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Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.At a court hearing on Jan. 11, Uphold filed a motion to dismiss all counts in the suit served against the firm by Cred in June 2022.Cred was a crypto lending service
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The news of the mission’s failure did not augur well with the firm’s investors as reflected in its stock performance.Small satellites launcher Virgin Orbit Holdings Inc (NASDAQ: VORB) has recorded a massive slump in its share price following its failed space mission from the United Kingdom. As reported by CNBC,
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A signal of traders’ extreme bearish positioning before Monday’s price increase was the funding rates for perpetual swaps of solana (SOL) sinking to 1,000% annualized rate. Then, SOL gained 20% and some $15 million of short bets were liquidated, according to Coinglass. Original Source
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As the end of 2022 approaches, a great number of bitcoin proponents are questioning whether or not the bottom is in as far as the official end of the crypto winter is concerned. The current bitcoin bear run just entered the longest bottom formation since the 2013-2015 bitcoin bear market.
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Avatar: The Way of Water has brought Disney a revenue of $134 million at the domestic box office during its opening weekend, falling short of analysts’ expectations of $175 million and Disney’s forecast of between $135 million and $150 million.The Walt Disney Company (NYSE: DIS) stock closed Monday, December 19,
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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake in FTX,
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Binance CEO Changpeng Zhao, or CZ, and former FTX CEO Sam Bankman-Fried, or SBF, have revealed new details about the failed agreement between the exchanges during FTX’s liquidity crisis in November. In a Dec. 9 Twitter thread, CZ referred to Bankman-Fried as a “fraudster,” saying Binance exited its position in FTX
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On-chain data shows the Bitcoin Hash Ribbon golden cross has failed to provide an uplift to the price for the first time ever. Bitcoin Hash Ribbons Have Recently Formed A Death Cross As pointed out by an analyst in a CryptoQuant post, the BTC Hash Ribbon model has failed for the first
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Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president Vladimir Putin has called for international settlements based on digital currencies. All this and more just below in this edition
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The enterprise blockchain space, which doesn’t seem to experience the same bullish and bearish market cycles as public crypto, is now feeling a change in the broader economic climate, particularly in areas like shipping; this is one of the reasons TradeLens is closing shop, according to Lars Jensen, CEO of
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