JPMorgan Chase CEO Jamie Dimon expressed his doubts about bitcoin once again in an interview with CNBC on Thursday. The JPMorgan executive said, “Bitcoin itself is a hyped-up fraud. It’s a pet rock.” Dimon on the recent FTX fall stated: “I’m not surprised at all. I call them a decentralized
January 21, 2023 1 min read
On Friday, credit rating agency Moody’s said that it has reduced Coinbase’s (COIN) credit rating and guaranteed senior unsecured notes due to the company’s significantly diminished revenue and cash flow production capabilities. The long-term rating that represents the possibility of default on a business family’s debt, known as the corporate
January 21, 2023 2 mins read
John J. Ray III, the company’s newly appointed CEO, has said that he is looking at reviving the bankrupt cryptocurrency exchange. While also making good on debts to FTX’s customers and creditors. Former Enron restructuring Chief Ray has promised to investigate all viable options and implement the best ones. In
January 19, 2023 1 min read
On Thursday, the Shiba Inu (SHIB) price rise that had been supported by the Shibarium update and the purchase of Ethereum (ETH) whales had reached a new low. Nearly the last day, the value of the second-largest meme crypto in the world has decreased by over 9 percent. A large
January 19, 2023 1 min read
On Monday, an unnamed trader who goes by the handle “Pokeee” paid over $1 million to “sweep” 69 DeGods NFTs. Using a technology that allows purchasers to “sweep the floor,” or acquire a specified amount of NFTs, Pokeee acquired the NFTs from a project via the Magic Eden marketplace. To
January 18, 2023 1 min read
According to reports, the authorities of Singapore has extended the amount of time during which Vauld is protected from creditors. The cryptocurrency lender has until the 28th of February to provide a strategy to revive the company. Due to the protracted bear market, Vauld has been one of the cryptocurrency
January 18, 2023 1 min read
HashKey Capital (“HashKey”), a global asset management focusing on cryptocurrencies and blockchain technology, has announced the successful closure of HashKey FinTech Investment Fund III, its third fund, with a commitment of US$500 million. Institutional investors, including sovereign wealth funds, prominent family offices, and businesses, provided significant support for Fund III.
January 18, 2023 2 mins read
On Tuesday, Circle CEO Jeremy Allaire predicted additional bankruptcy filings in the cryptocurrency sector in 2023. Due to ongoing early-stage company struggles. He is nevertheless hopeful about forthcoming market innovations. And an increase in the pace of crypto adoption in 2023 as a result of advancements in legal frameworks and
January 17, 2023 1 min read
As per reports, Su Zhu and Kyle Davies, the founders of the insolvent cryptocurrency hedge fund Three Arrows Capital (3AC) and the cryptocurrency exchange CoinFlex, respectively, are looking to raise $25 million to start a new exchange called GTX. Bankrupt crypto businesses including Mt. Gox, Celsius, BlockFi, and the most
January 16, 2023 2 mins read
As one of the first Brazilian organizations to use blockchain technology. Bradesco, a major financial institution in Brazil and Latin America, has joined the cryptocurrency revolution. On January 13, 2023, the bank said that, as part of a pilot study to evaluate the viability of these technologies. It has tokenized
January 16, 2023 2 mins read
