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The founders of tainted crypto hedge fund Three Arrow Capital (3AC), which filed for bankruptcy in the first week of July, have finally resurfaced after five weeks of no known whereabouts.In an interview with Bloomberg, the crypto hedge fund’s two founders Su Zhu and Kyle Davies admitted that the overconfidence
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DeFi has much to offer the world of finance. That DeFi smart contracts worked as promised in these highly stressed market conditions to keep intact the “systems” – if not the prices – is a good proof of concept on which to build a more robust, viable system. When you
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From here, Nansen says many users opted to sell their stETH back for ETH, which had the effect of depressing stETH’s price. Most stETH sellers, according to Nansen, dropped their tokens onto Curve – a stablecoin-focused decentralized exchange (DEX). “The net stETH buy/sell during this period reveals that a net
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An IMF study that suggests crypto is facilitating corruption is off target. Source
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Responsibility for Ethereum’s climate impact lies with institutions, not individuals, argues the emissions dashboard creator. Original Source
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“Bitcoin’s drop definitely adds some pressure, as does thin year-end markets (credit, equity and commodities),” Ostwald said. Steve Hanke, a professor at Johns Hopkins University in Baltimore, voiced similar opinion on Twitter, while drawing attention to widening El Salvador-U.S. yield spreads. Original Source
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During the last 24 hours, the crypto economy has lost 8% in value as a great number of crypto asset prices dropped significantly during the overnight trading sessions. Crypto markets lost more than $22 billion in value as the leading digital currencies in the top 20 standings lost anywhere between
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Carter’s affection with tungsten runs so deep that he gives cubes out as Christmas presents, he told CoinDesk. People love it because it’s so surprisingly heavy, he added. He loves it because it is a “sophisticated” yet simple status symbol – far better than a watch. Tungsten has about the
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Macroeconomic fears have gripped the bitcoin market over the past week, despite the appearance in price charts of a “golden cross” pattern that’s typically seen as a bullish indicator.A golden cross is when the 50-day moving average of an asset’s price climbs above its 200-day average. It happened in the
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The Ripple Team has released a statement in response to the events of the past week or so.
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