Day: April 15, 2023

Celcius reportedly prepping litigation against creditor for leaking internal info

A court filing indicates that bankrupt crypto lender Celsius Network either intended to, or is potentially looking at taking legal action against crypto blogger and Celsius creditor Tiffany Fong over leaking internal information. looks like they want to/wanted to even though they owe me $ insane. pic.twitter.com/0EPxVZ6e3f — Tiffany Fong (@TiffanyFong_) April 14, 2023 A screenshot shared by Fong shows that she currently has roughly $119,000 worth of crypto assets such as Bitcoin (BTC), Ether (ETH) and Polygon (MATIC) locked on Celsius, after the firm paused withdrawals in mid-June 2022,…

Bitcoin pulls back from $31,000 as a pin bar forms, upside momentum dropping

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied There is a pin bar on the daily bitcoin (BTC) daily chart on a day when prices soared to reach new Q2 2023 highs of $31,000. Bitcoin pin bar forms in the daily chart Per bitcoin’s candlestick arrangement on April 14, prices printed lower, retracing from H2 2023 highs as the uptrend lost momentum and sellers curbed the upswing, rejecting higher prices. Subsequently, the pin bar has formed, indicating intense liquidation pressure, mainly during the New…

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services – Finance Bitcoin News

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ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first and largest virtual bank, co-founded by Chinese billionaire Ou Yaping, is looking to facilitate transfers of digital and fiat currencies for participants in the city’s developing crypto sector, Bloomberg reported quoting the lender’s top executive.…

Flatcoiners should take a cue from TerraUSD’s fate

The post-COVID-19 era has brought the issue of inflation to the forefront, leading to increasing interest within the Web3 space for creating flatcoins, a close “cousin” of stablecoins designed to mitigate inflation risk. Many existing flatcoins, like Terra’s TerraUSD (UST) stablecoin, are algorithmically backed and therefore serve as a stark reminder of the risks associated with algorithmic backing, as demonstrated by the collapse of LUNA and UST. So, while the idea behind flatcoins may seem appealing, they raise significant reservations conceptually and in terms of design. Ultimately, the success of…

‘Being an Ally Does Not Mean Being a Vassal’ – News Bitcoin News

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French president Emmanuel Macron has decided to double down on his strategic autonomy policy thesis, declaring that Europe should not be forced to side with Beijing or Washington on Taiwan. Macron declared that being a U.S. ally ‘does not mean being a vassal’ in a state visit to Amsterdam, propping criticism and praise alike for his position. Macron Doubles Down on Strategic Autonomy Policy for Europe on Taiwan Issue French president Emmanuel Macron has reinforced his stance when it comes to the allegiance of France and Europe in the case…