FTX billionaire Sam Bankman-Fried is eyeing distressed mining companies as potential acquisitions next after extending a credit line to BlockFi. The CEO of the exchange wants to stem the contagion affecting lenders and borrowers during […]
Key Takeaways KuCoin is rumored to be facing insolvency issues in the fallout from Three Arrows Capital’s collapse. The firm’s CEO has denied the claims, saying that “everything on KuCoin is operating well.” The development […]
The curtain will fall on Meta Platforms’s embattled stablecoin project after a brief run as a tool for money transfers. The social media platform announced that the Novi digital wallet pilot would end on Sept […]
Tangem is envisioning revolutionizing crypto security with its seedless crypto storage system. Cryptocurrency is in a growing frenzy. Digital assets are displaying mass adoption and countries are hopping on the bandwagon to incorporate them. The […]
The majority of crypto users have already heard about the recent Harmony hack through the Horizon Bridge that resulted in a loss of $100M. But did you know that 78M $AAG tokens were retrieved from […]
Key Takeaways BlockFi CEO Zac Prince “100%” denies that the company is being sold for $25 million to FTX. A sale at this price would mark a 99.5% discount for the company, which was valued […]
Teneo Restructuring has been commissioned to manage the liquidation procedure. 3AC has multiple illiquid assets in the form of venture-capital investments in crypto startups and companies. Teneo will attempt to quantify the assets and establish […]
Nomiswap provides a decentralized exchange platform with the lowest fees and a binary referral system. Decentralized exchanges have been rising in demand. With the ability to trade and swap to your favorite crypto, DEX’s are […]
BlockFi CEO, Zac Prince, announced Friday that the crypto lender would increase deposit rates and rescind a policy permitting one free withdrawal per month. This announcement comes after BlockFi had provisionally secured a $250 million […]
Key Takeaways Three Arrows Capital was issued a notice of default by Voyager today. The hedge fund failed to repay its 15,250 BTC and $350 million loan to the crypto exchange; Voyager will now be […]
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