Monstercat CEO Mike Darlington and Metalink founder Jake Udell chat with NFT Steez about the future of Web3 and music NFTs. Source: https://cointelegraph.com/news/experts-explain-how-music-nfts-will-enhance-the-connection-between-creators-and-fans
Month: July 2022
Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip
Coinbase has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, adding institutional clients and issuing stock, crypto prices were hitting record highs. Now, in the depths of crypto winter, Coinbase finds itself slashing a fifth of its workforce, losing retail trading volume and contending with downgrades of its credit…
Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default
Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. “The failure of a borrower, Three Arrows Capital, to repay a substantial loan from us makes this the right path forward,” Voyager Digital CEO Stephen Ehrlich said on Twitter soon after the service suspension went into effect. “This decision, while far from optimal,…
DappRadar and LayerZero launch chain-agnostic staking token
DappRadar and omnichain interoperability protocol LayerZero have launched a new token to enable cross-chain staking across multiple blockchains and Ethereum Virtual Machine (EVM)-compatible networks — a move designed to minimize fees and increase access to staking opportunities. The functionality for the newly launched RADAR token is provided through a set of smart contracts, DappRadar said. One of the contracts is…
Voyager Digital Halts Trading and Withdrawals After Three Arrows Capital Default
In brief Voyager Digital today announced that it has suspended withdrawals, deposits, and trading on its platform. The firm issued a default notice to hedge fund Three Arrows Capital this week. Three Arrows reportedly owes Voyager about $646 million worth of crypto. Crypto trading platform Voyager Digital announced today that it has temporarily halted all withdrawals, deposits, and trading due…
West Virginia EPA Supreme Court Bitcoin
This is an opinion editorial by Colin Crossman, a corporate attorney and entrepreneur. The Case On June 30, 2022, the Supreme Court of the United States issued an opinion in the case West Virginia et al. vs. Environmental Protection Agency et al.. This decision, which found that the EPA exceeded its authority, will have wide-ranging benefits for Bitcoin.1 At first…
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals – Bitcoin News
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company was “temporarily suspending trading, deposits, withdrawals and loyalty rewards.” Another Crypto Firm Freezes Withdrawals, Voyager…
BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M
FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm. In a Friday Twitter thread, BlockFi CEO Zac Prince said the crypto lending firm had signed agreements with FTX US for a $400-million revolving credit facility as well as the option to acquire BlockFi “at a variable price…
Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer
Discussion of the state of the crypto market has been a dominant headline over the past few weeks as non-crypto native media excoriate Bitcoin (BTC) and DeFi investors for investing in assets with no fundamental value. At the same time, crypto-savvy analysts and traders have been pouring over charts, looking for clues that signal when the market will bottom and reverse…
Bitcoin Revolution Chaos Canada Day
Canadians owning bitcoin jumped to 13%, up from 5% in the last year according to the Bank of Canada. As we go to publication on Canada Day it appears that the Canadian government’s war on its people continues with a huge police presence on Parliament Hill, enforcing nonsensical rules like no shouting or flag waving. Tamara Lich, an organizer with…