Panic seller loses $222K in AAVE amid market fluctuation
A crypto investor’s AAVE panic sale incurs a significant loss, underscoring the risks of emotional trading strategies in uncertain markets.
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Stockholm IT Ventures AB Subsidiary Partners With Valens Bank for “Crypto Fund Trading”
Stockholm IT Ventures AB (SITV), a Swedish company specializing in cryptocurrency and blockchain technology, has announced its subsidiary has finalized a software license agreement with Valens Bank, according to the official August 22 press release. The agreement between Blocktrade Technology Ltd. (BTT), a subsidiary of SITV, and the German Valens Bank will allow the “multi-currency…
JPMorgan Will Pilot ‘JPM Coin’ Stablecoin by End of 2019: Report
The United States' largest bank, JPMorgan Chase (JPM), is expecting to pilot its own cryptocurrency JPM Coin by the end of 2019, according to a Bloomberg report on June 25.Umar Farooq, head of digital treasury services and blockchain at JPMorgan, has revealed the company’s intention to launch pilot testing of JPM Coin with selected clients…
FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy
FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its affiliates. 177 Total views 4 Total shares Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly
Bitcoin slides below $44K in April first as trader warns ‘something is off’ with BTC
Bitcoin (BTC) continued its downturn into Wednesday's Wall Street open with its first test of $44,000 since the start of April.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price posts near two-week lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching 12-day lows of $43,801 on Bitstamp, down over 7% from the month's high.The move defied…
Bitcoin Price Above $11.5K as Key BTC Price Metric Suggests $12K Retest
Today Bitcoin (BTC) price rebounded from its recent low at $11,125 on Aug 11 to $11,617. This suggests traders are turning optimistic as key data show a significant amount of liquidity for BTC until $12,000.Cryptocurrency daily market performance snapshot. Source: Coin360As BTC price rallied, many major altcoins surged in tandem. Chainlink (LINK), which has seen…
Downfall of Canada’s Lambo driving ‘Crypto King’ reportedly sees $35M in losses
A self-styled 23-year-old 'Crypto King' is facing a raft of demands among 140 of his investors as they try to claw back a collective total of $35 million from his company AP Private Equity Limited.According to a Sept. 20 CBC report, creditors are hard at work trying to unravel where all the money they allegedly…
Enterprises should seek partners and solutions during the crypto winter: Paxos report
“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said. 902 Total views 7 Total shares Own this piece of history Collect this article as an NFTBlockchain infrastructure provider Paxos has recently published a report, that aims at helping the community look beyond the crypto…
Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hash rate increases
Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.The CBECI was launched in July 2019 in an effort to provide reliable data-driven insights to questions about Bitcoin mining’s energy-intensive nature