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Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens

Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million TokensAmid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the stablecoin pool has become unbalanced Thursday morning. Furthermore, at 9:35 a.m., a report disclosed that Tether has frozen more than 46 million […]

Bitcoin Pioneer Praises Milei’s Vision in Argentina

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring AdviceAfter the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire the bankruptcy and restructuring law firm Akin Gump […]

Bitcoin Pioneer Praises Milei’s Vision in Argentina

Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund

Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge FundTwo days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolvency. Now the crypto firm Finblox is feeling the effects of 3AC’s troubles, and a few digital currency companies have liquidated the hedge fund’s leveraged positions. […]

Bitcoin Pioneer Praises Milei’s Vision in Argentina

Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.” Sources Say Celsius Is Looking for […]

Bitcoin Pioneer Praises Milei’s Vision in Argentina

Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

Report: Celsius Seeks Help From Restructuring Lawyers Over Financial HardshipFollowing the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys is one of the first stages of fixing a company’s financial hardship by essentially attempting to avoid insolvency. […]

Bitcoin Pioneer Praises Milei’s Vision in Argentina

Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets

Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s AssetsOn Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency have been swirling. On June 12, around […]

Bitcoin Pioneer Praises Milei’s Vision in Argentina

Bitcoin Cash Spikes, Crashes After Fake Announcement About Partnership With Major Grocery Retailer

Bitcoin Cash (BCH) suddenly surged and then crashed after fake news spread about a partnership with grocery store giant Kroger. The fraudulent rumor appeared on Kroger’s investor relations page and claimed that the supermarket chain would begin accepting cryptos during the holiday season, sparking BCH to rally 4.8% from its 24-hour low of $591.06 to […]

The post Bitcoin Cash Spikes, Crashes After Fake Announcement About Partnership With Major Grocery Retailer appeared first on The Daily Hodl.

Bitcoin Pioneer Praises Milei’s Vision in Argentina

OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread

OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors SpreadRumors concerning the U.S. Treasury cracking down on several financial institutions over money laundering has been spreading like wildfire on social media and forums. There’s been no formal announcement from the U.S. entity and at this stage, the news is widely considered FUD. However, some are assuming the hearsay stems from the recent Russian sanctions […]

Bitcoin Pioneer Praises Milei’s Vision in Argentina