In a recent interview with Bloomberg, Michael Purves came forward to say that he had a highly bearish outlook on Bitcoin, which has been on since January. He further claimed that last week, his company made a short bet with a target of $15,000. On analyzing the current market downtrend, Purves stated that the long-term...Read More
Leading cryptocurrency exchange Binance has identified two suspects who may be responsible for the theft of $265,000 from decentralized exchange (DEX) protocol KyberSwap in an exploit earlier this week. Binance CEO Changpeng Zhao (CZ) disclosed the findings on Twitter today, noting that the company has shared the intel with KyberSwap and the appropriate law enforcement...Read More
Several weeks after filing for bankruptcy protection, the troubled cryptocurrency lender, Celsius Network, is seeking court approval to allow a small group of customers to withdraw their digital assets. In a Thursday filing with the United States Bankruptcy Court for the Southern District of New York, the crypto lender motioned for customers’ assets held in...Read More
Citing legal issues it’s facing in some European countries, Singapore-headquartered CryptoCom has backed out of a $495-million sponsorship deal with Union of European Football Association (UEFA) Champions League. Regulatory Issues Behind Scrapping of Deal The cryptocurrency company that offers trading, DeFi, and wallet services, among others, was set to replace Russian oil major Gazprom as...Read More
Since May, post the Terra (LUNA) collapse, the crypto market hasn’t really witnessed a bull rally as the currencies have been fluctuating to a large extent. Bitcoin bottomed around $17,749 in June and hasn’t yet been able to recover; the price continues to hover around $20,000 now. At the time of publication, Bitcoin is selling...Read More
Arcane Research – a digital asset analysis firm – has published a report examining Bitcoin mining, and its relationship with global energy. The paper argues that the mining industry can transform worldwide energy production for the better – contrary to its frequent portrayal as a social and environmental harm. Reinforcing the Grid and Renewable Technologies...Read More
Cryptocurrency lending has grown in popularity over the past few years. More and more people are hearing about this exciting new type of investing, and more projects are popping up to help improve their experience. As per the latest trends, this space is expected to rise even further with more and more people coming forward...Read More
