Bitcoin, which has dropped nearly 70 percent of the highest record of $ 68,000 in November last year, has seen its worst days in recent months in the midst of economic destruction, leaving several crypto exchanges and trading platforms that end the operation, dismiss people, and freeze Fresh recruitment.
The price of Bitcoin and Ethereum further plummeted after members of the European Union Parliament approved the anti -money laundering rules for Crypto earlier this month.The latest Bloomberg ‘Mliv Pulse’ survey has revealed that the price of Bitcoin will return to $ 10,000.
Kevin O’Leary from Shark Tank also stated that the price of Bitcoin had not yet reached its lowest point.According to experts, the price of Bitcoin will reach $ 10,000 before recovering to the level of $ 30,000.
The Singapore government also plans to introduce additional difficult steps to protect consumers from the destruction of crypto, including restrictions on retail trade.
Members of the European Union Parliament (EU) this month endorsed new laws to track Crypto assets such as Bitcoin in the same way as traditional money transfers to prevent money laundering, terrorist financing, and other crimes.
According to reports, the blockchain project around the web3.0 lost more than $ 2 billion from hacking and exploitation in the first six months of this year.
The global cryptocurrency market lost at least $ 670 million in the April-June quarter (Q2), and 97 percent of the loss was caused by hacking and fraud, other reports.
Meanwhile, Cryptocurrency broker Top Voyager Digital has submitted bankruptcy in the US, after the Top Crypto Hedge Fund Three Arrows Capital (3AC) also proposed liquidation and then bankruptcy, where Voyager had made significant investment, which had not returned the company to return. .
The founders who went bankrupt 3AC had disappeared and officials were accused of liquidating the company were looking for their whereabouts.
Cryptocurrency Exchange Vauld has announced to suspend all withdrawals, trade and deposits on its platform immediately because of “financial challenges”.
Cryptocurrency exchange last month reduced the number of employees by about 30 percent in the midst of volatile market conditions.
Cryptocurrency Exchange based in Singapore Bybit has dismissed 2,000 employees while Crypto Global exchanges and companies including Coinbase, Gemini, Crypto.com and others announced to save their workforce.
The Cryptocurrency Celsius loan platform has dismissed 150 employees who are a quarter of their workforce.
