Month: June 2022

Voyager’s 60% share price plunge leads sea of red for crypto stocks

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A 60% plunge of Voyager Digital’s (VYGVF) share price since it disclosed its Three Arrows Capital (3AC) exposure has been accompanied by further falls in crypto industry stocks. According to data from trading view, VYGVF plunged as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day. The sharp drop followed Voyager Digital disclosing that the potentially insolvent Three Arrows Capital (3AC) owes the company 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) worth around roughly…

Cardano Vasil Hard Fork Postponed to Allow for More Testing – Blockchain Bitcoin News

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A The Input-Output Global (IOG) team has said it will postpone sending the Vasil hard fork update proposal because it still needs to solve seven outstanding bugs that are currently ranked as non-severe. While acknowledging that the news will likely be disappointing for some, the IOG team insisted it was “taking an abundance of caution to ensure that we do this deployment correctly.” More Time Needed The core Input-Output Global (IOG) team working to facilitate a Cardano Testnet upgrade announced recently that it had “agreed” to delay sending the Vasil…

A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

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Thailand-based metaverse startup Translucia Global Innovation has partnered with the Australian software development firm Two Bulls and set aside an initial budget of $100 million to build a Metaverse Research and Development Center (MRDC) in Melbourne. Translucia is a subsidiary of art and entertainment company T&B Media Global, which in October 2021, launched its Translucia Metaverse project, with a first-stage investment of $283 million for the virtual world. Now, T&B are partnering with Two Bulls to build the MRDC to bring the project to life with a slated soft launch for…

Michael Saylor – EVERYONE Will Start To Lose… BIG Trouble For Most | Bitcoin News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor – EVERYONE Will Start To Lose… BIG Trouble For Most | Bitcoin News Michael Saylor is an American entrepreneur and the CEO of Microstrategy. He is one of the most well-known figures in the Bitcoin community. He knows everything there is to know about selling Bitcoin, and the most recent Bitcoin crash. He’ll go over why Microstrategy recently wiped $4 Billion in profits off of their balance sheet. Michael Saylor still thinks Bitcoin is the greatest asset in human history,…

Top Decentralized Stablecoin Alternatives to USTC (Formerly UST)

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The recent cataclysmic crash of the Terra Classic (LUNC; formerly LUNA) left several people bankrupt. South Korean officials reported 8 confirmed suicides due to this blow. Stablecoins emerged as a way for cryptocurrency investors to park their funds to escape from volatility. USTC (formerly UST) was among the largest stablecoins by market cap and the single largest stablecoin on the Cosmos blockchain. This is not the first time an algorithmic stablecoin fell below the point of recovery. So much so that the head of the IMF even suggested that stablecoins…

What Could Trigger Sharp Decline

Ethereum is struggling below the $1,100 zone against the US Dollar. ETH could gain bearish momentum if it breaks the $1,030 support zone. Ethereum is facing resistance near the $1,100 and $1,120 levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline heavily if there is a clear move below the $1,030 and $1,000 levels. Ethereum Price Faces Hurdles…

LBank Exchange Continues to Hire Amid the Massive Crypto Job Cuts – Press release Bitcoin News

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press release PRESS RELEASE. Cryptocurrency exchange LBank has continued to hire more crypto and blockchain talents as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto market and investors dumping risky assets, as well as certain crypto firms laying off employees and freezing withdrawals, LBank makes a move in the right lines. At the moment, the exchange is hiring from all parts of the world including Indonesia, Philippines, Morocco, Turkey, Nigeria, India, etc., to add to its team members located in over 14…

Free Bitcoin (BTC) Mining Site Without Investment! (Earn 100% Legit!)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video is a free Bitcoin (btc) mining site to mine & earn free Bitcoin without investment and it is 100% Legit. You can also mine free Dogecoin. You can also mine free Litecoin. You can also mine free Ada (cardano). Aside from mining free Bitcoin. You can also earn free Bitcoin by doing task such as: Joining contest to earn free Bitcoin. Completing achievements to earn free Bitcoin. Completing challenges to earn free Bitcoin. Viewing sites to earn free Bitcoin…

Voyager Digital Plunges on Three Arrows Exposure, Analyst Downgrade

“The 3AC exposure raises survivability questions for VOYG,” Chris Allen, an analyst with boutique investment bank Compass Point said in a note to clients Wednesday. “With 3AC contemplating asset sales or a rescue by another firm , it is unclear if the fund will be able to repay its outstanding loans and even if it somehow has the capacity to do so, we would expect it to take an extended amount of time.” Allen has a neutral rating on Voyager’s shares along with a price target of $6 (C$8). Source…

Solana Falls Below $35.60, Where Is The Coin Headed Next?

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Solana over the last 24 hours registered a loss of 7% and fell below the $35.50 price mark. The bears have mauled the cryptocurrency market and overall altcoins have fallen on their charts. Solana also is under the bearish price action despite registering minor gains on the hourly chart. Despite the gain, bears will try to hinder the price movement as technical outlook painted a negative picture. Bitcoin continues to remain close to the $20,000 mark while other market movers also keep struggling at the time of writing. The altcoin…