapse Explained: How Much Did Users Lose?

When a crypto company goes down, it inevitably means big losses for users, who typically have little recourse.

Google Reports Slowest Revenue Growth In Nearly 10 Years via @sejournal, @MattGSouthern

Google Reports Slowest Revenue Growth In Nearly 10 Years via @sejournal, @MattGSouthern

Shares of Google-parent Alphabet are down sharply after the company's latest earnings report reveals the slowest quarter for revenue growth in almost a decade. The post Google Reports Slowest Revenue Growth In Nearly 10 Years appeared first on Search Engine …

Lawmakers trip over privacy and security of digital dollar...

Lawmakers trip over privacy and security of digital dollar...

House Democrats and Republicans agree the Fed needs legislation to issue a digital dollar, but differ on key elements of such a bill.

Here’s How Much Money You've Lost If You Took Matt Damon’s Crypto Advice One Year Ago

Here’s How Much Money You've Lost If You Took Matt Damon’s Crypto Advice One Year Ago

Damon’s “Fortune favors the brave!” ad premiered last October 28. The post Here’s How Much Money You’ve Lost If You Took Matt Damon’s Crypto Advice One Year Ago appeared first on The Intercept.

Why Top Cryptocurrencies Cardano, Solana and Polkadot Are Rising Today

Why Top Cryptocurrencies Cardano, Solana and Polkadot Are Rising Today

Those popular tokens are surging on what could be a short squeeze.

Why Are Ethereum Classic and Lido Staked Ether Surging Today?

Why Are Ethereum Classic and Lido Staked Ether Surging Today?

Is today's surge in these two high-profile cryptocurrencies sustainable?

Why Silvergate Capital Stock Had a Wacky Wednesday

Why Silvergate Capital Stock Had a Wacky Wednesday

The company continues to suffer from the fallout of a limp quarter, mitigated somewhat by a frothy market for cryptocurrencies.

Why Bitcoin, Ethereum, and Dogecoin Are Rising Today

Why Bitcoin, Ethereum, and Dogecoin Are Rising Today

Cryptocurrencies have enjoyed a nice week along with stocks.

Alphabet's Ad Business Slows to a Trickle. Time to Sell?

Alphabet's Ad Business Slows to a Trickle. Time to Sell?

The recession is coming for the search giant.

Visa (V) Q4 2022 Earnings Call Transcript

Visa (V) Q4 2022 Earnings Call Transcript

V earnings call for the period ending September 30, 2022.

Alphabet (A shares) (GOOGL) Q3 2022 Earnings Call Transcript

Alphabet (A shares) (GOOGL) Q3 2022 Earnings Call Transcript

GOOGL earnings call for the period ending September 30, 2022.

US stocks trade mixed as hotly anticipated mega-cap tech earnings get off to a weak start

US stocks trade mixed as hotly anticipated mega-cap tech earnings get off to a weak start

The wave of Big Tech earnings expected this week was off to a weak start. The Nasdaq opened lower to snap a streak of winning sessions.

Why Elon Musk’s Idea of “Free Speech” Will Help Ruin America

Why Elon Musk’s Idea of “Free Speech” Will Help Ruin America

After months of legal wrangling, Elon Musk’s bid to buy Twitter appears to finally be going through. Musk and the right see this as a great thing, because it will restore “free speech” to Twitter. Any suggestion that the sort of “free speech” they envision ca…

Twitter Is Already a Graveyard, Leaked Report Suggests

Twitter Is Already a Graveyard, Leaked Report Suggests

Despite boasting millions of "monetizable daily active users," a leaked internal report called "Where Did All the Tweeters Go?" paints a picture of a relative ghost town for posts.

Bitcoin Represents A New Hope For Youthful Investors; Here’s What The Demographics Show

Bitcoin Represents A New Hope For Youthful Investors; Here’s What The Demographics Show

Amid fear, restrictions, and uncertainty, why are people still adopting crypto? What does it mean for them such that they keep increasing interest and investment into it? This is what crypto represents.

Crypto Specific Accounting Is Coming – What FASB Announcements Mean For Investors

Crypto Specific Accounting Is Coming – What FASB Announcements Mean For Investors

Accounting standards look set to finally catch up to crypto innovation

Biden Administration Wants To Make It Easier To Seize Crypto Without Criminal Charges

Biden Administration Wants To Make It Easier To Seize Crypto Without Criminal Charges

No matter how the midterms shake out, Congress must reject the proposed crypto crackdown and rein in civil forfeiture.

Will Crypto Brokers Cashout The Donation Wallets Intended For The Russian Military?

Will Crypto Brokers Cashout The Donation Wallets Intended For The Russian Military?

A release of a months-long analysis of 3348 Russian-speaking Telegram channels resulted in finding 336 donation cryptocurrency wallets that continue to raise money for the Russian military and trace their flows to financial institutions. Will the institutions…

Tornado Cash Sanctions By U.S. Treasury Draw Outrage, Suits From Crypto Community

Tornado Cash Sanctions By U.S. Treasury Draw Outrage, Suits From Crypto Community

Government crackdown on mixers raises issues of national security versus individual rights.

Regulators Increase Their Power Over Crypto But With Little To Show For It

Regulators Increase Their Power Over Crypto But With Little To Show For It

Ripple is one of many users of XRP on a decentralized ledger, but the SEC sued Ripple by claiming every transaction involving XRP dating back to 2013 was an unregistered securities trade as part of an investment contract in Ripple.