Hashed CEO Simon Seojoon Kim disclosed in a Bloomberg interview that the VC firm lost more than $3 billion from its investment in LUNA after it crashed in May 2022. Hashed bought about 30 million LUNA...
Tag: Collapse
CoinShares reveals loss in second-quarter earnings driven in part by UST collapse
Digital asset manager CoinShares reported losses in the second quarter as the firm suffered over $21 million in losses following the de-pegging and subsequent collapse of TerraUSD (UST). Adjusted earn...
Early Terra (LUNA) Investor Reveals $3,600,000,000 Loss Following Historic Crypto Collapse: Report
A crypto investor who got in early to Terra (LUNA) is reporting staggering losses in the billions. According to a new report by Bloomberg, Simon Seojoon Kim, a South Korean crypto investor and early L...
Game Industry M&A, Investments Boom In Q2 But IPOs ‘Collapse’
getty Despite 2022’s difficult economic headwinds, the year is again promising to be a good one for video-game dealmaking, with dozens of investments, mergers, and acquisitions happening even as the s...
CoinShares Announces a Loss of Over $21 Million Due to Terra Collapse
Coinshares – the largest digital asset investment group in Europe – has published its quarterly financial report. In it, the company laid out its performance during the past 3 months and its anticipat...
Singapore regulator responds to Terra collapse; plans to involve public in stablecoin regulations
The Monetary Authority of Singapore (MAS) in response to a parliamentary inquiry, shared insights on how the Luna collapse affected the economy and laid out plans to engage the public in its stablecoi...
Majority of US Adults With Income of $50,000 or Less Sold Crypto Holdings During Market Collapse: New Study
A new study shows that US crypto investors falling in the lowest income bracket were the primary group of sellers during the market rout witnessed in recent weeks. The study conducted by consumer insi...
Historically Accurate Indicator Suggests Bitcoin (BTC) About to Rip, Says Analyst Who Called May 2021 Collapse
A closely followed crypto analyst known for calling the May 2021 collapse in Bitcoin (BTC) says that an indicator with a solid track record is suggesting rallies are approaching. The pseudonymous anal...
Blockchain Users Reacted Differently to the Fallout from the Terra Collapse
Three months on and the crypto terrain looks different as the industry trudges forward, bearing the battle scars of the Terra implosion. In May, Terra collapsed, wiping out nearly $50 billion of inves...
Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity
Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulati...
US Economy is on the Brink of Collapse, Analyst Reveals “Best Bets” Amidst Recession
In an interview with Kitco news, the author of ‘The Decentralist’ Max Borders, recently admitted that the US economy is in danger of imploding. Additionally, he disclosed that gold and Bitcoin would ...
Algorithmic stablecoin collapse may crash crypto markets again, says IMF
The Director of Monetary and Capital Markets for the International Monetary Fund (IMF) has warned of further stablecoin failures. In particular, Director Tobias Adrian highlighted the risks of so-call...
US Senator blames SEC for Celsius’ collapse 1
US Senator Pat Tomey has called out the Securities and Exchange Commission over their role in the build-up to investors losing funds deposited on Celsius. The crypto lending platform announced some we...
After Terra (LUNA) Collapse, South Korea Plans To Bring Digital Asset Laws!
Since the Terra (LUNA) has seen its collapse in the month of May 2022, it is under close scrutiny of the South Korean investigation. The team had recently even raided 15 crypto firms that included cry...
Expert Reveals “Best Bets” Against Impending Economic Collapse
In a recent interview with Kitco News, Max Borders, the author of The Decentralist, revealed that the US economy is on the brink of collapse. He also revealed that Bitcoin and Gold are going to be key...
Crypto Firms Reckon With Risk Following Collapse
Crypto should watch its exposure to other markets and let algorithms handle lending, industry experts say “We have seen a significant inflow of crypto companies coming to us asking for risk management...
Nigerians Rush to Buy Bitcoin Amid Economy Collapse (Report)
The crash of Nigeria’s national currency (naira) reportedly pushed many residents to turn to alternative assets such as bitcoin and stablecoins to preserve their wealth. The peer-to-peer exchange Loca...
IMF’s Statements on The Crypto Collapse
IMF believes these crypto collapses are nothing to worry about if we look at financial stability at the global level. The calm shown by IMF is a shock. This is due to various market collapses and mish...
Roger Ver’s Debt Part of the Reason for CoinFLEX’s Collapse: Report
After CoinFLEX made headlines with “Bitcoin Jesus” Roger Ver over a dispute over Ver purportedly failing to pay $47 million in margin calls, Wu Blockchain disclosed more details regarding the collapse...
Tether Finds Stable Dollar Peg After Terra’s Collapse
In other words, tether has passed the market’s stress test, withstanding redemptions in volatile conditions and eventually reclaiming the peg. “The past two months have definitely been a s...
Three Arrows Capital founders miss the mark in first interview since firm’s collapse
In the same week court documents showed that collapsed hedge fund Three Arrows Capital (3AC) owed creditors more than $3.5 billion, an interview given by its founders has sparked outrage among crypto ...
Q2 2022 Cryptocurrency Report Highlights Terra’s Collapse
The 46-page report makes sense of how the Terra UST and LUNA aftermath unleashed destruction on the whole crypto environment and the stablecoin economy 3AC’s financial issues affected at least 12 diff...
Terra (LUNA) Collapse Predicted 4 Years Ago; Check Out This Visionary Statement
Vladislav Sopov Cyrus Younessi, former Head of Risk Management at MakerDAO, predicted Terra (LUNA) drama back in 2018 Contents Terra’s (LUNA) ‘death spiral’ was predicted in 2018 Ter...
Su Zhu and Kyle Davies Finally Speaks About the Collapse of 3AC
During an interview with Bloomberg, Su Zhu, and Kyle Davies, the co-founders of Three Arrows Capital (3AC), the troubled hedge fund broke silence on the happenings that they have experienced in the pa...
KuCoin Crash? 3 BIG Reasons why a KuCoin Collapse might Happen
The year 2022 started on a bad note for the cryptocurrency market. Cryptos tanked by an average of more than 80%. Crypto projects and companies followed, like the Terra Foundation, 3 Arrows Capital, a...
Three Arrows Capital Co-founders Reveal Three Reasons Behind The Firm’s Collapse
The Crypto industry witnessed the fall of several leading crypto firms this crypto winter. Three Arrows Capital or 3AC is one such crypto entity. 3AC went bankrupt due to a significant sell-off in cry...
Q2 2022 Cryptocurrency Report Highlights Terra’s Collapse and Capital Exiting the Crypto Ecosystem – Bitcoin News
On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses the last quarter’s crypt...
After Weeks Of Hiding, 3AC Founders Break Silence, Blame LUNA For Hedge Fund Collapse ⋆ ZyCrypto
Advertisement     Three Arrows Capital has consistently been in the news for unpleasant reasons. The Singapore-based crypto hedge fund defaulted on its enormous loans ...
How To Survive The Stock Market Collapse With PrimeXBT
The US stock market has been in collapse ever since the US Federal Reserve began quantitative tightening and raising interest rates. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq a...
3AC founders reveal ties to Terra founder, blame overconfidence for collapse
The founders of tainted crypto hedge fund Three Arrow Capital (3AC), which filed for bankruptcy in the first week of July, have finally resurfaced after five weeks of no known whereabouts. In an inter...
Cryptocurrency Price Collapse Could Influence Climate Change. But how?
Over the years, the issues surrounding global climate change have been very alarming. Scientists and environmentalists have warned people about the impact of people’s activities in the future if no ch...