According to a new filing with the U.S. Securities and Exchange Commission on Dec. 20, Bitcoin (BTC) miner Greenidge stated that it reached an agreement with its creditor, fintech firm NYDIG, to restructure approximately $74 million worth of debt. The deal, in the form of a non-binding term sheet, would result in a major change …
Continue reading “Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG”
I attempted to spend two weeks travelling in El Salvador living on Bitcoin. I tried to pay for every single thing with Bitcoin, or Satoshis, small amounts of Bitcoin. Spoiler alert, I failed. Outfoxed by car hire companies (fortunately my car of choice was not Fiat); stubborn restauranteurs, a parking meter, pupusas, and a fancy …
Continue reading “What it’s actually like to use Bitcoin in El Salvador”
Bitcoin (BTC) and other bulls will not benefit from a major change in United States inflation policy in 2023, one analyst says. In a Twitter thread on Dec. 20, Jim Bianco, head of institutional research firm Bianco Research, said that the Federal Reserve would not “pivot” on rate hikes next year. Bianco: Japan YCC move …
Continue reading “‘Forget a pivot’ — markets won’t see Fed rate cut boost in 2023, says analyst”
Sasha Ivanov, founder and CEO of the Waves blockchain platform, is planning to launch a new stablecoin amid the ongoing crisis of the Waves-backed stablecoin, Neutrino USD (USDN). Ivanov took to Twitter on Dec. 20 to announce the USDN situation resolution plan alongside a new stablecoin project. “I will launch a new stablecoin,” Waves founder …
Continue reading “Waves founder announces new stablecoin as USDN depegs”
Summary: A South Korean court ruled in favor of a freeze on assets owned by early investors of Terra’s ecosystem. Prosecutors filed to lockdown assets controlled by seven persons including Kernel Labs CEO Amugae Kim. The news is the latest from South Korean investigations into Terra’s $40 billion wipeout in May 2022. South Korean prosecutors …
Continue reading “Prosecutors Freeze Early Terra Backers Assets Worth $92 Million”
Snowfall Protocol (SNW) Is A Way Better Investment Than Dogecoin (DOGE) and Cardano (ADA) After Their dApp Announcement Has Been Made! It’s no secret that […] Go to Source
Amid the FTX saga, authorities make haste to formulate new fast-paced legislative actions in the digital currency industry. Ethereum price dip has been partisan of […] Go to Source
Leading analytics firm Glassnode says billions of dollars worth of stablecoins are being withdrawn from top crypto exchange Binance. Glassnode says that Binance has witnessed $3.2 billion in combined outflows of Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and Dai (DAI) in a 30-day period. Source: Glassnode/Twitter Based on Glassnode’s chart, Binance’s net outflows …
Real Vision CEO Raoul Pal thinks crypto will recover from its high-profile disasters in the same way that hedge funds have in the past. In a new interview with crypto analyst Scott Melker, the former Goldman Sachs executive says he thinks institutions are still interested in diving into the crypto space and will do so …
The crypto bear market has also been called a builder’s market by many leading figures and companies in the industry. New data from Nasdaq reveals that investors had this mindset as they continued to sink money into Web3, particularly metaverse-related projects. According to the data over the last year 216 metaverse funding deals were completed, …
Continue reading “Animoca Brands is the most funded metaverse developer in 2022: Nasdaq”
More than six months after the collapse of the Terra ecosystem, South Korean authorities continue to investigate and freeze the funds of persons involved in Terra. After seizing 140 billion won ($108 million) from Terra co-founder Shin Hyun-Seong in November, the Seoul Southern District Court has recently ruled to confiscate more assets related to Terra. …
Continue reading “South Korean court freezes $92M in assets related to Terra tokens”
As hacks and exploits continue to go rampant within the crypto industry, the importance of finding vulnerabilities to prevent potential losses becomes of utmost importance. However, a Web3 developer highlighted that it’s not rewarding to do so. In a tweet, a Web3 developer claimed that he found a vulnerability in a Solana smart contract that …
Continue reading “Projects would rather get hacked than pay bounties, Web3 developer claims”
A type of decentralized finance (DeFi) that allows investors to lend their crypto tokens in return for regular interest payments, the crypto lending space comprises both centralized and decentralized crypto entities that manage the entire process on behalf of their investors. Offering high annual percentage yields (APY) to investors from whom the tokens have been …
Continue reading “Bringing community-based solutions to crypto lending can solve trust issues”
MetaMask and PayPal are working together in order to empower the Ethereum ecosystem. The two transactional giants have found their way to collaborate in favor of crypto adoption. By the end of 2020, PayPal introduced a new functionality that allows users to make cryptocurrency transactions with Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, transferring tokens …
Continue reading “Metamask Partners With PayPal to Facilitate ETH Purchases”
It’s impossible now to go a day without running into the stories of the FTX saga and a series of speeches from Sam Bankman-Fried. The damage was huge. But these setbacks aren’t stopping the growth of some top projects. The Ethereum team is still on track to approach its next scheduled upgrade, the Shanghai Upgrade. …
Continue reading “Ethereum Shanghai Upgrade: Here’s What You Need To Know”
