by Stegen Phillips | Jun 23, 2022 | Uncategorized
The CEO of the world’s largest crypto exchange Binance Changpeng “CZ” Zhao addressed the bailout happening in the industry. As a result of the recent downside trend across the market, the collapse of the Terra ecosystem, and high leverage positions, several companies...
by Stegen Phillips | Jun 22, 2022 | Uncategorized
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s...
by Stegen Phillips | Jun 22, 2022 | Uncategorized
Data shows the latest selloff has caused the Bitcoin blockchain activity to come back to life after it had stayed muted for a while now. Bitcoin On-Chain Activity Returns As The Selloff Continues According to the latest weekly report from Arcane Research, the BTC...
by Stegen Phillips | Jun 21, 2022 | Uncategorized
The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform...
by Stegen Phillips | Jun 21, 2022 | Uncategorized
Data shows Bitcoin miner revenues have been coming under stress recently as they are now making 61% less than the average during the last year. Bitcoin Miner Revenues Come Under Pressure As Puell Multiple Sharply Drops As per the latest weekly report from Glassnode,...
