Three Arrows Capital Confirms Heavy Losses From LUNA's Collapse, Exploring Potential Options: Report
Terra’s implosion in mid-May and falling bitcoin prices affected the fund’s portfolio, its founders confirmed. Original Source
Read More
Potential
Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk
Bitcoin (BTC) could be on the verge of a retail major sell-off as exchange inflows spike to almost three-and-a-half-year highs.Data from on-chain analytics platform CryptoQuant shows users of 21 major exchanges sending coins to their wallets en masse June 14.Major exchanges finish up 83,000 BTC in a single dayAs BTC/USD
Read More
CPI Print Pushes Crypto Into Red Zone, Here Are 2 Potential Scenarios
The crypto market is retesting critical support areas as the U.S. Consumer Price Index (CPI) print surpasses expectations. The metric is used to measure inflation in the U.S. dollar, and it recorded an 8.6% increase year-over-year (YoY), the highest since 1981. Related Reading | TA: Bitcoin Bears Keep Pushing, Why BTC Could
Read More
Polygon (MATIC) Price Falls Short Of Reaching Full Potential Despite Recent Developments
The recent trend for Polygon (MATIC) has followed a negative pattern, raising more concern within the industry. Within the midst of the 2022 extended cryptocurrency market correction, MATIC has a consistent bearish overview. From its value of $2.92 on December 27, 2021, the token has fallen by over 60%. Volatility remains
Read More
Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential
As the crypto market started recovering after Bitcoin experienced nine red weeks, some crypto projects have recorded incredible performance. That highlights their strength in a downtrend. Crypto analyst, Austin Arnold, expressed to his Youtube community what aspects they need to consider while choosing a project to invest in a bearish market.
Read More
Polygon Increases KYC Scrutiny of Potential Investments and Grants in India
Polygon is now requiring extensive customer details for prospective partners in India as regulatory scrutiny there grows, according to a source. Source
Read More
Fed paper looks at potential effects of CBDC on monetary policy
On Tuesday, the United States Federal Reserve released a study on the possible effects of a retail central bank digital currency (CBDC) on U.S. monetary policy implementation. The study, dated April, was a staff working paper titled “Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis.”The paper
Read More
JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund, and PayPal hints at more crypto and blockchain involvement: Hodler’s Digest, May 22-28
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekAndreessen Horowitz closes $4.5 billion crypto fund
Read More
‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal
The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from
Read More
Swiss asset manager Julius Baer eyes crypto and DeFi potential
The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure to cryptocurrencies and decentralized finance (DeFi) for its high net-worth clients.The firm’s CEO Philipp Rickenbacher confirmed the move into the cryptocurrency space during his delivery of the company’s strategy update for the next three years. Rickenbacher noted that
Read More