ZachXBT criticizes Irene Zhao’s new memecoin amid past failures
The crypto community remains divided as Zhao attempts to clarify her past actions and emphasize her commitment to transparency and accountability in future endeavors.
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Hodlnaut now placed under creditor protection after freezing withdrawals
Hodlnaut froze withdrawals and all other services on its platform on Aug. 8, citing a liquidity crisis and turbulent market conditions. 239 Total views 5 Total shares Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Aug. 29.The court orders came three…
Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes
Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%.The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session's open. Meanwhile, the drop came as a part of a bigger downside move…
Swiss Stock Exchange SIX Lists Physically-Backed Bitcoin ETP
Nasdaq-listed WisdomTree has launched a physically-backed Bitcoin exchange-traded product (ETP) to be listed on Switzerland's principal stock exchange, SIX Swiss Exchange.In a news release published on Dec. 3, the asset manager revealed that online Swiss bank Swissquote will serve as a custody partner for the product, which is being listed at a total expense ratio…
Crypto Markets Show Signs of Recovery, While Oil Prices Slump
Friday, May 31 — cryptocurrencies are on the rise again after seeing a slight correction yesterday, May 30, with EOS (EOS) being the only coin among the top-20 cryptocurrencies to register double-digit gains.Market visualization by Coin360The leading digital currency bitcoin (BTC) is up slightly over 3% on the day, and is trading at $8,573 at…
Grayscale ‘100% committed’ to turning GBTC into Bitcoin ETF — CEO
Bitcoin is just a “couple of points of maturation” away from getting an approved ETF in the U.S., says Grayscale CEO. 834 Total views 7 Total shares The head of crypto investment giant Grayscale believes that only a “couple of maturation points” separate the United States from its first Bitcoin (BTC) exchange-traded fund (ETF).Speaking to…
Ethereum layer-two developer StarkWare valued at $2B following $50M raise
Sequoia Capital led zk-Rollup protocol StarkWare’s Series C funding round. 893 Total views 33 Total shares Israel-based StarkWare announced on Tuesday via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven…
Crypto VC Polychain Capital confirms founder’s X account hacked
Polychain Capital is urging users to stay away from the X account of its founder, Olaf Carlson-Wee, as it is posting phishing links. Crypto venture capital firm Polychain Capital has confirmed the X (formerly Twitter) account of its founder and CEO Olaf Carlson-Wee has been compromised, with the hacker posting phishing links disguised as a
Post-Hack, Binance Plans to Re-open Withdrawals and Deposits Tomorrow
Changpeng Zhao (CZ), CEO of major crypto exchange Binance, has announced that the platform plans to fully resume deposits and withdrawals tomorrow. CZ made the announcement in a security incident update published on May 12.As reported, Binance had suspended deposits and withdrawals as it worked to rehaul its security systems in the aftermath of a…