The saga around Three Arrows Capital (3AC) continues as liquidators charged with the case cannot get in contact with either founder Kyle Davies or Su Zhu. According to a court document filed on Friday 8 July, both the founder’s whereabouts are currently unknown, and liquidators are yet…
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Bitcoin (BTC/USD) extended its recent pullback early in the Asian session as the pair failed to sustain recent gains and tested the 20546.77 level, representing the 50% retracement of the recent appreciating range from 18603 to 22490.54.  Stops were elected below the 21005.50 area during the move…
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It had previously been valued at more than $45 billion.  The post Klarna valuation cut to $6.7 billion in $800 million fundraise appeared first on The Block.
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Crypto-powered financial app Revolut has announced an educational program that will award participants in return for completing quizzes. The scheme is designed to raise awareness and knowledge of cryptocurrencies and is targeted at users of Revolut’s popular crypto-saving app. The multi-part educational series begins with a primer…
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In Todays Headline TV CryptoDaily News: Navigating financial fallout Embattled cryptocurrency lender Celsius Network LLC has hired new lawyers for restructuring advice as it navigates the financial fallout from recent turmoil in crypto markets, according to people familiar with the matter. Bitcoin went below $21,000, investors expect…
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The crypto market has already borne witness to the tremendous growth and subsequent slide of decentralized finance (DeFi) on second-generation blockchains, spearheaded by none other than Ethereum. To date, Ethereum dominates the DeFi landscape, thanks to its array of Solidity smart contracts.  However, as a layer-1 blockchain…
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The United States Treasury Department has turned over a report to President Joe Biden detailing an international-level framework to address the risks and benefits of digital assets. Treasury Leads Interagency Effort  The Treasury report was required under the directives issued by President Biden’s executive order. On Thursday,…
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Crypto news today indicates that the much-dreaded crypto winter is here. In what crypto analysts call the longest bear market in history, the biggest losers have been the world's largest cryptocurrencies by market cap. Bitcoin (BTC) has been treading dangerously along the $20,000 limit for the past…
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Future of Bitcoin Trading in Hungary? It is evident that Bitcoin trading is picking up pace in Hungary. The country's leading economic daily, Napi Gazdaság, featured an article on the recent surge in Bitcoin trading activity in the country. The report notes that the number of Bitcoin…
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Aave Companies has proposed to Aave's governance forum that a new stablecoin called GHO should be created. The post DeFi protocol Aave proposes creation of stablecoin called GHO appeared first on The Block.
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