A popular analyst who accurately predicted the recent market downturn is setting new price targets for four major crypto assets. Pseudonymous crypto trader Capo, who back in March sounded the alarm that several top cryptos were likely to fall by 50%, now tells his 423,200 Twitter followers what’s next for Bitcoin (BTC), Ethereum (ETH), Cardano …
Monthly archives: July 2022
Alameda Ventures surrendered 4.5M shares in Voyager a week before it suspended trading
Alameda Research Ventures surrendered 4,500,000 shares to Voyager for cancellation on June 22, just eight days before Voyager announced it would suspend trading, deposits, and withdrawals on its platform. Further, Alameda entered into an agreement with Voyager on or around June 17 to acquire an additional 14,957,265. As of June 21, Alameda held “22,681,260 common …
Deribit is part of creditors that made 3AC liquidation calls
Three Arrows Capital (3AC) liquidation court filings show that Deribit was one of the creditors that pushed for the crypto hedge that made the liquidation move, Financial Times reported on July 1. Three Arrows Capital suffered heavy losses in the recent market downturn, which prompted insolvency calls. These heavy losses affected its ability to disburse …
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EU Makes Deal on MiCA Legislation to Regulate Crypto Markets
Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European officials agreed to adopt a set of anti-money laundering rules for cryptocurrency transactions. …
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Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy
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 …
NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume
Non-fungible token (NFT) sales have managed to stay consistent this week while the crypto economy saw more losses over the last seven days. The week prior, $152.9 million in NFT sales were recorded across 18 blockchains and during the past week, $154.3 million in sales were executed. While Ethereum saw the most NFT sales this …
Billionaire Chamath Palihapitiya Says Bitcoin Has To Be Regulated Like a Security – Here’s Why
Billionaire venture capitalist Chamath Palihapitiya says leading digital asset Bitcoin (BTC) should be regulated like a security. In a new interview on the All-In Podcast, Palihapitiya says regulatory agencies and lawmakers should treat the top crypto asset like a security even though it may not necessarily be one. “I tend to think at this point …
Ripple Secures Deal for XRP Ledger To Be Used in Land Registry System by Colombian Government
Payments platform Ripple is inking a new deal with the Colombian government to use the XRP Ledger (XRPL) in the nation’s land registry system. Crypto software development firm Peersyst Technology announced the launch of the first-ever government land registry on top of XRPL. “Thrilled to announce that after a year of development with GobDigitalCO [and] …
Jed McCaleb’s XRP bag is almost gone, Ethereum’s difficulty bomb delayed and FTX inks deal with BlockFi: Hodler’s Digest, June 26-July 2
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week After 8 years dumping billions of XRP, Jed McCaleb’s stack …
CFTC Unveils $1,700,000,000 Bitcoin Trading Scheme Allegations in Largest-Ever Charge Involving BTC
The Commodity Futures Trading Commission (CTFC) is charging a South African trading company using Bitcoin (BTC) as its base currency for allegedly running the largest-ever BTC trading scheme. According to a new statement by CTFC Commissioner Kristin Johnson, the regulatory agency is filing a civil enforcement action against Mirror Trading International Proprietary Limited and its …
Binance CEO Changpeng Zhao Makes 10-Year Prediction for Decentralized Finance (DeFi)
The chief executive of the world’s largest crypto exchange by trading volume predicts that decentralized finance (DeFi) and decentralized exchange platforms (DEXes) will outshine their centralized counterparts in the long term. In a new interview on the Bankless YouTube channel, Binance CEO Changpeng Zhao predicts that in 10 years, decentralized blockchain projects will tower above …
Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor
Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows. Data from sources including on-chain analytics firm Glassnode shows Bitcoin’s MVRV-Z Score is almost — but not quite — signaling a price reversal. MVRV-Z Score inches towards macro bottom Amid ongoing debate whether if, or …
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Why longevity matters to everyone: Living longer lives in the world of Web3
Expected to reach a market size of $128 billion by 2028, the longevity sector is no longer something that those outside the medical world can ignore. In the next few years, life-extending technologies and treatments for aging-related diseases will reach human trials. There is an exciting wave of development happening in research labs and technology …
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Circle’s CEO Quells USDC Fears, States the Company Is Financially Strong
Summary: Circle’s CEO has published a Twitter thread quelling fears and rumors that USDC is on the brink of collapse. He added that it is understandable why the crypto community would worry about USDC, given the recent collapse of several crypto projects. He reaffirms Circle is committed to being transparent with its reserves fully backed, …
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SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
FTX CEO Sam Bankman-Fried is reportedly turning his attention to the crypto-mining industries with the possibility of acquiring distressed mining firms, Bloomberg News reported. This is coming after FTX reached a deal with BlockFi to extend a $400 million credit facility and an option to acquire the company for $240 million. Stopping the contagion spread …