Popular memecoin project Shiba Inu (SHIB) is dreaming big. The project’s developers recently announced the upcoming release of the Shi stablecoin. Like most stablecoins, the Shi stablecoin will be peg...
Tag: Investor
SEC Working to Register Crypto Lending Providers Under Securities Laws
The United States Securities and Exchange Commission (SEC) is working to register crypto lending firms under regulatory purview if they operate like investment companies, according to SEC chair Gary G...
Liquidators Recover Only $40M of Reported $2.8B Owed by Three Arrows Capital
Liquidators of now-bankrupt crypto hedge fund Three Arrows Capital (3AC) have recovered assets worth around $40 million from the company, Bloomberg reported on Thursday. The figure represents only a s...
US SEC Chairman Says He Is Neutral About Crypto But Not About Investor Protection
– Advertisement – SEC Chair Gary Gensler talks about his position in regard to crypto technology and the risks involved in their investments. For years, cryptocurrencies have amassed a m...
Finland Generates $47.5 Million From Sales of Confisticated Bitcoin
Finland has sold off 1,889.1 bitcoins worth around 46.5 million euros ($47.5 million) amidst market turmoil, Bloomberg reported on Thursday. The liquidated crypto assets were seized by the Finnish Cus...
South Korean Government Postpones 20% Taxation on Crypto Assets Till 2025
The South Korean government announced Thursday the suspension of the 20% tax imposed on crypto incomes set within the limit of 2.5 million won ($1,942.20) till January 2025, citing “the lack of an inv...
Scaramucci Facing Investor Exodus Amid Crypto Crash
Alex Dovbnya Investment firm SkyBridge Capital is losing plenty of investor money due to poor performance SkyBridge Capital, an investment firm run by prominent American financier Anthony Scaramucci, ...
Crypto Exchange KuCoin Secures $10 Million Strategic Investment From SIG
Popular cryptocurrency exchange KuCoin announced Thursday that it had signed a partnership with Susquehanna International Group (SIG), a leading global quantitative trading company. KuCoin Secures $1...
Electric Car Maker Tesla Dumped $936 Million Worth of Bitcoins in Q2
The world’s largest electric car manufacturer, Tesla Inc., on Wednesday, released its second quarter (Q2) financial earnings report revealing the sale of 75% of its total bitcoin worth billions of dol...
South Korean Prosecutors Raid Upbit and Other Local Crypto Exchanges Over Terra’s Crash
A group of investigators from the Seoul Southern District Prosecutors Office raided local crypto exchanges on Wednesday in an ongoing investigation into the infamous Terra Luna crash, Yonhap News Agen...
Crypto Exchange FTX Reportedly Plans to Raise Fresh Funds After Acquisition Spree
Sam Bankman-Fried’s cryptocurrency exchange FTX is planning to raise fresh funds after its recent acquisition spree amidst the crypto bear market, Bloomberg reported Wednesday, citing people familiar ...
Crypto Exchange Zipmex Suspends Withdrawals Amid Crypto Winter
Singapore-based crypto exchange Zipmex has just announced a pause in the withdrawals of users’ funds till further notice. Zipmex Halts Withdrawals The company noted in the announcement that the move w...
Polygon Rolls Out Ethereum-Equivalent Zero-Knowledge Scaling Solution
Polygon, a leading Ethereum blockchain scaling solution and web3 infrastructure, announced Wednesday the launch of its Zero-Knowledge Ethereum Virtual Machine (Polygon zkEVM). According to the offici...
Crypto May Become ‘Outlawed’—Billionaire Investor Issues Stark Crypto Prediction As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Dogecoin Rebound
After a rollercoaster-y start to July, crypto casts another glimmer of hope. The price of bitcoin jumped 11.3% while the ethereum price skyrocketed a mind-boggling 45.1% over the past week. Meanwhile,...
Scaramucci’s Firm Pauses Investor Redemptions for Fund With Bitcoin, Ethereum Exposure
Legion Strategies, a hedge fund affiliated with Anthony Scaramucci’s Skybridge Capital, has halted investor redemptions, according to a Bloomberg report citing people familiar with the decision....
Crypto May Become ‘Outlawed’—Billionaire Investor Issues Stark Crypto Prediction As Rice Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Dogecoin Rebound
After a rollercoaster-y start to July, crypto casts another glimmer of hope. The price of bitcoin jumped 11.3% while the ethereum price skyrocketed a mind-boggling 45.1% over the past week. Meanwhile,...
Celsius Had Internal Issues Years Ahead of Bankruptcy, Former Employees Reveal
According to former employees of Celsius and internal documents reviewed by CNBC, the cryptocurrency lending company had internal issues years ahead of its bankruptcy filing. Celsius Allegedly Had Int...
Bitcoin Breaks Above $23K as Investor Fears Recede
At the moment, bitcoin traders appear to be taking the shift lightly, as BTC prices are up 3.93% intraday. In our view, few U.S. data points exist between now and the July 27 meeting that are likely t...
BofA Survey Shows Full Investor Capitulation Amid Pessimism
(Bloomberg) — Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation amid a “dire” economic outlook, according ...
Crypto Investors Lost $42 Million to Fake Apps in 7 Months
The United States Federal Bureau of Investigation (FBI) has warned financial institutions and crypto traders about the increasing growth of fake crypto investment apps. Fraudulent Crypto Apps Defraud...
Billionaire investor Ken Langone names ‘3 most powerful things in business’
Billionaire investor and philanthropist Ken Langone on Monday detailed three core business principles he’s believed in during his career, suggesting they’ve been instrumental in building s...
Bitcoin S2F Model Creator Predicts $30k Bitcoin Price in September 2022
Dutch analyst PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) prediction model, has just shared a new prediction, noting that BTC will reclaim $30,000 by September 2022 if the cryptocurrency con...
Coinbase Secures Operational License in Italy Amid European Expansion
Leading cryptocurrency exchange Coinbase announced Monday that it has received approval from the Italian government to operate as a crypto service provider in the region. The United States-based crypt...
Binance Fined $3.3M By Dutch Central Bank
Leading cryptocurrency exchange Binance has been fined 3.32 million euros ($3.35 million) by De Nederlandsche Bank NV (DNB), the central bank of the Netherlands, for offering crypto services in the co...
SOL Climbs Above $40 for the First Time in Fourteen Days
Solana saw a lot of volatility during the previous week. One clear indication of this is its highs and lows over the last seven days. Although the week started slow, it picked up momentum as it progre...
Bear Market Not Over Yet, Crypto Investor Lark Davis Joins Peter Brandt To Call For Caution As Cryptocurrencies Rally
– Advertisement – Lark Davis says we are still in a bear market. In a tweet on Monday, popular crypto investor Lark Davis warns that we are still in a bear market despite the latest cryp...
Uniswap Retains Nearly 60% of DEX Trading Amid Volume Slump
Cryptocurrency analytics platform CoinGecko revealed in its recently released second-quarter (Q2) report for 2022 that the top decentralized exchanges (DEX) existing on various networks have generally...
Celsius Network Users May Face Prolonged Waiting Time Over Repayment: Report
A new report has revealed that users of troubled crypto lending platform Celsius may have to wait a long time to access their funds frozen on the platform. Recall that the firm had filed for voluntary...
Voyager Asks Court to Fulfill Customers’ Withdrawals From Metropolitan Commercial Bank
According to a July 14 court filing, troubled crypto brokerage firm Voyager Digital has asked the New York bankruptcy court to honor customer withdrawals for more than $350 million held by Metropolita...
Crypto Mixer Usage Hits All Time-High as Crypto Crimes Surge: Report
Cryptocurrency mixing platforms, also known as tumblers, have been experiencing increased usage from individuals who wish to obscure the origin of their funds, blockchain analytics firm Chainalysis sa...
Porsche’s Luxury IPO Pitch Meets Investor Concern Over Valuation
(Bloomberg) — Porsche is pitching its initial public offering as a chance to invest in a company that combines the best of carmaking rivals like Ferrari NV and luxury brands such as Louis Vuitto...