3AC files for bankruptcy amid financial troubles
According to a report by Bloomberg, three Arrows Capital has filed for Chapter 15 Bankruptcy. 3AC used to be one of the largest crypto investment firms, but the recent market…
Coinbase seeks licenses to expand into Europe
The cryptocurrency market has been in a bearish state, but some giant firms are still making strategic moves to expand their operations and presence worldwide. Coinbase, the largest cryptocurrency exchange…
FTX set to acquire BlockFi in a $680M deal
FTX has secured a deal with troubled crypto lending firm BlockFi. The deal will give this exchange the ability to acquire BlockFi. BlockFi has faced financial troubles recently following the…
How to earn crypto passive income with forks and airdrops?
Hard forks and airdrops are forms of passive income strategies, which are essentially free giveaways of particular tokens to users. When cryptocurrencies like Bitcoin (BTC) go through bear phases like…
KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”
Rumors linked KuCoin’s intent to stop withdrawals with the Terra (LUNA) and the 3AC collapse, which according to the warnings, led to “immense suffer” for the exchange. Crypto exchange KuCoin…
DeSci: Tech trees to fund ambitious science and tech
To aid coordination, technology trees help decentralize science and provide an overview of the field, existing work and open challenges. Have you ever played the game series Civilization, created by…
Three Arrows Capital Files for Bankruptcy in the US to Protect its Assets from Liquidators.
Summary: Three Arrows Capital has filed for Chapter 15 bankruptcy in New York 3AC filing for bankruptcy comes less than a week after a British Virgin Islands court ordered the…
KuCoin CEO Refutes Rumors that the Exchange Will Pause Withdrawals or Had Exposure to 3AC, LUNA or Babel Finance.
Summary: KuCoin CEO, Johnny Lyu, has debunked rumors that the exchange will soon pause withdrawals. According to Mr. Lyu, KuCoin does not have direct exposure to collapsed LUNA, Three Arrows…
Bitcoin will see ‘long bear market’ says trader with BTC price stuck at $19K
No sign of a significant shift up or down for BTC price, but volume data hints that the bottom could come in weeks or less. Bitcoin (BTC) failed to reclaim…
African celebrities join degens on the journey to the moon
Cryptocurrency is gaining popularity in Africa, and more celebrities are engaging. What are the potential impacts of this new phenomenon? African degens are on a journey to the moon. With…
Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico
Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican…
Study: AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020
The latest data from Cryptocompare shows that assets under management (AUM) of crypto investment products reached record lows during the month of June. The data also shows 21 Shares Short…
NFT hype evidently dead as daily sales in June 2022 dip to one-year lows
The NFT boom was supported by a healthy and bullish crypto ecosystem and positive investor sentiment. However, Bitcoin’s bear market had an adverse impact on the crypto ecosystem. Nonfungible tokens…
The decoupling manifesto: Mapping the next phase of the crypto journey
The narratives that have propelled crypto to its current status have reached the limits of their influence. It’s time to rethink how to pitch crypto to a broader society. A…
MicroStrategy Buys More Bitcoin – Is this a Bottom Signal
MicroStrategy Inc, a business intelligence and software company headed by Michael Saylor, recently made a Bitcoin purchase, at times when the crypto market appears to be on the brink of…