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Ahead of the fourth-quarter earnings report tonight, shares are down another 13% as bitcoin falls back to $68,000.
Larger rival Sberbank beat Sovcombank to the punch, but it's still running as a pilot program.
Liu’s remarks come as cryptocurrencies plunge and other industry leaders are narrowing their own visions for blockchain utility.
Ether has dropped below $2,000, underperforming other major cryptocurrencies as selling accelerates from leveraged traders, onchain liquidations and long-term holders.
Beyond Bitcoin: How advisors use indices to broaden crypto exposure.
Bitfinex margin longs surge to a two-year high as bitcoin falls below $69k.
Sui (SUI) joined Ripple (XRP) as an underperformer, falling 9.5% since Wednesday.
"This drawdown feels horrible not because of the magnitude, but because it’s unfair," said longtime bitcoin maxi Samson Mow.
Crypto liquidations crossed $1 billion over the past 24 hours, wiping out about $980 million million in bullish leveraged bets
Anchorage Digital is the firm issuing Tether's USAT stablecoin, designed for the U.S. market.
The German lender pointed to institutional outflows, fading liquidity and stalled regulation as the real drivers behind bitcoin’s slump.
Bitcoin risks a deeper slide as miners and US spot ETFs cut BTC exposure, adding supply pressure during a fragile …
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