Tag: News

Microstrategy Debunks Margin Call Rumor — Says Bitcoin Liquidation Unnecessary Even if BTC Falls Below $3,562 – Featured Bitcoin News

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The CEO of the Nasdaq-listed software company Microstrategy has debunked the rumor that his company is facing a margin call for a bitcoin-backed loan and will be forced to sell some coins. If the price of the cryptocurrency “falls below $3,562 the company could post some other collateral,” the executive explained. Microstrategy Hasn’t Received a Margin Call Microstrategy CEO Michael Saylor debunked the rumor that his company is close to having to liquidate its bitcoin to meet a margin call for a bitcoin-backed loan. The rumor intensified as the price…

Russia Developing Sandbox for Cross-border Crypto Payments – Bitcoin News

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An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and technological challenges for settlements with digital assets. Russia Prepares to Test Crypto Payments for Exports in Dedicated Sandbox The Russian Export Center (REC), which is a state-run institute tasked to support Russia’s exports, is now considering the employment of digital currencies as an alternative approach to international settlements under sanctions. The organization believes that setting up a “cross-border digital sandbox” is…

US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994 – Economics Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency – Bitcoin News

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According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources say that the 3AC “liquidation totaled at least $400 million” and the hedge fund’s founder Su Zhu tweeted about “communicating with relevant parties” Tuesday evening (ET). ‘Well-Placed Sources’ Say Three Arrows Capital Was Liquidated for at Least $400 Million, Hedge Fund Allegedly Maintains ‘Limited Contact With Its Counter-Parties’ The crypto hedge fund Three Arrows Capital Ltd. founded by Su Zhu…

Bitcoin Plummets but is there More Downside Ahead? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Despite the Nasdaq bouncing 0.21% yesterday and both the S&P 500 and Nasdaq futures showing gains this morning, Bitcoin continues to plummet. What are the factors contributing to this extreme sell off? Systemic issues in crypto infrastructure companies such as Celsius Celsius are one of the biggest lenders and could potentially become insolvent. The Celsius on-chain liquidity crisis has become healthier over the past 24 hours, as they have added to their collateral across the board for 3 main positions. One…

Ternoa, First NFT-Centric Blockchain, Releases Mainnet Setting to Disrupt NFT Economy – Press release Bitcoin News

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press release PRESS RELEASE. Paris, France, 15 June 2022: Ternoa is a layer 1 open-source blockchain ecosystem that facilitates the adoption of utilitarian NFTs by giving developers full technological stack, access to independent infrastructure, nodes, developers’ community, and funding. The project is guided by principles of security and ownership, made possible with a combination of decentralization and encryption. Since 2021, the role of NFTs has transformed dramatically: from mere cultural assets to building blocks that allow developers to incorporate utility in the next generation of decentralized applications and Web3 NFT-based…

Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit – Bitcoin News

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Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized by 314% at the time of writing. Tron’s USDD Has Been Unable to Surpass $0.98 During the Past 24 Hours The stablecoin USDD, issued on the Tron blockchain, is an algorithmic stablecoin that also leverages overcollateralization to…

MATIC Slides to 1-Year Low as LINK Rebounds Following Losses – Market Updates Bitcoin News

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MATIC fell to a one-year low on Wednesday, as crypto markets continue to crash this week. The decline sees MATIC almost 10% lower, and comes as LINK rebounded on Wednesday, hitting a four-day high in the process. Polygon (MATIC) MATIC was a notable mover on hump-day, as prices of the world’s 20th-largest cryptocurrency fell by almost 10%. Following a peak of $0.4331 on Tuesday, MATIC/USD slipped to a low of $0.3658 earlier in today’s session. Wednesday’s move saw prices drop for a sixth consecutive day, hitting their lowest point since…

Federal Reserve’s Plans to Hike Interest Rates Spooks Traders into Selling Crypto – Blockchain News, Opinion, TV and Jobs

Bitcoin is crashing again, temporarily plunging it to below $20,200 earlier today, as spooked traders have frantically been selling off the cryptocurrency before the US Federal Reserve is expected to do something it hasn’t done in 28 years — increase interest rates by three-quarters of a percentage point. In response to soaring inflation and volatile financial markets, the central bank will hike the rate that banks charge each other for overnight borrowing to a range of 1.5%-1.75%. BTC and ETH has fallen to trade just above $20,000 and $1,000, respectively, as…

Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here – Markets and Prices Bitcoin News

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On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters are debating whether or not the drop is the market’s bottom or if the fall could lead to deeper losses. At the time of writing, bitcoin is 70% down from the $69K all-time high (ATH) but traditionally, bitcoin is known to drop around 80% or more from ATHs recorded in the past. Will Bitcoin Slide More Than 80% Down This…