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Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’
28.6.2022
The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current...
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...
Report: Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon
27.6.2022
The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering...
Crypto exchange FTX is looking into acquiring Robinhood: Report
27.6.2022
Robinhood, a discount brokerage that popularized crypto trading among mainstream users, has fallen on hard times
Robinhood Shares Spike on Report FTX May Be Seeking to Acquire It
27.6.2022
Plans are still in the preliminary stages, according to a report from Bloomberg
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
27.6.2022
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that...
Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report
27.6.2022
The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said
Less than 1% of all holders have 90% of the voting power in DAOs: report
27.6.2022
A user must hold between 0.1% and 1% of the outstanding token supply to create a proposal and hold between 1% and 4% to pass it
Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst
26.6.2022
On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic specialists. According to an account published Polygon’s chief information security officer...
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
25.6.2022
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire...
Celsius Network hires advisers ahead of potential bankruptcy: Report
24.6.2022
Restructuring, bankruptcy, buyouts... media outlets are swarming with different reports on the next steps Celsius may take
FTX may be planning to purchase stake in BlockFi: Report
24.6.2022
The reportedly ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday
Smaller Exchanges Could Fall Due to Confusing ‘Web of Relationships’, Report Warns
24.6.2022
Smaller crypto exchanges could be vulnerable to collapse during this crypto bear market, given seemingly unsustainable yields offered to users, and a confusing “webs of relationships” between companies in the space, a new report from the crypto data provider Kaiko has found.
According to Kaiko...
FTX in Talks to Acquire Part of BlockFi: Report
24.6.2022
FTX previously extended a $250 million emergency line of credit to the struggling crypto lender earlier this week
Spanish Government Wants Crypto Holders to Report their Transactions & Holdings from 2023
23.6.2022
Spanish authorities will force crypto owners to declare their crypto-related operations and coin holdings. The nation’s finance chief also stated that crypto exchanges will be forced to report on their customers’ activities from next year – and warned that similar European Union-wide measures...
Singapore Will Crack Down on Bad Crypto Behavior: Report
23.6.2022
Singapore will be “brutal and unrelentingly hard” on bad behavior in the crypto industry Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore, said
RBI, Indian Banks to Pilot Blockchain Trade Financing: Report
23.6.2022
The Reserve Bank of India (RBI) is to develop a proof-of-concept blockchain project focused on trade financing alongside various top Indian banks, the Economic Times reported Thursday
Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse
22.6.2022
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation...
Bitcoin․com Exchange Market Insights Report for June 2022
22.6.2022
This is the June 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto Market Performance Crypto markets continued on a downtrend as BTC and...
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
22.6.2022
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions...