Day: July 1, 2022

Troubled Crypto Hedge Fund 3AC Reprimanded by Singapore’s Monetary Authority, Liquidators Eye Su Zhu’s Properties – Bitcoin News

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On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC co-founder Su Zhu and his wife. Monetary Authority of Singapore Accuses 3AC of Misleading Regulators and Exceeding AUM limits The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, seems to be…

who’s hiring and who’s firing in the crypto space

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Amid the recent volatility in the crypto market affecting investments and stock prices, many firms made significant staff cuts in the last month while others continued hiring. In June, major crypto exchange Gemini was among the first to reportedly cut 10% of its employees amid the bear market, saying conditions were “likely to persist for some time.” Coinbase and Crypto.com followed, announcing plans to reduce staff by 18% and 5%, respectively. Coinbase CEO Brian Armstrong also cited the so-called crypto winter as part of the reason for the cuts, but…

June gloom takes on a new meaning in another 2022 down month

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The market cap of Bitcoin (BTC) dropped another 33% in June, which is now beginning to numb the Twitter community. On the upside, many crypto traders who wanted out did so fairly aggressively from March to May. But, the less optimistic news is that the stagnancy in address activity may need to change for prices to get a running start on recovery. Unlike April and May, the altcoin pack didn’t struggle tremendously more than Bitcoin. BTC’s 33% drop was pretty middle of the road in terms of corrections. In a…

New Bitcoin Record Paints Incredibly Bearish Picture As BTC Struggles At $19,000

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Bitcoin has been setting new record trends with the bear market. This follows a bull market that had also deviated largely from its predecessors, so it comes as no surprise that the subsequent near market mirrored this behavior. Various new trends in bitcoin’s movement have cemented a bearish picture for the digital asset, and the latest in the line of records has only done more to cement this sentiment. Worse Quarterly Close In More Than A Decade Bitcoin has been in existence for about 13 years and in that time,…

Core Everscale Developers Broxus to Host Elysium Hackathon in Belgrade and Online – Press release Bitcoin News

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press release PRESS RELEASE. Broxus, the core development team behind many of the platforms that make up the Everscale network ecosystem, will be hosting its first-ever hackathon in Belgrade, Serbia from July 14-17. The hackathon is the latest development in what has been a remarkable 2022 for the Everscale network. Everscale started off the year with its inaugural EVERPOINT Conference in Bali, Indonesia. The conference was a celebration marking the network’s second anniversary as well as its full-fledged expansion into the Asian market. Since EVERPOINT, Everscale’s growth has only increased.…

Bitcoin Technical Analysis for December 29, 2021 – BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join this channel to get access to perks: Bitcoin Playlist: Subscribe and ring the bell to get notified when I post a video! Social Media Twitter: Telegram : Instagram : _________________________________________________ Disclaimer: I am not a financial advisor. This YouTube channel is intended for educational purposes only. Financial trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to trade the financial markets. This YouTube channel is…

Bear market? “So what,” says World Chess Champion Garry Kasparov

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Garry Kasparov, the Russian chess grandmaster and chair of the Human Rights Foundation, doesn’t appear at all bothered by the current crypto bear market. Kasparov, who is also a long-time Bitcoin supporter, told Cointelegraph during Consensus 2022 “so what” in regards to his thoughts on the bear market. Kasparov added that he thinks 99% of all coins are “crap,” yet he expressed that both Bitcoin (BTC) and Ethereum (ETH) are already integrated into traditional financial markets due to recent price fluctuations. He said: “They’ll lose a bit more, but they’ll…

Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry

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Former hedge fund manager Michael Burry made another bearish prediction for Bitcoin and traditional equities. Renowned for his short position which preceded the U.S. housing market crash, and one of the periods in recent economic history for the world, Burry believes more pain for BTC’s price is ahead. Related Reading | Shiba Inu (SHIB) Shines Green In Pool Of Crimson – Who’s Buying? Currently, Bitcoin is trading at $19,400 with an 8% loss in the past 7 days. The cryptocurrency was moving sideways around its 2017 all-time high levels, $20,000, but…

Swappi (PPI) Announces First Exchange Listing on BitMart

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July 1, 2022 – New York, New York PPI, the native token of Swappi, is now available for trading on global crypto exchange BitMart. Swappi, an AMM-based decentralized exchange (DEX) deployed on Conflux eSpace, today announced its first exchange listing on BitMart. Swappi’s native token PPI is now available for trading on BitMart, a leading crypto exchange with millions of users globally. As the first exchange to list Swappi, BitMart lets users trade the PPI/USDT pair. Swappi was the first DEX to launch on eSpace, an EVM-compatible smart contract execution environment…