Bookmarking Crypto Insights
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According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company. Colin Wu … Read more
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cannot seize the firm’s U.S. assets. 3AC Files for Bankruptcy — ‘Tremors’ From the Crypto Market … Read more
The Shiba Inu altcoin, created after Dogecoin, has seen a 35% recent rise in network activity. According to a cryptocurrency exchange aggregator, Shiba Inu is the least affected asset in the world by the current market crash. Unlike other cryptocurrencies, it was able to survive the crash and still trade in the green zone. Despite … Read more
Cryptocurrency markets continue to trade sideways this Saturday as the global crypto market capitalization remains above $868 billion while Bitcoin trades above $19k and Ethereum manages to stay above $1k. Major stocks rallied during the first day of the year’s second half, ahead of a long July 4th weekend, spelling some good news for global … Read more
The latest data from Cryptocompare shows that assets under management (AUM) of crypto investment products reached record lows during the month of June. The data also shows 21 Shares Short Bitcoin ETP as the only digital investment product that registered a positive 30-day return (30.8%) as of June 23. Three Arrows Capital Insolvency Factor The … Read more
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company was “temporarily suspending trading, deposits, withdrawals and loyalty rewards.” Another … Read more
On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC … Read more
After a bearish week, the global cryptocurrency market continues to trade sideways today, sending Bitcoin below the $20k level and Ethereum below $1.1k. Stocks are having one of their worst years, with Tech Stocks showing significant bearish momentum in 2022. The good news is that the selloff has subsided this Friday as BTC remains above … Read more
A new report issued by Mastercard, the payment processing giant, has found that most consumers in Latam have knowledge of what cryptocurrency is. The report states that more than half of the consumers in Latam have at least made a transaction involving cryptocurrency. Also, a third of the surveyed declared having used a stablecoin to … Read more
The recent plunge in the value of cryptocurrencies may have wiped out millions from North Korea’s fund comprised of stolen crypto assets. The diminishing value of cryptocurrencies is believed to be affecting Pyongyang’s ability to fund its weapons programs. Stolen Crypto Assets and North Korea’s Weapons Programs The recent crash of the crypto market may … Read more