Celsius’ crypto faithful have a plan to avoid bankruptcy

An internal storm is brewing at crypto lender Celsius over its potential plans to file for bankruptcy, with some involved in the talks instead pushing to tap its customer base for support. The strain at the beleaguered firm — which hired restructuring consultants from advisory firm Alvarez & Marsal to help with a possible bankruptcy filing, the … Baca Selengkapnya

Three Arrows hedge fund has defaulted on $675m crypto loan, broker Voyager Digital says

Crypto broker Voyager Digital said that hedge fund Three Arrows Capital had defaulted, failing to make loan payments tied to large bets in the digital-currency realm. Three Arrows had borrowed $675m from Voyager Digital in the form of 15,250 bitcoin and $350m in USD Coin, a stablecoin whose value is pegged to the dollar. Voyager had previously said … Baca Selengkapnya

Binance CEO says the worst of the crypto crash ‘is probably over’

“‘I think the worst part is probably over. We’ve seen a pretty sharp drop.’” That’s Changpeng Zhao, CEO of cryptocurrency exchange Binance, discussing the recent skid in crypto prices, which some are labeling a full-scale crash. Zhao’s comments were documented by Coindesk crypto writer Sandali Handagama. The event had not released video of the panel … Baca Selengkapnya

Does Crypto Put In Danger The Global Payment Systems?

Fast and simple payments are only two of the many advantages that crypto assets provide. Financial services that are cutting-edge in nature, access to previously “unbanked” regions of the globe – the crypto-ecosystem enables all of this. However, it should be stated that apart from the benefits that are typical of digital assets, they are … Baca Selengkapnya

‘There’s no safe haven anywhere’: Crypto swindles are rampant. Will the crypto crash make them worse?

It started a cryptocurrency investing opportunity that slid into George Kissi’s direct messages in late April. It’s ending with a bitcoin loss of almost $20,000 that the self-declared “risk taker” from Dublin, Ohio calls “a total scam.” “I don’t know why I fell for that, other than greed,” Kissi, 49, told MarketWatch. When you have … Baca Selengkapnya

Bankers who quit for crypto have no regrets amid meltdown: ‘I have never looked back, not one day’

Bankers quitting mainstream finance to capitalise on the boom in digital assets have instead been greeted with a new “crypto winter”. Former staff at JPMorgan, Goldman Sachs and Citigroup have been among those hit as crypto exchange Coinbase cut 1,100 roles and rescinded 300 job offers, while Gemini, Crypto.com and BlockFi have also cut back … Baca Selengkapnya

Amundi and PGIM warn of crypto winter: ‘This crash feels different’

Cryptocurrency traders are bracing for more turmoil after a market meltdown claimed more than 1,000 jobs and put the industry on the brink of a ‘crypto winter’. Investors were left hoping for some respite after bitcoin plunged last week to lows not seen since 2020, lending platforms Celsius and Babel froze withdrawals and crypto exchange Coinbase … Baca Selengkapnya

Crypto lobbyist donated £500k to Conservatives before UK’s ‘crypto hub’ move

The Conservative party received a £500,000 donation from a British crypto investor two months before the government pledged to make the UK “the very best place in the world” to build crypto businesses. Christopher Harborne, a Thailand-based businessman, made the payment on 9 February. The government two months later announced its intention to turn the … Baca Selengkapnya

What happened Friday | interest.co.nz

Here are the key things you need to know before you leave work today (or if you already work from home, before you shutdown your laptop). MORTGAGE RATE CHANGESNo changes announced today so far. TERM DEPOSIT RATE CHANGESNone so far here either. IN MODERATE HEALTHFactories expanded a tad faster in May than April, built on … Baca Selengkapnya

Shorting crypto stocks has led to ‘substantial’ paper gains, but it’s getting harder to join in on the trend

The short selling of cryptocurrency-related stocks has yielded “substantial” mark-to-market profits this year, but those looking to get in on the action may have more trouble doing so going forward. Short sellers in a basket of 15 crypto stocks including Coinbase Global Inc. COIN, +8.07%, MicroStrategy Inc. MSTR, +9.92%, and crypto miners like Marathon Digital … Baca Selengkapnya