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News and Articles by Anahit

Three Arrows Capital news

Three Arrows Capital Faces Crisis, Considers Asset Sales


Cryptocurrency hedge fund Three Arrows Capital (3ac) faces a crisis. The company couldn't meet lender demands of margin calls and liquidates its crypto holdings, which increases pressure on the market. According to Wall Street Journal, the company considers asset sales, seeking a bail out. The...

Vitalik Buterin crypto

Vitalik Buterin Doesn't Believe Cryptocurrencies Will Replace Fiat


At VivaTech 2022 Conference, Ethereum co-founder Vitalik Buterin predicted that fiat currencies will continue to be the dominant form of finance and not cryptocurrencies. He said it's unlikely for crypto to overtake traditional currencies. Despite some assumptions that the created global economy...

Elon Musk sued Dogecoin

Elon Musk Sued for $258 B Over Dogecoin Promotion


Business magnate Elon Musk, and his companies Tesla and SpaceX were sued for $258 B by a Degecoin investor, who accused the businessman of operating a pyramid scheme to promote the meme coin. The class action complaint was submitted in federal court in Manhattan. Plaintiff Keith Johnson accused...

Bitcoin addresses

BTC Number of Addresses With 1+ Coins Hit a New All-Time High


Data from the blockchain analytics platform Glassnode shows that the number of addresses holding more than 1 Bitcoin hit a new all-time high of 858,647. This indicator shows that the current price decline is considered as an investment opportunity for many. In the last 7 days, the coin fell by...

Alex Mashinsky Celsius

Celsius CEO Alex Mashinsky Posted About the Issues


On June 12, crypto lending platform Celsius reported stopping all the withdrawals, swaps, and transfers between accounts because of extreme market conditions. The crypto market has experienced volatility and prices fell significantly. An announcement by the company said that the team was taking...

Fed interest rates crypto

Fed Raised Interest Rates By 3/4 Percentage Point, Crypto Responds


Global economies continues to face challenges of price pressures. To bring inflation back down in the US, the Federal Reserve announced raising interest rates. Chair Jerome Powell said in a public report on Wednesday that the Fed raised its policy rate by 3/4 percentage point, which is the highest...

Bill Gates crypto NFTs

Bill Gates Finds NFTs and Cryptos Are Based on Greater Fool Theory


Microsoft co-founder Bill Gates criticized non-fungible tokens and cryptos. At a TechCrunch Talk, the business magnate said he finds that the sector is 100% dependent on greater fool theory. The phrase is used in finance to convey the idea that overvalued assets will grow in price when there are...

SEC crypto exchanges

SEC Starts Investigations Into Insider Trading on Crypto Exchanges


US regulators question whether cryptocurrency exchanges are doing enough to prevent insider trading. To find out, the U.S. Securities and Exchange Commission started investigations. According to a report by FOX Business, at least one large crypto exchange has received a letter requesting info about...

Bank of America crypto survey

BofA Survey Shows 90% of Participants Plan to Buy Crypto


Results of a survey conducted by Bank of America shows there is a high interest in crypto despite the recent fall. 91% of 1000 respondents said they intended to purchase crypto in the coming six months. This was the same percentage as those that had bought crypto in the past six months. There is a...

MicroStrategy shares

MicroStrategy and Other Bitcoin-Related Stocks Plunge


After inflation has set a new record high, risk assets like stocks and cryptos have been seeing a large selloff and price decline. The largest cryptocurrency, Bitcoin fell below $23,000, its lowest in 18 years. Amid the extremely volatile market conditions, a leading crypto lending platform Celsius...

Binance US Terra Luna

Investors Sued Binance.US Over LUNA and UST Sale


Law firm Roche Freedman LLP has filed a class-action lawsuit against the American division of the crypto exchange Binance and its CEO Brian Schroeder on behalf of LUNA and the UST stablecoin investors. According to the 72-page complaint, Binance.US offered unregistered securities to US citizens,...

Binance Bitcoin withdrawals

Binance Temporarily Paused Bitcoin Withdrawals


Binance, the largest crypto exchange by trading volume temporarily paused Bitcoin withdrawals amid the market selloff as the price of the coin fell below $24,000. Binance CEO Changpeng Zhao or CZ announced about the issue on Twitter, saying that it was caused by a stuck transaction which led to a...

JPMorgan DeFi

JPMorgan to Make Trillions of Dollars of Assets Available in DeFi


Leading investment banking company JPMorgan has big plans related to DeFi. During the Consensus 2022 conference, the head of JPMorgan's Onyx Digital Assets, Tyrone Lobban told Coindesk about the goals to provide institutional DeFi solutions, emphasizing the importance of tokenized assets. According...

Bitcoin price below $25,000

Bitcoin Price Falls Below $25 K, The Lowest Level Since Dec. 2020


Global financial markets were shocked another time as the US inflation hit a 40 year high. The annual rate of inflation rose to 8.6%. Reports came on Friday, and led to a sell off of global risk assets such as stocks and cryptos. In the last 7 days, the Bitcoin price fell by around 20.7%, dropping...

DeFi Osmosis hack

Osmosis Hackers Return $2 M After the 5M Exploit


A few days ago, decentralized crypto exchange platform Osmosis was hacked and lost $5 M as a result. Attackers found a bug on Liquidity Pools, and were able to move funds. Osmosis was launched in June 2021 on the Cosmos blockchain. According to data from DeFi Llama, currently the Total Value Locked...

SEC vs Ripple court

SEC vs Ripple: The Court Denies SEC's Motion to Seal


Legal proceedings between the US Securities and Exchange Commission and Ripple continue. A few days ago, the agency submitted a motion to file Ripple's opposition brief under seal. District judge Analisa Torres, however, found sealing the brief fully isn't warranted. Ripple defense lawyer James...

Canada Central Bank Crypto

Canada’s CB Says Regulators Need to Keep Up with the Crypto Growth


A senior official at Canada’s Central Bank said the number of residents who own crypto is growing fast and efforts to regulate the industry need to keep pace with the developments. During an interview with Reuters, the Bank’s Senior Deputy Governor Carolyn Rogers said the area is still small,...

Mastercard NFTs

Mastercard to Enable NFT Buys on Its Network


International payments company Mastercard announced working to unlock NFT trading with the Layer 2 scaling solution ImmutableX, the digital collectibles company Candy Digital, The Sandbox metaverse, the NFT marketplaces Mintable, Spring, Nift Gateway, and crypto payments company MoonPay. In a...

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