The Singapore-based crypto fund Three Arrows Capital (3AC) has been ordered to liquidate by a court in the British Virgin Islands, according to Sky News. Sky News reported that Teneo Restructuring will assist in the proceedings. Decrypt has contacted Teneo for more details on the liquidation. A darling of last year’s bull market, 3AC, led by Kyle Davies and Su…
Bitcoin (BTC) has hit new record highs this week — not in U.S. dollar terms, but against its longtime competitor, Bitcoin Cash (BCH). Data from Cointelegraph Markets Pro and TradingView confirms that on June 29, BCH/BTC officially set its lowest ever price. CoinFLEX debacle ensnares BCH supporter Ver Bitcoin Cash, also known as “Bcash” by those critical of the coin’s…
In brief Blockchain network Chia has launched its first NFT standard on mainnet. Chia Network’s Gene Hoffman claims that it provides benefits over Ethereum and Solana, which have thriving NFT markets. Ethereum currently rules the NFT market in both trading volume and high-value projects, with rising rival Solana trailing behind on both markers. But there’s an incoming entrant that aims…
Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the Ethereum (ETH) for institutions. This move comes in anticipation of the Ethereum network’s long-promised shift from proof-of-work (PoW) to proof-of-stake (PoS) protocol. Anchorage announced on Tuesday its intention to introduce ETH staking — a practice of earning rewards for…
Bitcoin has once again slumped below the psychological mark of $20,000 on Wednesday morning, a level last seen on June 22. At the time of writing, the leading cryptocurrency is trading at $19,998, down 5.27% over the past 24 hours, according to data provided by CoinMarketCap. The rest of the market is firmly in the red too. Ethereum, the industry’s…
The idea of sidechains as a scaling and feature extension mechanism for Bitcoin is a very old concept. A kind of basic “ancestor” idea of sidechains, merge mined chains, even goes back to before Satoshi disappeared. That proposal was simply the idea of two completely separate and unrelated chains being mined by the same group of miners, with no ability…
Mercado Pago, the digital payments company related to Mercadolibre, has recently announced the extension of the crypto services that it provides to users in Brazil. The company revealed it will now allow customers to deposit their own cryptocurrencies through third-party services and wallets into their cryptocurrency digital wallet with no cost associated. Mercado Pago to Allow Deposits From Third…
From the highs of feeling like a total genius to the lows of downward price movements, crypto investing has taken Dubai-based trader JC Enriquez on a roller coaster ride. In an interview with Cointelegraph, Enriquez shared his crypto trading journey, starting from his first encounter with digital assets. According to the trader, it all started when a friend asked him…
No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge. Source: https://cointelegraph.com/news/bitcoin-price-limps-under-20k-as-asia-extends-global-stocks-weakness
The below is a direct excerpt of Marty’s Bent Issue #1231: “BIP 324 would bring encryption to bitcoin’s P2P layer and it needs some review.” Sign up for the newsletter here. Visualizing how encrypting data can obfuscate network connections via bip324.com As some of you freaks may be aware, Bitcoin is by no means a perfect system. Satoshi Nakamoto launched…
