As of July 2022, the deck claims that the company lost 8k BTC and 56k ETH in June. The wallet management staff allocated the funds to trading accounts. Four large cryptocurrency firms, including Babel Finance, went bankrupt in the year 2022, the year of the crisis. Celsius, Voyager, and Three
Copper was planning to raise at least $3 billion. In May, Copper received Swiss regulatory approval. While bankruptcies continuously increase in the cryptocurrency market, the largest multinational bank in the UK, Barclays, intended to invest in Copper, one of the most well-known cryptocurrency custody firms in the fast-growing industry. According
Applications for moratoriums were filed in Singapore on July 22 by the firm. On July 20, Zipmex temporarily halted all trading and withdrawals on its exchange. According to a corporate update released on Wednesday, Zipmex, a cryptocurrency exchange located in Thailand, has filed for bankruptcy protection against creditors’ legal action.
KuCoin has launched “Anti-FUD Funds” There are 3 main aims for launching the FUD Funds On the well-known cryptocurrency exchange KuCoin, users can buy, sell, and trade cryptocurrencies. Johnny Lyu, the CEO of KuCoin, has established funds for FUD, commonly known as the “Anti FUD-Fund,” to take legal action against
South Korea’s Ministry of Justice banned the officials of Terra from leaving the country. Do Kwon is issued notice to enter the country, who now lives in Singapore. The fall of UST initiated the bearish rally of the crypto market. Following the Crashdown of Terra(LUNA), the entire market dipped down
After starting at $61.74, Coinbase (COIN) ended the day at $52.93. ARK Invest paid an estimated average price of $328.28 a share. With Coinbase trading at a 52-week low at the price of $52.93, prominent crypto investor Cathie Wood sold 1.41 million shares of Coinbase stock. ARK Invest paid an
According to the IMF, the economy dropped from 6.1% last year to 3.2 %in 2022. The crypto market dropped below $1trillion from its all-time high of $3 trillion. Since the beginning of the year, the global economy has been in a gloomy and depressing state, and multiple incidents this year
With price tags in the millions of dollars and their viral followings, non-fungible tokens have risen into the mainstream consciousness over the past couple of years. However, the current market for NFTs, which use blockchain technology to create unique versions of digital art, sports memorabilia, photographs and so on, is
The fintech Block Earner aims to yield cryptocurrency with minimal risk. The low volatility of AUD cash deposits between April and July resulted in the firm’s profits. Block Earner, an Australian fintech startup built on blockchain technology that is delivering a new era of financial utility to the public, has
More than 19k BTC was traded by public miners following market deterioration. This week, the cryptocurrency industry surged past $1 trillion in market capitalization. Since May, major institutions have sold at least 236,237 BTC, according to Arcane Research analyst Vetle Lunde in a tweet on Thursday. For the first step,
