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"Genesis is aware that Three Arrows directly or indirectly owns the Deribit shares and the StarkWare shares, which could be sold to pay part of an eventual award against Three Arrows, but in light of Three Arrows' conduct it is likely that Three Arrows will seek to dissipate such shares
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The discount on stETH, a derivative of ether, surged as the crypto lender Celsius reclaimed and then transferred almost 10% of the total supply of the token. Source
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According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the
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Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $250 million credit to the lending firm.According to a Friday report from the Wall Street Journal, FTX is currently in discussions with BlockFi regarding the crypto exchange purchasing a stake in the
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On Wednesday July the 8th, Ethereum took the biggest step towards bringing itself closer to activating the proof-of-stake (PoS) network by successfully deploying the Merge on the Ropsten testnet. The Merge is one of the crucial components of the consensus layer upgrade, known previously as “Ethereum 2.0.” The Merge is
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The move comes as more miners have begun using alternative sources of funds to support their expansion. Source
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Last summer, Polkadot made its own little bit of history after confirming the first five projects to occupy parachain slots on its canary network Kusama. Disparate blockchains that bolt onto Polkadot’s main Relay Chain for security, yet are otherwise independent, parachains represent a new way of doing business in blockchain,
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Argo was able to sell its UST positions at 93 cents per token before the price fully collapsed, according to Wall. Most recently, UST was still trading around 10 cents according to CoinDesk’s price index. “Looking back [selling at that level] was a very good move given last time I
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Image: https://unsplash.com/photos/jpsocjU9R7s Ethereum could finalize its transition to proof of stake, aka 'the merge', as soon as August this year if everything goes according to plan. At the recently held Permissionless conference, the cryptocurrency's core developer Preston Van Loon told the audience there was plenty of momentum behind solidifying the move
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Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood. The news was well received by the market, with Robinhood’s (HOOD) stock price initially soaring over 30% in after hours trading. At the time of writing the price
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