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 […]
Austrian exchange Bitpanda cuts almost a third of its workforce as it battens down the hatches for an unpredictable crypto winter. The company, which boasts investments from Alan Howard and Peter Thiel’s Valar Ventures, said […]
Loans taken out by crypto mining companies against mining ASICs are under pressure as ASICs drop in value, making the loans challenging to repay and posing significant risks to lenders. While no ASIC-based borrowers have […]
MetaFight is an exciting new entertainment company bringing a mixed martial arts (MMA) trading card game to the metaverse. Players of MetaFight become Managers of their own MMA gym. Using NFTs featuring MMA’s most exciting […]
Key Takeaways BlockFi is increasing its interest rates on BTC, ETH, and stablecoins. The company claims the rise in rates is made possible by its effective risk management strategies, decreasing market competition and changing macroeconomic […]
Solana Mobile has just released an Android phone that lets potentially billions of users get connected on Web3. Solana Mobile is a subsidiary of Solana Labs, a creator of open-source software, and a contributor to […]
The Sydney-based Bitcoin miner Iris Energy, with sites in British Columbia, Canada, is deploying additional capital to improve its contribution to the global bitcoin hash rate. The mining company is investing in new equipment to […]
Canadian crypto mining giant Bitfarms has reneged on its hodling strategy and is instead selling 3,000 bitcoins for $62 million amid a recent market rout squeezing miners’ profitability. The CFO of Bitfarms, Jeff Lucas, said […]
Key Takeaways ProShares will launch the first Bitcoin short ETF on Jun. 21. The ETF will allow investors to hedge their crypto holdings or potentially profit from Bitcoin price drops. Bitcoin is currently trading 70% […]
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