OpenSea has announced a new feature that will automatically hide any suspicious NFT transfers from view on the marketplace to prevent scams. OpenSea, one of the most used NFT marketplaces, has recently been criticized for stolen and plagiarized NFTs. Due to the increase in the number of NFT scams and thefts, the popular NFT marketplace has announced the launch of a new feature which will hide suspicious NFT transactions from view on the marketplace. This new feature will help protect users from falling victim to scams while ensuring that only…
Day: June 15, 2022
Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency – Bitcoin News
According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources say that the 3AC “liquidation totaled at least $400 million” and the hedge fund’s founder Su Zhu tweeted about “communicating with relevant parties” Tuesday evening (ET). ‘Well-Placed Sources’ Say Three Arrows Capital Was Liquidated for at Least $400 Million, Hedge Fund Allegedly Maintains ‘Limited Contact With Its Counter-Parties’ The crypto hedge fund Three Arrows Capital Ltd. founded by Su Zhu…
Fed Announces Biggest Interest Rate Hike in 28 Years; Bitcoin Falls
“Overall economic activity appears to have picked up after edging down in the first quarter,” the Fed statement reads. “Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.” Source
MicroStrategy CEO: No One Has Ever Lost Money Investing in Bitcoin for Four Years
Key takeaways: Michael Saylor has pointed out that anyone who has held onto Bitcoin for four years has never lost money. Mr. Saylor also explained that MicroStrategy had backtested its Bitcoin strategy against alternatives such as gold and the Nasdaq, and it performed 10x better. He also agreed that now could be the best time to buy Bitcoin if your time horizon is ten years. MicroStrategy’s CEO, Michael Saylor, has pointed out that anyone who has held Bitcoin for four years has never lost money. Mr. Saylor shared his Bitcoin…
A Manhattan Landlord Listed His Office Building in ETH as an NFT. Then Its Price Dropped $12M
The owner, Chris Okada, says the building will be relisted in the coming days to adjust for ether’s 40% price drop. Source
Kraken reiterates hiring targets as CEO denounces ‘woke activists’ in corporate culture
On Wednesday, cryptocurrency exchange Kraken announced that it would continue to hire over 500 roles in various departments amid a market downturn. The company’s hiring efforts are in stark contrast to a week of severe layoff announcements from major blockchain firms such as Coinbase, BlockFi, etc. In support of the decision to expand its staff, Kraken said: “We have not adjusted our hiring plan, and we do not intend to make any layoffs. We have over 500 roles to fill during the remainder of the year and believe bear markets…
Reasons Crypto Platform Celsius Appears to Be Insolvent
As “the season of red” continues in the cryptocurrency world, Celsius, a do-it-all fintech app that gives users easy and trusted access to crypto services, as of June 14, appears to be insolvent. This state of insolvency can be attributed to two wrong moves made by the cryptocurrency platform. The first of the moves is when it uses on-chain leverage and the second is using stETH. The stETH move is a problem that came up when the company used an ETH derivative called stETH to pump up its ETH yield…
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Crypto Market In Panic Ahead Of FED Meeting, Will It See Relief?
The crypto market could face more volatility during today’s trading session. The U.S. Federal Reserve is set to host its Federal Open Market Committee (FOMC) meeting and possibly announce a hardline approach to combat inflation. Related Reading | Bitcoin Miners’ Exchange Flow Rises To Seven-Month High Amid Bloodbath Inflation metrics have been at their 40-year high versus the U.S. dollar. Thus, investors expect the financial institution to announce a hawkish monetary policy to try and bring down inflation which has been impacting the crypto market and risk-on assets. At the time…
Bitcoin Plummets but is there More Downside Ahead? – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Despite the Nasdaq bouncing 0.21% yesterday and both the S&P 500 and Nasdaq futures showing gains this morning, Bitcoin continues to plummet. What are the factors contributing to this extreme sell off? Systemic issues in crypto infrastructure companies such as Celsius Celsius are one of the biggest lenders and could potentially become insolvent. The Celsius on-chain liquidity crisis has become healthier over the past 24 hours, as they have added to their collateral across the board for 3 main positions. One…