Almost a quarter of US investors used loans to buy crypto

A large number of retail investors in the U.S. have taken out loans, often at exorbitant interest rates, to buy cryptocurrencies, and more than half of such investors ended up losing money, according to a recent survey by DebtHammer. DebtHammer surveyed more than 1,500 people in the U.S. to find out about their crypto investing…

Argentinians turn to crypto after economy minister resigns

Argentina’s Economy Minister Martin Guzman announced his resignation on June 3, pushing citizens to seek hedges in crypto and causing the price of Tether to gain 6.6% against the Argentian peso, Bloomberg News reported. Guzman’s resignation comes at a time when the already high inflation saw a new surge. Following his decision to step down,…

Hackers promote crypto on British Army Twitter and YouTube pages

Hackers breached the Twitter and YouTube pages of the British Army on June 3 and made several tweets promoting non-fungible tokens (NFTs) and cryptocurrencies. British Army Twitter account @BritishArmy appears to have been hacked pic.twitter.com/41HPtSeln1 — OSINTtechnical (@Osinttechnical) July 3, 2022 The British Army confirmed the hack. The attackers initially changed the name of the Twitter…

Public companies holding Bitcoin face impairment losses amid market crash

MicroStrategy, Tesla, and other public companies holding Bitcoin face significant impairment losses as Bitcoin (BTC) closed the second quarter below $19,000. MicroStrategy BTC holding down 58% According to Bloomberg News, MicroStrategy could report a significant impairment loss of $3.4 billion due to the sharp decline in BTC prices between April and June 2022. The company…

Coinbase-backed Vauld becomes the latest crypto lender to pause withdrawals

Vauld announced July 4 that it will immediately suspend withdrawals, trading, and deposits on the platform due to volatile market conditions and the impact on key business partners. The statement also mentioned that users had withdrawn $197.7 million since June 12 due to mounting fears over CeFi lenders the same day Celsius announced similar actions…

Celsius Network takes affirmative action to stave off bankruptcy

According to the tech website CTech, Celsius Network laid off 150 workers in a bid to stay operational. The troubled lending and borrowing platform announced a pause on withdrawals on June 13, citing “extreme market conditions.” In the weeks before the announcement, rumors were circulating that the company was insolvent, a claim denied by CEO…

Don’t Celebrate the 4th of July and Not the Rest

<img data-attachment-id="11633" data-permalink="https://wfcassidy.com/dont-celebrate-the-4th-of-july-and-not-the-rest/dont-celebrate-the-4th-of-july-and-not-the-rest/" data-orig-file="https://i0.wp.com/wfcassidy.com/wp-content/uploads/2022/07/Dont-Celebrate-the-4th-of-July-and-Not-the-Rest-scaled.jpg?fit=2560%2C1659&ssl=1" data-orig-size="2560,1659" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="Don’t Celebrate the 4th of July and Not the Rest" data-image-description=" Don’t Celebrate the 4th of July and Not the Rest ” data-image-caption data-medium-file=”https://i0.wp.com/wfcassidy.com/wp-content/uploads/2022/07/Dont-Celebrate-the-4th-of-July-and-Not-the-Rest-scaled.jpg?fit=300%2C194&ssl=1″ data-large-file=”https://i0.wp.com/wfcassidy.com/wp-content/uploads/2022/07/Dont-Celebrate-the-4th-of-July-and-Not-the-Rest-scaled.jpg?fit=1024%2C664&ssl=1″ class=”alignright wp-image-11633 jetpack-lazy-image” src=”https://i0.wp.com/wfcassidy.com/wp-content/uploads/2022/07/Dont-Celebrate-the-4th-of-July-and-Not-the-Rest.jpg?resize=401%2C260&is-pending-load=1#038;ssl=1″ alt=”Don’t Celebrate the 4th of July and Not the Rest” width=”401″ height=”260″ data-recalc-dims=”1″ data-lazy-srcset=”https://i0.wp.com/wfcassidy.com/wp-content/uploads/2022/07/Dont-Celebrate-the-4th-of-July-and-Not-the-Rest-scaled.jpg?resize=1024%2C664&ssl=1 1024w, https://i0.wp.com/wfcassidy.com/wp-content/uploads/2022/07/Dont-Celebrate-the-4th-of-July-and-Not-the-Rest-scaled.jpg?resize=300%2C194&ssl=1 300w, https://i0.wp.com/wfcassidy.com/wp-content/uploads/2022/07/Dont-Celebrate-the-4th-of-July-and-Not-the-Rest-scaled.jpg?resize=768%2C498&ssl=1 768w,…

Wonderland community votes to buy $25M of ex-treasury manager tokens

The Wonderland community has agreed to buy $25 million of Sifu Vision tokens. This is coming months after Sifu was forced to quit his role as Wonderland’s treasury manager over his criminal past. The DeFi protocol passed the governance proposal to invest in Sifu Vision with 89% of the votes. What will follow is an…

Nexo claims “smear campaign” ignores its attempts to aid insolvent companies

CryptoSlate spoke to Nexo co-founder Antoni Trenchev regarding Nexo’s decision to increase insurance to $775 million, its moves to offer aid to struggling crypto firms, and the recent allegations claiming Nexo is in trouble. Trenchev told CryptoSlate that its move to increase insurance levels was a part of an ongoing plan to improve security unrelated…