Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms

Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms

Argo Blockchain (ARBK), the only crypto miner listed on the London Stock Exchange (LSE), has declined by 45%, while Canadian crypto miners Hive Blockchain (HIVE) and Hut 8 Mining Corp (HUT) have slipped 52% and 59%, respectively. Toronto-listed crypto exchange Voyager Digital (VYGVF) is down 50% alongside a 45% slide in shares in MicroStrategy (MSTR), … Read more

Crypto Firm Eqonex Weighs Strategic Options, Replaces CEO

Crypto Firm Eqonex Weighs Strategic Options, Replaces CEO

(Bloomberg) — Eqonex Ltd., a digital-asset financial-services firm whose stock has plunged almost 90% this year, is weighing strategic options and has replaced its chief executive officer.CEO Richard Byworth has resigned and is being replaced by Chief Operating Officer Andrew Eldon on an interim basis, Eqonex said in a statement Monday. Eldon, who joined the … Read more

Crypto crash weighs on DeFi tokens already in downward spiral

Image: Akos Stiller/Bloomberg

This weekend’s crypto flash crash helped to bring into focus the recent cooling of decentralised finance, once one of the hottest corners of the digital asset world. While Bitcoin and other rival coins have mostly steadied or climbed from lows of about 20% seen Saturday, many DeFi tokens tumbled more and have since failed to … Read more