Curve founder looks to unexpected counterparties to rescue sinking DeFi loans
Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount. Curve Finance...
Month: August 2023
Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin
MicroStrategy, one of the largest corporate holders of Bitcoin, said proceeds of the sale could be used to buy up...
SBF denies witness tampering in effort to avoid jail
Lawyers for Sam Bankman-Fried claim that his sharing of Caroline Ellison's diary with the New York Times does not amount...
FTX creditors unimpressed with exchange’s bankruptcy exit plan
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be...
MicroStrategy returns to profit and now owns $4.4B worth of Bitcoin
Michael Saylor-founded MicroStrategy disclosed it now holds 12,800 Bitcoin as of July 30, and is back in the black. Business...
GameStop will stop support for its crypto wallets, citing ‘regulatory uncertainty’
The retail company used to be known primarily for its brick-and-mortar retail stores but has also launched an NFT marketplace...
3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after...
Voyager customers targeted by scammers during 30-day withdrawal period: Report
Phony websites offered customers a premium for claiming through them. In reality, they drained customers’ wallets. Scammers set their sights...
Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of...
Was Sam Bankman-Fried behind a scam project?
This week’s episode of The Market Report explores allegations that SBF was behind the recent BALD token rug pull and...
Bitcoin price risks $25K dip despite ‘macro pivot point’ — New analysis
BTC price dips to six-week lows, but worse could be to come for Bitcoin, says Capriole Investments. Bitcoin (BTC) faces...
European digital asset manager CoinShares’ revenue up 33% in Q2
Proprietary trading activities contributed heavily to the revenue increase. CoinShares, a manager of Bitcoin (BTC), Ether (ETH) and various altcoin...
Toyota GR Cup will award digital trophies on Polygon blockchain to race winners
Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems. The Toyota GR Cup, a...
Genesis Digital Assets opens three new facilities in South Carolina in US expansion
The company has 400 MW of capacity spread across three continents, but most of its power is concentrated in Texas....
FTX releases restructuring plan, hints at rebooted offshore exchange
Reams of dockets from FTX have been filed alongside a proposed reorganization plan that could see it resurrected as an...
