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Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors
19.6.2022
Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST). The case against Terraform Labs (TFL) was filed by the plaintiff Nick Patterson on behalf of others...
Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund
17.6.2022
Two days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolvency. Now the crypto firm Finblox is feeling the effects of 3AC’s troubles, and a few digital...
Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer
17.6.2022
The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery
Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
16.6.2022
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help...
Three Arrows Capital ‘Ghosted Us’ After USD 1M Went Missing, Trading Firm Claims
16.6.2022
The drama surrounding the troubled crypto hedge fund Three Arrows Capital is continuing, with one trading firm now saying USD 1m was removed from its trading account by the hedge fund, and that Three Arrows Capital’s co-founder Kyle Davies can no longer be reached....
Read More: Three Arrows...
Ukraine-based blockchain firm announces 'we're still hiring' amid market downturn, war
15.6.2022
According to the CEO, Everstake had made preparations for a “special fund” to tide the firm over in the event of a bear market
Blockchain Security Firm Forta Introduces Native Token
15.6.2022
The FORT token will provide an incentivize to help secure the Forta network
Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
15.6.2022
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys...
Coinbase Reduces the Size of the Firm’s Workforce by 18%
14.6.2022
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew...
PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End
14.6.2022
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm...
Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’
14.6.2022
Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin...
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’
13.6.2022
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last...
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
13.6.2022
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency...
Devere Group Predicts a Bull Run and ‘Significant Bounce’ for Bitcoin in Q4
13.6.2022
The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year. Devere’s CEO Predicts a Bull Run in Q4 for Bitcoin Financial advisory and asset management firm Devere...
'First Time Ever', US Law Firm Airdrops NFT Subpoena in Exchange Hack Case
10.6.2022
In what could represent a landmark legal development for the crypto industry, US law firm Holland & Knight has served a defendant a pre-trial temporary injunction as a non-fungible token (NFT), acting in a legal case involving its client, crypto exchange LCX.
For the "first time in history"...
Digital Payments Firm Flexa to Buy Drop Party to Engage With Customers
10.6.2022
Digital payments firm Flexa plans to buy marketing technology company Drop Party to engage with customers through various online campaigns. Terms of the deal weren’t disclosed
Blockchain Firm Edge Launches Confidential Crypto Mastercard
10.6.2022
The San Diego-based cryptocurrency firm Edge has announced the launch of a confidential crypto Mastercard that doesn’t collect KYC data and doesn’t charge transaction fees. Edge’s website notes that there’s “no name or address associated with [the] Edge...
NFT App Floor Closes $8M Series A Led by Mike Dudas' VC Firm
9.6.2022
The round was led by 6th Man Ventures, the investment firm of The Block's founder Mike Dudas
Crypto Trading Firm Wintermute to Launch DEX on Ethereum
9.6.2022
The decentralized exchange, Bebop, is scheduled to go live this summer