Bitcoin
Lido Finance Warns Leverage Is a ‘Hell of a Drug’
After integrating with DeFi major Aave, Lido saw leverage kick up a gear and nudged some larger players to unwind. But plenty of people didn’t. Source link
Month: June 2022
Market Analysis
Three Arrows Capital to seek bailout or asset sale
Kyle Davies, one of the co-founders of Three Arrows CAPITAL (3AC), has said that the crypto hedge fund is exploring different options including getting rescued by another firm or asset sales. This comes after some […]
Regulation
Bill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment – Regulation Bitcoin News
A new bill presented in Brazil is trying to introduce bitcoin and other cryptocurrencies as an approved means of payment in the country. The bill, presented by Federal Deputy Paulo Martins, proposes to amend already […]
Bitcoin
Three Arrows Capital Confirms Heavy Losses From LUNA's Collapse, Exploring Potential Options: Report
Terra’s implosion in mid-May and falling bitcoin prices affected the fund’s portfolio, its founders confirmed. Source link
Market Analysis
Basic Attention Token (BAT) Reclaims Short-Term Support
Basic Attention Token (BAT) bounced at a long-term horizontal support level and broke out from a shorter-term resistance line afterward. BAT has been falling since reaching an all-time high price of $1.92 in Nov 2021. […]
Ethereum
FTX Agrees to Acquire Canadian Trading Platform Bitvo as It Eyes Regional Expansion
FTX’s decision to acquire Bitvo comes after rival exchange Binance pulled out of Ontario amid regulatory pressure last year. Source link
Bitcoin
Huobi Registers in New Zealand to Expand its Cryptocurrency Trading Business in the Country
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Market Analysis
Unusual liquidity pressures force Babel Finance to suspend withdrawals
Due to the ongoing crypto market meltdown, Babel Finance, an Asian-based crypto lender firm, has suspended all their products’ redemptions and withdrawals from clients, noting that their firm is facing ‘’Unusual liquidity pressure.’’ Today, June […]
Regulation
Bitcoin Recovers Over $21K as Fed Commits to Slow Inflation; Traders Remain Cautious
Fed Chair Jerome Powell said the agency remained committed to bringing down inflation and hiked interest rates by 75 basis points this week. Source link
Bitcoin
Alchemy Launches $25M Developer Grant Program to Fund Web3 Projects
“We believe as ecosystem builders, it’s our responsibility to help everyone get excited about the new technology, but also to bring new developers within the ecosystem even during the market downturn,” Paul Almasi, Alchemy’s Head […]