Month: September 2022

Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement – Bitcoin News

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According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit. Bitgo Seeks Damages From Galaxy Digital for Terminated Merger Agreement On August 16, 2022, Bitcoin.com News reported on billionaire investor Mike Novogratz’s Galaxy Digital terminating the company’s proposed acquisition deal for the crypto asset financial services provider Bitgo. Galaxy…

Compound Treasury to let institutions use digital assets as collateral when borrowing USD or USDC

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Compound Treasury, a cash management solution for institutions powered by the Compound Protocol, announced on Sept.14 that accredited institutions can now borrow USD or USDC with fixed rates starting from 6% APR, using Bitcoin, Ethereum, and supported ERC-20 assets as collateral.  Starting today, to meet the growing demand for liquidity, institutions can now borrow from Compound Treasury, using digital assets as collateral.https://t.co/xgDIep18Qa — Compound Labs (@compoundfinance) September 14, 2022 The Defi-backed company whose notable clients include crypto companies, fintech institutions, and banks, shared that the decision was made in response…

SEC Chair Gensler holds tight to his crypto position in preview of Senate testimony

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United States Securities and Exchange Commission Chairman Gary Gensler is scheduled to testify before the U.S. Senate Committee on Banking, Housing, and Urban Affairs in a hearing titled “Oversight of the U.S. Securities and Exchange Commission” on Sept. 15. The transcript of his speech was released in advance.  Gensler called securities laws a “gold standard” of capital markets. In his 13-page comprehensive discussion of those markets, crypto markets took up about a page and a half, including footnotes. Per a @BankingGOP aide on @GaryGensler Thursday hearing: “Expect @SenToomey and @BankingGOP…

BITCOIN PRONTO PER SCENDERE? Cosa dice la stagionalità

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Ether Trades Relatively Flat Ahead of Ethereum Merge

Despite what often feels like a whirlwind of price movement, ETH’s volatility has narrowed leading into the Merge. Investors should note, however, that historically, diminishing volatility has not always trended in a straight line. ATR spikes in February, May and June were noticeable and could certainly be repeated. Source

Apollo DAO to close vaults on Terra Classic

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Around the same time that a South Korean court issued an arrest warrant for Terra co-founder Do Kwon, Apollo DAO, a decentralized autonomous organization building on the Terra blockchain, said it was closing down its vaults on Terra Classic (LUNC) — formerly Terra (LUNA). The project’s developers wrote:  “Since the collapse of Terra, Apollo has continued to maintain its LP [Liquidity Provider] vaults on Terra Classic; however, due to the low return and high level of required maintenance, it no longer makes sense to support the Terra Classic network.” Apollo…

Bitcoin After the Ethereum Merge: Experts Weigh In

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Ethereum, the blockchain behind ether (ETH), the second-largest cryptocurrency by market cap, and worth almost $200 billion, will attempt to do what no major blockchain has ever done – switch consensus mechanisms (how computers agree on the state of a network) from proof-of-work to proof-of-stake. What impact will this transition, referred to as “the Merge,” have on the dominant cryptocurrency, bitcoin (BTC)? Original

Judge Approves Use of Independent Examiner in Crypto Lender Celsius’ Bankruptcy Case

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Why The Cardano Price Might Be On The Verge Of Another Decline

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The Cardano price has been following the general market sentiment and trended to the downside in the last 24 hours. The cryptocurrency is on the verge of implementing a major upgrade via its “Vasil” Hard Fork Combinator (HFC) event, but the current price trend hints at bad news for bullish investors. At the time of writing, the Cardano price trades at $0.47 with a 3% profit over the last seven days. The cryptocurrency lost its position in the top five by market capitalization but has managed to preserve some of…

Bitcoin Bear Market Corrective Patterns Examined

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Tony Spilotro I’m Tony Spilotro. Behind the pseudonym, I’m a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck – literally – to future generations. My journey from a curious retail crypto investor to a…