Most cryptocurrencies traded lower on Tuesday as rising bond yields continued to weigh on U.S. equities. As investors reduce their appetite for risk, the most speculative areas of global markets have been hit the hardest.For example, the Nasdaq 100 is down about 5% from its all-time high, compared with a 4% drawdown in the S&P 500 and a roughly 37% drawdown for BTC. … [Read more...] about Market Wrap: Cryptocurrencies Decline With Equities, Traders Remain Cautious
cautious
FTX’s Bankman-Fried remains cautious about nascent NFT space
In an interview with CNBC’s Street Signs Asia released Tuesday, Sam Bankman-Fried expressed optimistic caution surrounding the pace of nonfungible tokens' (NFT) growth over the last year, warning investors that they could become vulnerable to the volatile market dynamics if improperly educated in the space.The 29-year old crypto entrepreneur and founder of the trading company … [Read more...] about FTX’s Bankman-Fried remains cautious about nascent NFT space
Denmark’s largest bank cautious on crypto, but won’t interfere
Danske Bank, the largest bank in Denmark, laid out its official position on cryptocurrencies on June 17, when it published a four-point notice describing reasons to be careful when trading in digital assets.While the bank urged users to exercise caution, it stopped short of taking any practical stance against cryptocurrency. The bank stated that it won’t offer any … [Read more...] about Denmark’s largest bank cautious on crypto, but won’t interfere