Warning About Cryptocurrency Market Released by Prominent Research Firm

The letter did not reveal any Gemini plans to go after Silbert if he decides to ignore the highlighted matter. The best outcome of the whole situation would be a coordinated solution between both entities, which may include an involuntary petition for DCG filing for Chapter 11.

Companies tied to DCG were not doing well throughout 2022 considering the massive outflow of institutional funds from the industry. The lack of liquidity could become the reason behind yet another crash of the market, but the next time we will be at risk of reaching values most retail investors will not be ready to cope with.

At press time, the cryptocurrency market's capitalization is sitting at $800 billion, and Bitcoin is trading at around $16,803.

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Wyre said to shut down as CEO admits company 'scaling back'Wyre, a crypto payments company founded in 2013, has told employees that it is shutting down amid layoffs, Axios has learned. Shocking!
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