Crypto lending platform Celsius reportedly attempted to trade its users’ Bitcoin (BTC) shortly before the company filed for bankruptcy. The Financial Times (FT) reports that Celsius misplaced user funds for BTC trading under the direction of CEO Alex Mashinsky. As per the report, Mashinsky gathered his investment team in January to announce he would be …
Monthly archives: August 2022
Ex-Goldman Sachs Executive Predicts Ethereum (ETH) Explodes Through $2,000 Level As Macro Climate Shifts
Former Goldman Sachs executive Raoul Pal says Ethereum (ETH) is on track for rallies as the macroeconomic environment becomes more favorable to crypto. In a new YouTube update, Pal tells Real Vision Finance subscribers that ETH will push past $2,000 as global growth weakens and inflation trends downward. “Obviously, we had the inflation numbers coming out …
Public Pension Funds Continue To Show Interest in Cryptocurrency Investments Despite Downturn: Report
Public pension funds in the United States are still showing interest in digital assets despite the crypto market downturn, according to a Wall Street Journal report. The report says that investment firms such as VanEck have received inquiries on crypto investing from public pension funds across the US in the last few years. Likening the …
BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years
Inc. magazine has named BlockFi the fastest growing company in the United States in 2022. At the top of the magazine’s Inc. 5000 2022 list, it experienced 245,616% growth, a lead of more than 99,000% over the second-place company, a platform for hiring nurses. The median growth rate was 230% across all 5,000 entries. The …
Celsius CEO personally directed crypto trades months before bankruptcy: Report
Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates. According to a Tuesday report from the Financial Times, Mashinsky personally directed individual trades and overruled financial experts in an effort to protect Celsius from anticipated declines …
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Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees
Bitcoin (BTC) showed weakness on Aug. 15, posting a 5% loss after testing the $25,000 resistance. The move liquidated over $150 million worth of leverage long positions and has led some traders to predict a move back toward the yearly low in the $18,000 range. The price action coincided with worsening conditions for tech stocks, …
Solana (SOL) price is poised for a potential 95% crash — Here’s why
Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token’s splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator. A major SOL crash setup surfaces Dubbed a “head-and-shoulders (H&S),” the pattern appears when the price forms three consecutive peaks …
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Bitcoin Price Prediction for Today August 16: BTC Price Retraces above $23.6K Support
Bitcoin Faces Stiff Rejection from Overhead Resistance as It Retraces Above $23.6K Support – August 16, 2022 Bitcoin (BTC) price declines as it retraces above $23.6K support. On August 15, buyers pushed the largest cryptocurrency to the high of $25,214 but could not sustain the bullish momentum above it. The crypto has resumed a downward …
Why are Blockchains Useful for Business?
Tas Dienes, EEA Mainnet Interest Group A recent article by Josh Stark sets up a new framework for understanding the utility of blockchains. He summarized it in a tweet thread here, but it’s worth reading the whole article to fully understand the idea. I will attempt to condense it into one paragraph, but please do …
Dogecoin, Shiba Inu Are Leading The Current Crypto Price Rally
Memecoins Dogecoin and Shiba Inu are top gainers of the current crypto market. Doge is up 9% ($0.08506) at press time while Shiba Inu is up 1% at $0.00001611 Meme cryptocurrencies Dogecoin and Shiba Inu are rallying ahead in terms of pricing as the market gradually recovers from its months-old crypto slump. At press time …
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Shiba Inu Price Retraces, Rejected at Resistance Level
Very recently Shiba Inu experienced a massive jump in price action. Also, this big jump in value made the headlines. Nevertheless, ever since then, there has been some new development. In this analysis, we shall examine those new developments. We will also deduce some possible happenings that may occur in this market. SHIB/USD Current Price: …
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Lucky Block and Quint: Best NFT Rewards Tokens to Invest in 2022
The non-fungible token (NFT) gaming ecosystem has grown massively over the past year. Hence, new projects entering the space are setting up robust roadmaps to secure a massive share of the blockchain gaming space that is expected to hit a massive valuation in the coming years. Some new NFT projects in the crypto space include Lucky …
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BitGo plans to sue Galaxy Digital over failed acquisition
itGo, a digital asset custody firm, has announced it will be suing Galaxy Digital. BitGo says that it will require over $100 million in damages from Galaxy Digital over claims that the Michael Novogratz-owned company owed funds to BitGo for reversing its decision to acquire the company. BitGo set to sue Galaxy Digital Galaxy Digital …
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Celebrities, including Justin Bieber accused of shilling NFTs
Non-fungible tokens (NFTs) have become very popular among celebrities. Some big names from Snoop Dogg, Madonna, Justin Bieber, etc., have all shown interest in the crypto space. However, these celebrities have been called out for shilling NFTs and failing to advise their followers about the underlying risks. Celebrities called out for shilling NFTs A report …
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South Korean Regulators Investigate Banks Following $6.5B in Suspicious Remittances
Banks based in South Korea are under investigation for allegedly enabling $6.5 billion in illegal overseas remittances. These remittances were linked to the companies dealing in cryptocurrency arbitraging. South Korean banks investigated over $6.5B in suspicious remittances A report by Asia Times ordered a probe into South Korean banks in July after detecting many overseas …