Celsius to distribute additional $127M from ‘Litigation Recovery Account’
The debtor’s estate for the failed crypto lending platform announced a second payment of $127 million to creditors, but some are still unhappy with the result.
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Operator of Hacked Crypto Exchange Zaif Gets Third Warning From Japan’s Watchdog
Japan's Financial Services Agency (FSA) has issued a third business improvement order to the owner of hacked crypto exchange Zaif, Tech Bureau. The news was reported by Cointelegraph Japan today, September 25.As previously reported, as a result of a security breach on the Zaif exchange September 14, hackers succeeded in stealing 6.7 billion yen ($59.7…
Bitcoin Price Volatile 24 Hours Before Halving, Key Indicators Bullish
With Bitcoin’s (BTC) third mining rewards halving just over 24 hours away, mainstream market hype surrounding the event has grown exponentially, especially after balancing on the $10K threshold for some time. On May 9, BTC dropped to the $8,100 mark before making a small recovery to around $8,800.Nevertheless, the fact that BTC has overall been…
‘DeFi Education Fund’ defends controversial $10.2M UNI liquidation
The DeFi Education Fund (DEF), an organization funded by Uniswap to spearhead lobbying and educational initiatives in support of the decentralized finance sector, has defended its sudden move to liquidate half of its UNI treasury earlier this week.The organization said it needed to convert the funds into stable assets to weather crypto market volatility.In May,…
Bitcoin price returns to $16K amid warning over BTC whale selling
Bitcoin (BTC) headed higher into the Nov. 22 Wall Street open after setting another two-year low.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewThanksgiving buywall appears at $12,000Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recrossed the $16,000 mark, having set lows of $15,480 on Bitstamp.Momentum took the pair to $16,189 before consolidating, marking…
Record $6.5B futures open interest signals traders are bullish on Ethereum
The open interest on Ethereum futures hit a record $6.5 billion as ETH rallied to $1,750 and traders increased their leverage. 404 Total views 9 Total shares Ether (ETH) price has rallied by 33% over the last five days and data shows that as this occurred some buyers began to use excessive leverage. Although this is…
Stock-to-flow creator doesn’t think Bitcoin’s bull market is done
Is Bitcoin's macro upward journey over? PlanB says no. 1965 Total views 9 Total shares Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however. “IMO we are only ~4…
Crypto Council for Innovation CEO Sheila Warren steps down
Sheila Warren, CEO of the crypto advocacy group Crypto Council for Innovation, announced her decision to step down just a month before the Trump administration takes office.
Grayscale: Bitcoin Gained 47% in US-China Trade War Drawdown
Bitcoin (BTC) vastly outperformed traditional wealth preservation assets during the United States-China trade war, American digital asset manager Grayscale confirmed in research published on June 11.Updating “Hedging Global Liquidity Risk with Bitcoin” — a report originally from 2016 — Grayscale noted that bitcoin gained 47% in the period from May 5-31. The next best-performing asset,…