Coingecko released a report about the current state of the digital asset industry for the third quarter of 2022, which indicates a quieter environment than what was experienced in Q1 and Q2. The most notable of the pointers in the recent release is how the cryptocurrency market cap made an encouraging recovery. As outlined in…
Nuri, a German crypto neobank, is closing its doors as it was unable to find an acquirer after filing for insolvency in August, CEO Kristina Walcker-Mayer said in an Oct. 18 blog post. The CEO said the decision was taken as the company was unable to find a potential acquirer or investors after working with…
The total amount of Bitcoin (BTC) held by exchanges reached its lowest since 2018, while Ethereum (ETH) supply on exchanges has been increasing significantly since June 2022. The numbers also indicate that investors who buy and hold Bitcoins prefer Coinbase to do so. Bitcoin Bitcoin held by exchanges has reached its lowest in four years….
Terraform Labs co-founder Do Kwon does his second interview since the Terra ecosystem implosion. The incident left a $60 billion black hole and sparked a chain of events that further tarnished the cryptocurrency industry. Since then, multiple rumors of foul play have been floated, including allegations that Do Kwon siphoned tens of millions of dollars…
Bitcoin (BTC) prices during the coldest winter in crypto history have been very discouraging for investors. At specific points, the prices were lower than they were almost five years ago. Nevertheless, this doesn’t mean that the Bitcoin price is degrading if we zoom out. If we look at significant price drops and Bitcoin’s recovery rates…
Bitcoin Archive tweeted that BTC volume is “climbing to bull market levels,” while highlighting a continuous monthly uptick since August. Source: @BTC_Archive on Twitter.com That in itself cannot be taken as a definitive sign of the bull market returning. Nonetheless, in conjunction with Bitcoin’s Consumer Price Index (CPI) snap back on Thursday, a degree of…
“I think I just developed a new lower low for caring about prices , especially ADA. It’s been like this for a while and the bear market is here to stay. Might as well just chill.” Many other commenters voiced similar attitudes, with one posting, “not caring for price is the way to go.” Another…
On holding Bitcoin, Hedge Fund Manager Paul Tudor Jones said he has “still got a very minor allocation, I’ve always had a small allocation to it.” This is despite its highly correlated moves with the risk-on market, not to mention stagnant price action lately, with the past month seeing the BTC price ranging between $18,300…
Unsecured lending protocol TrueFi has issued a notice of default to Blockwater Technologies for failing to repay a $3.4 million loan agreement. According to Blockwater’s borrower profile, the venture capital firm borrowed about $16.8 million from TrueFi in 2021. It repaid up to $13.4 million before seeking loan restructuring in August 2022. As a result,…
Bankrupt bitcoin exchange Mt. Gox has released procedures for creditors to register their payment details for the subsequent release of their BTC locked for over eight years. Mt. Gox was a Japanese-based exchange that lost over 850,000 BTC in a 2011 hack. Ten years later in Nov. 2021, the exchange released a “Rehabilitation Plan” to…