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.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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!
Source: axios - 🏆 302. / 63 Read more »

STOCK MARKET NEWS: Markets higher, December PMI report, oil narrowly higher, gas, diesel spikeJOLTS, December unemployment reports give snapshot of economy. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. What aren't you reporting Fox?
Source: FoxBusiness - 🏆 458. / 53 Read more »