Arthur Hayes believes that because of the HODL culture 1 Bitcoin would eventually equal $1 million in about 8 years. Former BitMEX chief executive Arthur Hayes recently reiterated his $1 million Bitcoin (BTC) price prediction. According to Hayes, the $1 million price point is almost inevitable for the leading digital currency. Although Hayes is bullish on Bitcoin, the ex-CEO asked […]
Sebastian Siemiatkowski, Klarna CEO, made an effort to downplay the impact of the company’s drop in valuation. Siemiatkowski stated the current position is a “testament to the strength of Klarna’s business.” European fintech Klarna recently saw a huge drop in its valuation, plunging from $45.6 billion to $6.7 billion. The company announced a new funding […]
Revolut remains convinced that the lessons will be relevant to all crypto users, regardless of their expertise level. UK fintech company Revolut has launched its flagship crypto education program. The program comprises two courses – one on crypto basics and the other about the Polkadot network. Both courses will be delivered via text and short […]
While the crypto market downturn has strained the finances of many crypto firms, KuCoin appears to be going strong. Cryptocurrency exchange KuCoin has denied rumours that it has plans to lay off its employees. The rumours suggested KuCoin would toe the line of several other crypto exchanges and announce employee layoffs. In June alone, over 1700 […]
As per Voyager’s proposed recovery plan, it is going to pay users in cryptocurrencies, Voyager tokens, “common shares in the newly reorganized company,” and funds coming from the proceedings of 3AC. Last week on July 5, Voyager Digital filed for Chapter 11 bankruptcy facing a severe liquidity crisis during the brutal bear market and failure […]
As per reports, Celsius has repaid more than $300 million of debt since the beginning of July unlocking a major part of its collateral. It still has $140 million in loans left to be paid to Aave and Compound. Troubled cryptocurrency lender Celsius has been flexing its muscles to pay all of its outstanding loans […]
Playboy and The Sandbox are building MetaMansion upon Playboy’s Rabbitars NFT project that consists of as many as 11,953 unique 3D animated bunny avatars. Playboy, a worldwide known brand by an American global media and lifestyle company PLBY Group Inc (NASDAQ: PLBY), has teamed up with The Sandbox (SAND), the third-largest metaverse based on the […]
There was a general slump in metaverse tokens of popular blockchain projects over the last day, even as Bitcoin & Ethereum also trade down. Metaverse tokens from a host of virtual and interactive environments have seen a slump within the last 24 hours. According to reports, these metaverse tokens from Decentraland, The Sandbox, Enjin Coin, […]
GMEX thinks that migrating from regulated asset classes into crypto would be an easier task with Pyctor. Netherlands-based ING Bank has announced today that it is spinning off Pyctor – its post-trade solution for digital assets, to GMEX. The acquisition deal sees Pyctor become a service within the GMEX platform, following another spinoff by ING […]
The SEC categorized Bitcoin Futures ETF and spot Bitcoin ETF as separate products. Grayscale Investments, one of the crypto industry’s largest digital asset managers has shed useful insight into its ongoing lawsuit with the United States Securities and Exchange Commission (SEC). In a Question and Answer (Q&A) session, Craig Salm, Grayscale’s Chief Legal Officer reiterated […]
Bitcoin critic Peter Schiff said that he would be accepting BTC if that were to save customers of his now embattled bank Euro Pacific. The tables have turned quite unexpectedly for Peter Schiff. Gold bug and Bitcoin critic Peter Schiff said that he is now ready to accept payment in BTC if the regulators allowed […]
Recently, CoinGecko data disclosed that $2 trillion has been wiped off the market value for cryptocurrencies since last year. Bitcoin is currently trading around $20,555 after sinking below 19,000 for the first time since December 2020. Following the quick reversal, Tron blockchain ecosystem founder Justin Sun hinted that the worst ever condition the market could […]
The decision Musk has taken to back out of the Twitter deal has caused the company’s shares to crash as a legal battle brews. Twitter shares (NYSE: TWTR) have sunk by around 7% in premarket trading following reports that Elon Musk had reneged on the acquisition deal. The Tesla (NASDAQ: TSLA) CEO’s attorney has already notified Twitter’s board of his intent to back out […]
According to CoinFLEX, it will take up to 12 months to fully recover the deficit. Currently, while seeking arbitration, CoinFLEX is also trying to fix the problem and looking to raise funds from its investors. Crypto exchange CoinFLEX has entered the process of arbitration in Hong Kong to reclaim $84 million in funds it lost as a result […]
The Twitter board chair has hinted that the company may sue Elon Musk to enforce the agreement. Twitter has reportedly hired top law firm Watchell, Lipton, Rosen & Katz LLP in preparation to sue Elon Musk as he backs off the acquisition deal. After offering to pay $44 billion to buy Twitter, Musk has withdrawn his […]
The US stock market futures will always be an indication of how healthy the economy is at the time. The United States stock market futures did not fare well with notable falls as investors are set to welcome the earnings season and important inflation data released this week. While the futures tied to the Dow […]
As a result of the rules violation and failing to disclose the concentration of business operators, Alibaba and Tencent might face a potential fine of as much as 500,000 yuan ($74,688). The State Administration for Market Regulation (SAMR), China’s market regulator responsible for comprehensive market supervision and management, has fined Alibaba Group (NYSE: BABA), Tencent Holdings […]
OMNI suffered a reentrancy hack and confirmed it would suspend the protocol until all parties auditing and investigating the attack are done. NFT protocol OMNI has lost 1,300 ETH ($1.43 million) in internal testing funds to a recent reentrancy attack. According to OMNI, the attack did not affect any real funds as the protocol is […]
In their latest report, Private Shares Fund has marked down BlockFi series E warrants as totally worthless. Beleaguered crypto lender BlockFi has been facing tough liquidity challenges following the crypto market crash. As per the latest report, BlockFi investors are preparing to undertake huge losses as valuations tank. Bad News for BlockFi Investors The Private […]
What’s interesting is that the deal comes at a time when there is a market downturn. Crypto trading platform, OKX, has announced the completion of a sponsorship deal with Premier League champions, Manchester City. Earlier in March, the firm signed a multi-year partnership deal to become the official crypto partner of Manchester City. However, the […]