Cryptocurrency Analysis and News Portal
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Defunct crypto lending firm BlockFi has applied to a court to request the transfer of “trade-only” assets from its users’ accounts into stablecoins so the individuals could withdraw them. The request marks another step toward the return of users’ funds, a process that the company began in August. On Aug. 29,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bankrupt exchange FTX wants to hire Mike Novogratz’s Galaxy to assist with selling, staking, and hedging its crypto assets. The proposed agreement would see Galaxy managing and trading certain digital assets owned by FTX to convert them into fiat
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The financial media often points out Bitcoin’s (BTC) correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC's often acute inverse-relationship with the United States dollar. But are these correlations set in stone, and can they be useful for predicting future price moves?
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It could be a smart business play for Republic, which noted how blockchains can increase access and opportunities to invest in assets that are usually off limits to most people. “For millions of global retail investors, investing in private assets like startups, real estate, and fine art is opaque, highly
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cypher Protocol recovered nearly 50% of the stolen funds, worth approximately $600,000. On Aug. 7, the company suffered an exploit attack that reportedly wiped $1 million off its accounts. On Aug., 17, Cypher Protocol announced via its X
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Alameda Research, the trading wing of the defunct exchange, FTX, has settled a claim for $175 million with the bankrupt crypto firm, Genesis, according to recent court filings. Based on legal filings unveiled on Aug. 17, Alameda
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A public filing released by the United States Federal Bureau of Investigation (FBI) shows that around $1.7 million worth of digital assets were seized by the law enforcement agency from March to May.According to the Filing, the FBI seized $147,000 in Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether
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Recently, Larry Fink, the CEO of BlackRock asset management fund, talked about crypto in an interview on CNBC. He said that crypto “has a differentiating value versus other asset classes, but more importantly, because it’s so international, it’s going to transcend any one currency.” BlackRock is now the world’s largest
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Fortunately, there is a potential fix here. The rise of blockchain technology is reshaping how many companies trade their financial assets. Blockchains allow existing real world assets (RWA) and capital to be “tokenized,” i.e., representing certain assets, be they tangible, intangible or financial, on-chain as digital tokens. Source
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