A closely followed analyst is offering his take on Ethereum (ETH) and two of its biggest rivals as digital asset markets see a fresh bounce. In the latest TechnicalRoundup newsletter, pseudonymous analyst Cred says that ETH is back in charge, but is now at risk of a failed breakout which could signal further downside for …
Monthly archives: July 2022
Britain and US Will Cooperate on Crypto Regulation, Says Head of Financial Conduct Authority
The Financial Conduct Authority (FCA) says the United States and the United Kingdom are collaborating on crypto asset regulations. FCA chief executive Nikhil Rathi says the two countries decided to strengthen ties on the regulation of crypto assets following bilateral talks weeks ago. “Separately, the UK and US also held talks as part of the …
Institutional Investors Add to Bitcoin Short Positions As Crypto Markets Turn Green: CoinShares
A leading digital assets manager says that institutional investors have been adding to their short positions on Bitcoin (BTC). In the latest Digital Asset Fund Flows Weekly report, CoinShares finds that short BTC investment products saw $15 million of inflows last week while long investment products suffered net outflows. “Digital asset investment products saw inflows totaling …
Source claims 3AC’s Deribit exposure is worth much less than reported
Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit. In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was …
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Bitcoin price moves toward $24K and traders expect further upside, after a support retest
Crypto fans are rejoicing at the sight of green across the market on July 19 as the months of “down only” price action has finally come to an end after the market flashed its first substantial relief rally in at least a month. Data from Cointelegraph Markets Pro and TradingView shows that much of the …
3AC allegedly liable for $2.8B in creditor claims
According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims, as discovered through a recent 3AC creditors meeting. In addition, the claim amount could be understated, as many have either not made their claim or have not disclosed …
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Ripple’s General Counsel: No Country, Including the US, Has Determined XRP to be a Security
Summary: Ripple’s General Counsel, Stuart Alderoty, has pointed out that no country, including the United States, has determined that XRP is a security. Mr. Alderoty was responding to comments by US Representative Brad Sherman urging the SEC to go after crypto exchanges that had traded in XRP. Ripple CEO, Brad Garlinghouse, seconded Mr. Alderoty stating …
Twitter Wins the First Round Against Elon Musk as Judge Orders an October Trial
In brief: Judge Kathaleen McCormick, who is handling the Twitter lawsuit against Elon Musk, has set an October hearing for the case. Elon Musk, through his lawyers, had sought to push the lawsuit to February 2023. Judge McCormick’s decision was made via Zoom as she had earlier been diagnosed with COVID. Twitter’s board has won …
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Lido DAO Sky Rockets 170% – Overbought Oscillators Drive Bearish Correction
The cryptocurrency LDO has seen a significant price increase due to its plans to expand services across various Ethereum Layer 2 scaling solutions. Lido announced Monday that it would expand to different ETH L2 solutions. They will accomplish this by allowing ETH staking via bridges to L2s via a wrapped version of wstETH. This news …
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RUNE Spikes 13.47% as THORChain is Set to Launch Thorfi
The RUNE/USD pair finished at $2.6690, reaching a high of $2.6990 and a low of $2.5460. Yesterday, the price of THORChain increased significantly, with a volume of 28.47 million. However, the RUNE price remained positive for the second session in a row. It continued to rise on Tuesday, following the previous day’s bullish momentum. THORChain …
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Portal, Backed by Coinbase and Other Prominent Investors, Announces Republic Equity Offering
July 19, 2022 – San Francisco, California Portal, a cross-chain layer two DEX network being built on Bitcoin, is delighted to announce its Reg D equity offering through Republic, a multi-asset investment platform that allows anyone to invest in vetted, private startups. The public sale began on Monday, July 18, 2022. Portal is extending the capabilities …
Top Crypto Analyst Predicts Rallies for Ethereum and Binance Coin, Says Time To Be Bearish Is Over
The crypto strategist who predicted the 2018 bottom for Bitcoin is predicting surges for Ethereum (ETH) and Binance Coin (BNB). Pseudonymous analyst Smart Contracter tells his 210,000 Twitter followers that leading smart contract platform Ethereum has achieved a bullish milestone this week after ETH recovered one crucial bottom indicator. “ETH [has] reclaimed its 200-week moving …
Gate.io Releases Q2 GateToken (GT) Burn Results, Over $40 Million Burned So Far in 2022
July 19, 2022 – Majuro, Marshall Islands In the second quarter of this year, GateToken‘s (GT) buyback and burn program reached over $17 million in total value burned. Combined with the first-quarter results, the entire supply reduction topped nearly $40 million worth of GT burned so far this year. Since 2020, Gate.io has allocated 20% …
Fellaz Paves the Way for Web 3.0 Entertainment Platform for Major K-Pop Artists, Influencers and Fans
July 19, 2022 – Singapore, Singapore Fellaz, a multi-chain Web 3.0 entertainment ecosystem, announces the upcoming launch of its social media platform for artists and their fanbases. Through months of preparation, the Fellaz team has onboarded notable entertainers and pop stars from Korea, Japan, Southeast Asia and the rest of the world. In preparation for …
Singapore’s financial watchdog pushes back against Terra and 3AC associations
Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation. In a speech on the MAS Annual Report on Tuesday, Menon said crypto-related companies including TerraForm …
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