Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis. Source: https://cointelegraph.com/news/on-the-brink-of-recession-can-bitcoin-survive-its-first-global-economic-crisis
Month: June 2022
Discussing How Bitcoin Can Unlock Ocean Energy
This is a recording of a recent Twitter Spaces conversation about Level39’s “How Bitcoin Can Unlock The Energy Of The Ocean For 1 Billion People.” Listen To This Twitter Spaces: Transcript [00:06] CK: … Industrial Revolution and specifically in the context of unlocking trapped energy resources that are in the ocean and potentially a lot of other resources. I don’t…
Voyager’s 60% share price plunge leads sea of red for crypto stocks
A 60% plunge of Voyager Digital’s (VYGVF) share price since it disclosed its Three Arrows Capital (3AC) exposure has been accompanied by further falls in crypto industry stocks. According to data from trading view, VYGVF plunged as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day.…
Voyager’s 60% share price plunge leads sea of red for crypto stocks
A 60% plunge of Voyager Digital’s (VYGVF) share price since it disclosed its Three Arrows Capital (3AC) exposure has been accompanied by further falls in crypto industry stocks. According to data from trading view, VYGVF plunged as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day.…
Nexo hires Citibank to advise on acquisitions during market turmoil
Crypto lending platform Nexo, says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firms. In a blog post, Nexo announced that it is currently receiving advice from banking giant Citigroup on how best to acquire the assets of insolvent crypto firms…
Crickets on day 1… but Proshares short Bitcoin ETF volume up 380% on day 2
The first short Bitcoin ETF from ProShares got off to a very slow start on its June 21 launch but gathered pace by increasing trading volume 380% on day two. On launch day June 21, the ProShares Bitcoin Short Strategy Exchange-Traded Fund (BITI) traded a lackluster 183,300 shares which ETF analyst at Bloomberg Eric Balchunas noted in a tweet was…
Cardano Vasil Hard Fork Postponed to Allow for More Testing – Blockchain Bitcoin News
A The Input-Output Global (IOG) team has said it will postpone sending the Vasil hard fork update proposal because it still needs to solve seven outstanding bugs that are currently ranked as non-severe. While acknowledging that the news will likely be disappointing for some, the IOG team insisted it was “taking an abundance of caution to ensure that we do…
A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne
“We’re really designing a whole world,” Two Bulls founder James Kane said about the role his business will play in the yet to launch metaverse. Source: https://cointelegraph.com/news/a-very-ambitious-100m-metaverse-r-d-hub-is-being-built-in-melbourne
LBank Exchange Continues to Hire Amid the Massive Crypto Job Cuts – Press release Bitcoin News
press release PRESS RELEASE. Cryptocurrency exchange LBank has continued to hire more crypto and blockchain talents as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto market and investors dumping risky assets, as well as certain crypto firms laying off employees and freezing withdrawals, LBank makes a move in the right lines. At…
Binance U.S. makes BTC trading fee-free as competitors feel the heat
Crypto exchange Binance.US has removed trading fees for Bitcoin (BTC) spot market trades, following in the footsteps of Robinhood which pioneered no-commission crypto trading in 2018. Brian Shroder, CEO of Binance.US said the move makes the company the first U.S. crypto exchange to eliminate spot trading fees for Bitcoin for all users and without trading volume requirements. He added that…