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Crypto crash

Bitcoin, crypto, Crypto assets, Crypto crash, Cryptocurrencies, Markets, MI Exclusive

Bitcoin slides below $30,000 as fears mount over surging COVID-19 cases-and now trades 55% below its record high

STR/NurPhoto via Getty Images Bitcoin slid below $30,000 on Tuesday for the first time in about a month as rising fears of the fast-spreading Delta variant hit global stocks sharply on Monday.The cryptocurrency was last trading at $29,770 as of 3:25 am ET, down about 55% from its record high of $64,870 on April 14.Ether fell 7% to $1,761, cardano fell 9% to $1.07, XRP fell 9% to 53 cents, and dogecoin fell 7% to 16 cents.The broad sell-off led to a drop of $98 billion in the value of the entire cryptocurrency market, according to data from CoinMarketCap. "Bitcoin has not been immune to market volatility and is another casualty of the sell-off across financial markets. Investors edged away from crypto wallets after stocks plunged," said Susannah Streeter, senior investment ...
Bitcoin, crypto, Crypto assets, Crypto crash, Cryptocurrencies, Markets, MI Exclusive

Bitcoin slides below $30,000 as fears mount over surging COVID-19 cases — and now trades 55% below its record high

LoadingSomething is loading. Bitcoin slid below $30,000 on Tuesday for the first time in about a month as rising fears of the fast-spreading Delta variant hit global stocks sharply on Monday.The cryptocurrency was last trading at $29,770 as of 3:25 am ET, down about 55% from its record high of $64,870 on April 14.Ether fell 7% to $1,761, cardano fell 9% to $...
Crypto crash, Digital Wallet, Ether, Ethereum, Fireblocks, Markets, MI Exclusive, Stakehound

Crypto-custody firm Fireblocks is being sued by a company that says it was locked out of a wallet containing more than $70 million of ether

Jack Taylor/Getty Images Fireblocks is being sued by a company that claims it was locked out of a wallet containing more than $70 million of ether. StakeHound says Fireblocks did not back up the private keys to its digital wallet and funds were lost. Fireblocks has denied wrongdoing, claiming StakeHound didn't store the backup per Fireblock's guidelines. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Israeli crypto-custody firm Fireblocks is facing a lawsuit from a company that claims it was locked out of a wallet containing more than $70 million of ether, a report from Calcalist says.The company, StakeHound, claims that negligence by a Fireblocks employee led to the crypto assets being lost without any backup available. The Fireblocks employee allege...