The founders of bankrupt hedge fund Three Arrows Capital (3AC) have broken their silence after five weeks in hiding, calling the collapse of the fund “regrettable.” Kyle Davies and Su Zhun told Bloomb...
Tag: Collapse
Blockchain.com downsizes by 25% after 3AC collapse
Following the Three Arrows Capital (3AC) fallout, crypto exchange giant Blockchain.com announced the closing of its office in Argentina and letting 150 people go to downsize by 25%. Almost half the la...
Korean Investigators Raid Home Of Terra Co-Founder As Investigation Of Terra Collapse Heats Up
– Advertisement – Daniel Shin comes under scrutiny in the Terra collapse investigation. In a report today, Bloomberg has confirmed that investigators included the home of Terra Co-founde...
Terraform Labs Investigation Intensifies: Seven Crypto Exchanges Linked To Collapse Raided
The South Korean cryptocurrency ecosystem is still experiencing issues because of the Terraform Labs probe. According to reports, the nation’s authorities advanced the probe on Wednesday with their mo...
Prosecutors Raid Exchanges Tied to Terra Collapse
Key Takeaways At least seven cryptocurrency exchanges were raided by South Korean officials today in apparent connection with ongoing investigations into Terraform Labs. Among other legal troubles, th...
A Voyager Customer Says He Is Done With Crypto; Loses $6,900 In Bitcoin After Firm’s Collapse
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Singapore Is Tightening The Noose Around Crypto Regulation Following Recent Collapse Of Big Crypto Firms
– Advertisement – The government of Singapore is introducing more restrictions on crypto-related retail investments. Over the last few weeks, the crypto market has seen some of the large...
Don’t Trust This Crypto Rally, Warns Trader Who Accurately Called 2022 Bitcoin Collapse
A popular analyst who called the crypto price collapse earlier this year isn’t sold on the market’s latest upswing. The pseudonymous trader known as Capo tells his 449,400 Twitter followers that he’s ...
Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’ – Regulation Bitcoin News
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrencies are “very vulnerable to sentiment and prone to collapse.” He urged regulators to “get on w...
Binance CEO says not all algorithmic stablecoins will collapse like TerraUSD (UST)
The Terra algorithmic stablecoin TerraUSD (UST) collapsed in May, causing billions of dollars worth of losses for investors. The collapse lowered investor confidence in algorithmic stablecoins, but th...
Here’s What’s Next for Bitcoin, Ethereum and Cardano, According to Trader Who Predicted 2022 BTC Collapse
A widely followed crypto trader is outlining the path forward for three major digital assets, including Bitcoin (BTC) and Ethereum (ETH). Starting with BTC, pseudonymous crypto trader Capo tells his 4...
Crypto Collapse Pulls Celsius Network Down Into Bankruptcy
Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a s...
Sri Lankan officials maintain crypto snub despite economic collapse
The Central Bank of Sri Lanka (CBSL) reiterated its anti-crypto stance in a new notice dated July 12. It confirmed that no entities are authorized to carry out digital asset activities, warning that u...
Sri Lanka’s Central Bank Keeps Crypto Illegal Amid Economic Collapse
The Central Bank of Sri Lanka (CBSL) has issued a notice on cryptocurrencies reiterating its stance as the country’s economy continues to crumble. On July 12, Sri Lanka’s central bank issued a public ...
Terra projects move to Polygon following LUNA & UST collapse
May 2022 was one of the most eventful months in crypto as it saw a project ranking among the top-ten largest coins by market cap lose its value to $0. The collapse of Terra LUNA and TerraUSD (UST) aff...
3AC collapse throw monkey wrench in Singapore’s crypto endeavors
Asia-Pacific’s crypto hub Singapore is expecting more bailouts like Three Arrows Capital (3AC) and bracing for possible risks in the future. Crypto players in the market expect Singapore to become les...
Terra Projects Flee to Polygon Following the UST-LUNA Collapse
A plethora of NFT projects, devs, and their ecosystems were left stranded in the Terra wreckage. Two months later, almost 50 crypto projects and their coders based on the fallen network have now found...
Terra-based Projects Begin Exodus to Polygon Following Terra Collapse
Around 50 different crypto projects built on the collapsed Terra Network have migrated to Ethereum Layer 2 protocol, Polygon. Some migrated projects, like non-fungible token (NFT) marketplace OnePlane...
Fed Vice Chair Calls for More Crypto Regulation, Notes Terra Collapse
The Federal Reserve vice chair today called on greater crypto regulation, noting that many investors have recently suffered significant losses. In a Friday speech at the Bank of England Conference in...
Oil Prices Bounce Back From Shocking Collapse
Oil markets saw one of the largest single-day declines in history this week, but the realities of supply and demand have since sent prices bouncing higher. Oilprice Alert: This month’s Intellige...
Dogecoin (DOGE) Seen Jumping This Month, Despite Twitter-Musk Deal Collapse
Dogecoin (DOGE) could not muster enough strength on Saturday as the collapse of Elon Musk’s Twitter acquisition crushed hopes for the mainstream acceptance of the coin. After the disclosure, the price...
Analyst Who Called Bitcoin Collapse Issues XRP Warning, Reveals Target for One More Altcoin
The analyst who correctly predicted Bitcoin (BTC) would crash below $30,000 is warning that XRP could drop to its lowest level since 2020. Pseudonymous analyst Capo tells his 433,200 Twitter followers...
Legendary Trader Who Called 2018 Crypto Collapse Issues Bitcoin (BTC) Warning as US Dollar Goes Parabolic
Veteran trader Peter Brandt is issuing traders a warning about a particular Bitcoin (BTC) pattern he’s seeing on the charts. Brandt, who became a well-known crypto analyst after correctly calling Bitc...
Argentina: stablecoin swaps rise due to peso’s collapse
Citizens in Argentina appear to be relying on stablecoins in anticipation of the collapse of the national fiat currency Argentine peso. The main cause of this event is political-economic uncertainty t...
Ripple (XRP) and Cardano (ADA) stand ground in Crypto Collapse – will Mehracki (MKI) too?
Advertisement     Crypto winter 2022 is rough…but let’s look at the bigger picture here. This isn’t the first crypto winter to happen to the market and this isn’t the ...
U.S. and South Korean Officials Meet to Discuss Terra Collapse
Key Takeaways Officials from South Korea and the U.S. met on Tuesday in New York to share information on financial crime. In that meeting, they discussed their investigations of the collapsed stableco...
USA and Korea Join Forces To Investigate Terra (LUNA) Collapse for Potential Financial Crimes: Report
The governments of the United States and South Korea have agreed to investigate the collapse of former top-10 crypto project Terra (LUNA) for potential financial misdoings. According to a new report b...
Crypto Lender Voyager Digital Goes Bankrupt After Three Arrows Collapse
Crypto lender Voyager Digital is the latest domino to fall in the tumultuous market for digital assets. Voyager Digital disclosed on Wednesday that it filed for bankruptcy on Tuesday with the U.S. Ban...
Crypto Analyst Who Accurately Called Massive Bitcoin Collapse Forecasts Ethereum Rally, Updates Outlook on BTC
A crypto strategist who built his huge following with timely Bitcoin calls says he is expecting rallies for both BTC and Ethereum (ETH). Pseudonymous analyst Smart Contracter tells his 208,700 Twitter...
Circle CEO Dismisses Rumors About USDC Stablecoin Collapse
Circle CEO Jeremy Allaire dismisses rumpus about the collapse of USDC stablecoin. Circle is a peer-to-peer payment technology firm. In a Twitter thread published over the weekend, Allaire said he can ...