While the crypto market lost $200 billion in one day.
Volatility in cryptocurrency is not something new for crypto investors. In the past, government directives against currencies have caused major crashes. However, this time the threat doesn't come from a single government but the fears of a recession. Conventional investors who had been experimenting with crypto coins so far have now dropped them like hotcakes. Fears turned to reality last week when the U.S. Federal Reserve announced the tightening of its monetary policy.
. With uncertainty prevailing, investors have continued their sell-off of crypto coins, wiping off $200 billion of market share in just one day. The most visible impact of these sell-offs has been evident on the fortunes of crypto billionaires. Coinbase founder, Brian Armstrong, had a net worth of $13.7 billion last November, which reduced to $8 billion as Bitcoin lost some of its sheens. With the latest slump, the personal fortune stands at $2 billion.
Michael Novogratz, a vocal supporter of Terra USD, now has a personal fortune of $2.5 billion, unlike the $8.5 billion in November last year. The cryptocurrency he so passionately supported is now on the brink of collapse. Armstrong and Novogratz's losses are dwarfed by what Changpeng Zhao, the CEO of Binance, is going through. Zhao made a grand entry to the Bloomberg Billionaires Index in January this year with a personal fortune of $96 billion. As of Wednesday, this number had shrunken to $11.6 billion.
Tyler and Cameron Winklevoss, co-founders of crypto exchange Gemini, have sold 40 percent of their wealth since the beginning of this year, while Sam Bankman-Fried, the crypto billionaire, who wants toThese are some really tough times for crypto billionaires. Stay ahead with the latest science, technology and innovation news, for free:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
22 Easy-Breezy Spring Dresses For Under $100Spring has sprung! Get your hands on these cute (and affordable) pieces to wear all season long.
続きを読む »
East Bay retail centers are bought for more than $100 millionTwo East Bay retail centers at choice sites in Lafayette have been bought by an Ohio-based real estate investment firm in a deal that tops $100 million.
続きを読む »
Breakingviews - Stablecoin crash drags crypto ideals back to earthDo Kwon had one job. The self-titled “master of stablecoin” designed a popular digital token, TerraUSD, that was supposedly pegged to the dollar. On Wednesday its value slumped below 30 cents. The collapse brings highfalutin cryptocurrency ideals back to earth.
続きを読む »
MicroStrategy's bitcoin bet turns negative amid crypto crashBitcoin's price fall has led to unrealized losses for MicroStrategy. The public company is currently sitting on a paper loss of $330 million.
続きを読む »
Crypto crash: Blake Masters urges investors to 'buckle up' for 'exceptionally volatile' marketArizona Senate candidate Blake Masters weighs in on bitcoin and cryptocurrencies.
続きを読む »
Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia – Regulation Bitcoin NewsPresident Vladimir Putin amends his decree requiring Russians running for office to declare their property abroad to add crypto assets.
続きを読む »