The cryptocurrency market operator and financing company Genesis Trading is hit by serious liabilities in the “hundreds of millions.” The damages at Genesis are “only several hundred million dollars,” according to one of the persons, and these are related to connections to over-leveraged fund manager Three Arrows Capital and Hong Kong crypto financier Babel Finance....Read More
The cryptocurrency market operator and financing company Genesis Trading is hit by serious liabilities in the “hundreds of millions.” The damages at Genesis are “only several hundred million dollars,” according to one of the persons, and these are related to connections to over-leveraged fund manager Three Arrows Capital and Hong Kong crypto financier Babel Finance....Read More
The past year has seen Non Fungible Tokens, NFTs, grow from just a few mentions in the blockchain world to mainstream media. The concept of NFTs has brought about several changes and opportunities for the blockchain community. One of these is the artist industry. You might have heard cases whereby there are copyright issues or...Read More
The Singapore Regulatory Authority namely, Monetary Authority of Singapore (MAS) on Thursday has reprimanded Three Arrow Capital (3AC) for providing false information and exceeding assets under management threshold, in a press release. The reprimand relates to transgressions committed by 3AC before notifying MAS in April 2022. The MAS has been looking into these violations since...Read More
After a sharp rebound last week, Bitcoin and Ethereum again suffer significant bearish momentum as BTC and ETH prices dip to yearly lows at $19k and $1k, respectively. The bear market is in full effect for crypto and traditional markets. Tech stocks are having their worst year yet, with major stocks like Apple Inc (AAPL)...Read More
Recent reports indicate that the Ethereum 2.0 merger will be happening sometime this year, with many predicting an early merge in August. This comes even as the network struggles with low scalability and massive gas charges. Merge Coming in The Summer A few months ago, Tim Beiko, an Ethereum network developer, mentioned that the upcoming...Read More
Crypto exchange aggregator Unizen has today successfully acquired a $200 million capital commitment from Global Emerging Markets (GEM) in a bid to bolster innovation on the platform. The funding, which is set to be released in milestone-based stages will also be used to expand the team, improve current features, and market the exchange globally. According...Read More
Till today, 2022 has been an exceptionally difficult year for the financial market, with stocks, bonds, and virtual currencies all failing in the face of restrictive financial conditions. Inflation and restricting liquidity in the economy has put enormous strain on the excessively bought crypto industry. Almost all of the current suffering originates from overvalued funds,...Read More
Ryder Ripps and a number of his accomplices are the targets of a lawsuit brought by Yuga Labs, the company that created the Bored Ape Yacht Club Nonfungible Tokens (NFTs). Notably, Ryder Ripps, in a Twitter thread a few days ago, made claims that Bored Ape Yacht Club NFT collections have links with racism. The...Read More
An industry spread selloff in digital assets from significant exchanges and the fall of highly rated tokens like TerraUSD and Luna have triggered ripple effects across the crypto industry. The recent mass crypto liquidation wave has triggered fear of contagion risks. Major DeFi lenders Celsius Network and Babel Finance froze withdrawals, and Three Arrows Capital,...Read More
This week has been rather bullish for most digital assets as the market continues to show splendid recovery after hitting its bottom on June 18th. Bitcoin price is up over 3% today, trading at $21.2k, Ethereum price managed to close in at $1.2k, BNB is up over 12% this week, trading above $240, XRP saw...Read More
The price of Bitcoin continued to fall yesterday, dropping as much as 2.9 percent to $20,244. BTC is currently trading at $20,357.77, a slight improvement from yesterday. Notably, it is moving in tandem with the weakening stock market due to concerns about a global recession. Controversies on the Bitcoin Launch Timing Satoshi Nakamoto started working...Read More
Following FTX’s assistance to insolvent crypto lenders BlockFi and Voyager, there have been suggestions that Binance may also declare some bailouts. Binance has finally broken the silence and addressed the situation. The firm stated that it is not in the mindset to assist “poor” or failing cryptocurrency initiatives, which also include ‘ill-considered,’ ‘badly handled,’ or...Read More
Last year, 2021 brought a lot of meme coins into the limelight, with Dogecoin leading the way with a dramatic bullish run with its price up over 12,000 percent last year. Shiba Inu followed suit with a 2,405 percent price increase in three days to $0.000039 on May 10th and later went to $0.00008845 in...Read More
After yesterday’s bullish rebound where Bitcoin and Ethereum prices saw significant price growth, the momentum is currently dying, with BTC and ETH prices retracting a few percent. Bitcoin is struggling to hold the $20k support level while Ethereum is attempting to stay afloat above $1k. The recent bearish momentum is likely due to continuing investor...Read More
After experiencing a massive sell-off that saw the price of Bitcoin trade sub $17K, The King Cryptocurrency is now making recoveries into the $21k levels. Today’s live Bitcoin price is $21,497.40 with a 24-hour trading volume of $33,593,846,614 USD. Bitcoin is up 3.86% in the last 24 hours. The current market cap sits at $410,026,889,460....Read More
Bitcoin price is up over 4% today as the cryptocurrency continues to rally past the $21k mark, currently trading at $21,546. Major cryptocurrencies like Ethereum, Cardano, XRP, and Solana are also showing substantial price growth, with SOL gaining upwards of 10% in the past 24 hours. The bullish momentum this Tuesday comes amid the stock...Read More
There’s been an uproar and criticism against the Bored Ape Yacht Club NFT recently. BAYC is a collection of 10,000 Bored Ape NFTs, unique digital collectibles living on the Ethereum blockchain. Each Bored Ape is unique and programmatically generated from over 170 possible traits, including expression, headwear, clothing, and more. All apes are dope, but...Read More
It’s been eight days since Celsius Network Halted Swaps, Transfer, and Withdrawal, citing extreme market conditions. This came as the Crypto Market was experiencing a massive sell-off that saw Bitcoin hitting $17k low levels. Celsius had reportedly stopped users from withdrawing from the network, which caused some uproar in the community as many investors feared...Read More
The crypto world is no stranger to market manipulation. In fact, it’s something that happens on a regular basis. The most recent example is the story of BitConnect, which promised guaranteed returns of up to 40% per month. Of course, this was too good to be true and the platform eventually collapsed, taking billions of dollars worth of investor money with it....Read More
Several projects have shown substantial growth in the past 24 hours, with cryptocurrency markets recovering from this weekend’s selloff. Some Metaverse and NFT projects gained over 45% today, signaling plenty of momentum and traders waiting on the sidelines, ready to buy the dip. Today we look at the top two Metaverse crypto coins gaining the...Read More
Due to the high level of interest among developers, Lisk has decided to prolong its Grant Program for another round. Lisk is a big believer in fostering outstanding ideas and potential teams in order to accelerate blockchain adoption. As a result, the Lisk Grant Program’s expansion continues to provide startup teams with all of the...Read More
As recession fears pushed stock markets and cryptocurrencies to two-year lows last week, things are looking better this Juneteenth, as a federal holiday observes the end of slavery in the United States. Stock markets are closed today, which provides an extra day for cryptocurrencies to show bullish momentum and regain some of their prices. However,...Read More
The cryptocurrency market is witnessing a tremendous selloff, with most assets losing more than 40% of their value in less than 24 hours. Bitcoin’s price is currently challenging the 2017 all-time high range of $17,500 to $20,500 and is constantly shadowing lower prices, indicating that sellers are exerting excessive pressure. BTC hit a fresh 18-month...Read More
After a scary correction this Saturday, with the Bitcoin price dropping to a low of $17.9k, the BTC price is recovering again, currently trading at $19.4k. Ethereum also recovered after dipping to $900, currently trading at $1k, up over 5% in the past 24 hours. The market saw a significant recovery after yesterday’s dump, which...Read More
As per today’s Wall Street Journal article, struggling cryptocurrency hedge firm Three Arrows Capital (3AC) is focusing on negotiating a bailout arrangement. The failure of Terra, one of the largest blockchain projects, which entirely collapsed in early May, had a significant impact on the cryptocurrency industry. Three Arrows Capital, Kyle Davis, speaks about the firm’s...Read More
Cryptocurrencies, which had surged on June 15 after US Federal Reserve Chair Jerome Powell sounded a firm inflationary stance, gave up their gains yesterday amid renewed market concerns about increasing prices, global turmoil, and a potential recession. Meanwhile, in an attempt to ease fears about spreading risks from the alleged problems at crypto hedge fund...Read More
After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago...Read More
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical fall. USDD is a stablecoin that runs on TRON’s blockchain and has a similar algorithm to UST but is tethered to TRX....Read More
The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month after the Terra-Luna stablecoin network collapsed. Background Celsius Network is a blockchain-based lending platform accessible through a free mobile app. Celsius Network is a...Read More
