According to the American essayist and writer Nassim Taleb, the «crypto winter» has every chance of developing into a real ice age. Also, Moody's downgraded Coinbase's rating, which was caused by a rapid drop in revenue.
Nassim Taleb, the most prominent contemporary thinker according to The Times newspaper, spoke out about the protracted crisis in the world of crypto assets. He believes that this period may well last «an entire eternity». The economist wrote on his Twitter account that the phrase « crypto winter » itself does not quite correctly describe the actual situation and misleads traders. It is worth noting that Taleb is famous for his predictions of financial and social crises. At one time, he predicted the pandemic of 2020, and before that the financial crisis of 2008.
At the same time, the international rating agency Moody’s downgraded the corporate family rating (CFR) of Coinbase. Experts at the agency attribute this to the greatly reduced income of the exchange over the past few months and to the weakened potential for income growth (due to the decrease in the value of crypto assets).
The hacker broke into the Horizon blockchain bridge, which operates on the Harmony network, and appropriated $100 million worth of cryptocurrency. The attacker completed 11 transactions in 18 minutes, after which he began to transfer tokens to the Uniswap decentralized platform to exchange them for Ethereum.
Cryptocurrency exchange CoinFLEX unexpectedly announced a temporary suspension of cash withdrawals from the platform due to extreme market conditions and uncertainty related to the exchange's counterparty. The management of the company also said that this counterparty is not Three Arrows Capital or any other credit firm.
CNBC host Jim Cramer believes that bitcoin will still be able to recover most of the losses in the coming months, but no new records are clearly expected. Making such assumptions, Jim Cramer relies on the analytics of the famous trader and consultant Tom DeMark, who studied the charts of the first cryptocurrency and stated that the price of bitcoin is highly likely to recover.
