Almost $4 billion in mining-rig-backed loans are in jeopardy. Bitcoin miners who need to sell would continue to exert downward pressure. Miners have been hit hard by the 21% decline in the price of bitcoin (BTC) since it peaked two weeks ago. According to a Bloomberg report, some mining-machine-backed debts
Tencent’s extended reality unit isn’t just another corporate unit. This new unit will contain all of Tencent’s projects to break into the metaverse. Chinese IT giant Tencent has taken another step toward entering the metaverse. According to Reuters, an extended reality unit has been launched by Chinese technology and entertainment
Banxa will allegedly reduce its workforce from 230 to 160 personnel. European Managing Director Jan Lorenc plans to depart the business in European market. According to Banxa, a crypto payments service provider, 30 percent of its workforce will be let off as a cost-cutting measure during the current bear market.
Voyager said that it had asked for a partial $25 million USDC repayment by June 24. Alameda has already given Voyager a line of credit to keep solvent. After pledging to prosecute cryptocurrency hedge fund Three Arrows Capital (3AC) for unpaid debt, Voyager Digital has followed through. To put it
Global Emerging Markets (GEM) has announced a $200 million financial injection to drive adoption, grow the company, and strengthen innovation for the CeDeFi exchange, Unizen. The money is tied to certain milestones and results to make the initial investment as efficient as possible. On the 27th of June 2022, Unizen
The price of DOGE has increased from $0.0587 to $0.0767 in just a week. The trading volume in the last 24 hrs is accounted to be 108.96%. The meme cryptocurrency, Dogecoin has attained a price surge of around 35% in the last one week. According to CMC, the previous Monday
Russia has even extended the 30 days extension for returning the international debits. The last debt failure was in 1998 for $40 billion during the ruble collapse. Russia seems to be stuck in incessant troubles post the war on Ukraine. Ever since the country invaded neighboring regions, cross-border relationships don’t
It was on June 21st that the Shiba Inu (SHIB) price blasted. Shiba Inu has been down 1.16% in the last 24 hours. As per CMC, Shiba Inu’s returns have increased by 42 percent in the past week. SHIB has been attempting to recover its footing after the market-wide crypto
By default, ZEC transactions hide the sender’s and receiver’s addresses. Haven’s primary currency is the XHV, which is used to create the xAssets. Let us look at the top 3 privacy coins for investors in June 2022. Monero (XMR) Anonymity and privacy are the primary goals of Monero, a cryptocurrency
According to McKinsey & Company Metaverse will create $5 trillion by 2030. A metaverse standards forum was launched by Meta, Microsoft, and 31 additional firms. In a recent interview Mark Zuckerberg, the CEO of Meta Platforms, formerly Facebook, explained the metaverse with Jim Cramer. The co-founder of Meta (Facebook) stated
