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

Layer Three Ventures Announces $30M Web3 Crypto Fund and

SAN FRANCISCO, June 27, 2022 (GLOBE NEWSWIRE) — With strategic and eco-system partners Near Nordic, Klint, and Growth Secrets, the pre-seed fund aims to support utility-focused decentralized applications (Dapps) across a variety of industries. What is Web3?Web3 refers to blockchain technology and its fundamentals as they relate to decentralization and token-based economics. The Layer Three … 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

Three Arrows Capital crypto hedge fund defaults on Voyager loan

Bitcoin rallied to a record high of nearly $69,000 at the height of the 2021 crypto frenzy. In 2022, it’s moved in the opposite direction. Nurphoto | Getty Images Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on … Baca Selengkapnya

El Salvador bitcoin experiment not saving country’s finances

A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022. Alex Pena | Anadolu Agency | Getty Images El Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like President Nayib Bukele hoped it would. The government’s crypto coffers have been cut in half, … 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

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to … Baca Selengkapnya

What’s Happening to The Debate With Cryptos Floundering?

At the time when cryptocurrencies were in a bull run, some argued that they could replace or at least provide an alternative to fiat currencies in the future. Fiat currencies are government-issued currencies that have the backing of the sovereign; cryptocurrencies, on the other hand, are decentralized digital coins or assets that are held together … Baca Selengkapnya

Users of DeFi app Solend block attempt to take over ‘whale’ account

The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Decentralized finance platforms are going to extreme lengths to limit the fallout from a sell-off in cryptocurrencies. Solend, a lending platform built on the Solana blockchain, tried to gain control of its largest account, a so-called “whale” investor that it said … Baca Selengkapnya

What is staked ether (stETH) and why is it causing havoc in crypto?

Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for … Baca Selengkapnya