beginner Because of their volatile nature, crypto assets are no strangers to crashes. Sometimes, coins and tokens manage to bounce back and recover their price: Bitcoin is the best example here. Many cryptocurrencies, however, never recover — and while these are often smaller tokens with tiny market caps, this fate can also befall bigger projects. After all, we all remember…
While crypto creditors wallow, legal firms are raking in the fees. A committee representing unsecured creditors of the bankrupt crypto broker Voyager has been charged $5.17 million in legal fees from March to May by its law firm McDermott Will & Emery, according to a legal filing submitted to the U.S. Bankruptcy Court of New York’s Southern District yesterday. This…
Cameron Winklevoss, the co-founder of the Gemini crypto exchange, has made what he called a “final offer” in the debt-restructuring negotiations over the bankrupt digital asset firm Genesis. This offer aims to bring resolution to months of discussions and mediation and includes a plan for $1.465 billion in forbearance payments and fresh loans denominated in USD, Bitcoin (BTC), and Ethereum…
Bitcoin investment products have experienced $310.6 million in inflows over the last two weeks. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-primary-focus-investors-amid-year-highs-coinshares
Industry experts believe Hong Kong’s shifting attitude towards blockchain technology, cryptocurrencies and Web3 could entice businesses away from the United States. The city has made a series of moves over the past year to foster the development of the Web3 space and enable retail investment into cryptocurrencies. The latest example of this is the formation of its Task Force on…
Jinan, the capital of eastern China’s Shandong Province, has begun encouraging the adoption of the country’s central bank digital currency (CBDC) program by introducing the acceptance of digital yuan payments across all its bus routes. In its pilot phase, the city tested the introduction of CBDC payments on two bus lines namely B52 and BRT5. Following this trial period, the…
Aptos (APT) topped crypto market gains on Tuesday at 10% amid a surge in trading volumes in South Korea; the token was last trading at $8.15, per CoinGecko. Bitcoin’s (BTC) positive price action above $31,000 yesterday has likely added to the positive sentiment. Ethereum (ETH) buyers are also attempting to move past resistance between $1,950 and $2,000. An anomaly in…
The floor prices for some of the largest NFT collections sunk to nearly two-year lows, but have started to edge up in the past 24 hours. Source: https://cointelegraph.com/app/public/index.php/news/blue-chip-floor-price-low-credit-suisse-football-nft
In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn custom… Source: https://cointelegraph.com/app/public/index.php/news/cameron-winklevoss-open-letter-barry-silbert-final-offer
Despite recent narratives suggesting differently, the United States won’t be losing its allure as a crypto hub, according to the CEO of blockchain analytics firm Merkle Science. A swathe of hostile regulatory actions leveled at crypto firms in the United States in recent months has led many top crypto executives to turn their gaze elsewhere. Despite this, Mriganka Pattnaik, the co-founder…
