3AC is said to have been forced into liquidation in the British Virgin Islands by a court order after creditors sued the fund for its failure to meet its commitments during a global market decline. Buy the Dip via eToro Platform Now Your capital is at risk. Difficult Times Ahead for Three Arrows Capital 3AC, …
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This year, crypto prices have been consistently touching new bottoms, and it’s not just the prices that are killing any optimism present around crypto. The recent LUNA crash, for example, was one of the most shocking events to have happened to crypto. Where over $40 billion were wiped out of thin air, in less than …
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Axie Infinity was the victim of one of the biggest crypto heists in March this year. The massive $625 million hack shook the crypto space, with crypto investors asking if the security concerns will ever go away. Axie is now back in action with its Ronin Bridge restored, strengthened with a bunch of new security …
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El Salvador has recently purchased 80 Bitcoins. Nayib Bukele tweeted his support towards Bitcoin during its bear run,adding that Bitcoin is indeed the future. Despite the prices of Bitcoin plunging to new lows, El Salvador’s president Nayib Bukele seems to be unfazed by the ongoing bearish sentiment prevalent in the market. Bukele tweeted another Bitcoin …
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People living in the United States were recently interviewed by the investment firm Alto to learn more about their investing inclinations. Based on the findings, more youngsters between the ages of 25 and 40 are trading in cryptocurrencies than investing in mutual funds. Almost 40% of young respondents, according to the survey titled “How Millennials …
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The historic deleveraging of the cryptocurrency market could be coming to an end, which could signal the close of the worst of the bear market, according to a JPMorgan analyst. In a Wednesday note, JPMorgan strategist Nikolaos Panigirtzoglou highlighted increased willingness of firms to bail out companies, and a healthy pace of venture capital funding …
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The difficulty bomb-delaying Gray Glacier hard fork went live on Ethereum on Thursday without a hitch according to the network’s core devs including Ethereum Foundation’s Tim Beiko. The Sepolia testnet is also set to run through its Merge trial over the next few days and is the second last testnet to go through the trial …
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Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and activity on the blockchain both plunging over the last three months. The second quarter ending June 30 saw Bitcoin’s price fall from around $45,000 at the start of the quarter to trade at $19,884 before midnight ET on June 30 according …
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Celsius’ lead investor BnkToTheFuture has outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform. Shared on Twitter by BnkToTheFuture CEO Simon Dixon on June 30, the three distinct proposals include either two options of restructuring and relaunching Celsius, or potentially co-investing …
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Bitcoin Is In a Brief Recovery As It Fluctuates Below $20k – June 30, 2022 BTC/USD declines to the low of $18,638 as it fluctuates below $20K. Bitcoin has recovered above the $20,000 psychological price level but briefly pulled back. Buyers have an uphill task ahead as the bear market continues its bearish run. Today, …
CryptoSlate spoke to Simon Jones, CEO of Voltz, an interest rate swap DeFi protocol that aims to create “capital-efficient” within DeFi. Jones has a deep understanding of assessing market risk and speaks to the mistakes made by both Three Arrows Capital and Celsius over the past few months. A potentially negligent approach to risk was …
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The Commodity Futures Trading Commission (CFTC) has charged Cornelius Johannes Steynberg and his company Mirror Trading International (MTI), with fraud and registration violations. The South African trading company is the subject of a complaint filed by the CFTC on June 30, 2022, which alleges that Steynberg launched and used MTI to operate a global foreign …
Two journalists had a go at blockchain technology during a select committee in Westminster yesterday, June 29, Yahoo Finance reported. Addressing the House of Commons Science and Technology Committee, which convened in Portcullis House near the Houses of Parliament, technology journalist and author David Gerard implied the blockchain does not have any significant use cases. …
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Banks’ exposure to cryptocurrencies should be capped at 1% of Tier 1 capital, the Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) recommended in a consultation paper on June 30. Tier 1 capital refers to the core assets held in a bank’s reserves. This is the committee’s second attempt to lay …
The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by the courts. While the organization has yet …
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