A total of 2,319 bitcoin and 31,177 ether, or US$80 million, is the debt from Derebit trading accounts that triggered the liquidation of Three Arrow Capital, the once mighty crypto hedge fund that had nearly $10 billion under management, according to a court document filed in the British Virgin Islands (BVI). Original
Bitcoin miner revenues have been in decline since the bear trend began and this has led a good number of miners to sell their BTC holdings in order to keep their operations afloat. However, the expectation that the bear market would soon resolve and miners would once again be in the green has since gone out the window. With miner revenues continuing to plummet, miners may have to resume selling off their holdings to keep up with the market. Miner Revenues Fall For the past week, there has been no…
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Belgian-born Bitcoin Core developer, Peter Wuille is scaling back his contributions to Bitcoin Core. Nevertheless, he will continue contributing code to the project and remains a key player in the Bitcoin ecosystem, given both his influence in the Bitcoin community and his role at Chaincode Labs. Source
Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games. The American firm announced the launch of Konvoy Fund III, with $150 million in capital that it plans to invest in a variety of platforms and technologies in the global gaming sector. According to Bloomberg, up to 30% ($45 million) of the fund will be allocated to the crypto and blockchain gaming space. Konvoy is no stranger to the world of cryptocurrencies and blockchain-based games. The firm boasts an…
The roughed-up crypto lender froze withdrawals last month and later said it was exploring restructuring options. Source
Book of Aztec unleashes the power of luck, and dishes out a massive 5,000x multiplier! A 3 Bitcoin Jackpot Was Awarded From a Small Bet of 0.0006 Bitcoin When it rains, it pours – but it’s pouring money, or more precisely bitcoin (BTC), for this lucky player on our crypto casino! We reported earlier in March ‘21 that a lucky player has bagged not one but two epic wins within minutes of each other. The consecutive wins worth more than $175,000 came on a popular slot game ‘The Dog House…
Marathon bought $150 million of bitcoin with a NYDIG fund in January of 2021. Original
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Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptcy Tuesday. This could mean additional consequences for Voyager Digital. Voyager Digital filed for bankruptcy under Chapter 11, citing debts of up to $10 billion to 100,000 creditors in a crisis brought on after Singaporean hedge fund Three Arrows Capital (3AC) default on a loan of 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) a week earlier. According to…