Hashed CEO Simon Seojoon Kim disclosed in a Bloomberg interview that the VC firm lost more than $3 billion from its investment in LUNA after it crashed in May 2022. Hashed bought about 30 million LUNA tokens as an early investor in Terraform Labs’ $25 million venture round, conducted in January 2021. According to Kim,…
Online dating company Match Group has cut back on its Metaverse Dating and Tinder Coin plans following disappointing Q2 results. In an earnings letter to shareholders, the company, which operates the Tinder, Match, and OkCupid brands, among others, announced an overhaul of the Tinder management team, including the departure of its CEO Renate Nyborg. Match…
The global sentiment of the macro-economic landscape is muted following the news of a technical recession and a 75bp rate hike by the U.S. Federal Reserve. However, the crypto markets look more potent than they have been in some time, which may confuse investors. This article will examine the factors affecting the traditional economy and…
Crypto platform Zipmex, which froze withdrawals on July 20, is gradually resuming withdrawals from its Z wallet, according to an Aug. 1 blog post. The firm had resumed withdrawals from its Trade wallet on July 22. The firm’s Z wallet is used for receiving earnings and bonuses while its Trade wallet is used for trading…
The funds promised to the U.S. National Women’s Soccer League (NWSL) players by Voyager Digital in a sponsorship deal may not materialize as the lender filed for bankruptcy, Sportico reported Aug. 1. The league has informed the players that there’s little hope of receiving the funds from Voyager, according to the report. The NWSL had announced…
Crypto platform Vauld, which halted customer withdrawals last month, has secured protection against creditors for three months from the Singapore High Court, Bloomberg News reported Aug. 1. Vauld’s parent company Defi Payment Ltd. had requested the court for a six-month moratorium. However, the court only granted a moratorium for three months, which will last till…
CryptoSlate’s new research using Glassnode’s data has revealed that small, or retail, Bitcoin (BTC) holders are accumulating the flagship digital asset while whales have been dumping their holdings. Retail holders own less than 10 BTC in their portfolio and are also referred to as “Crabs” or “Shrimps,’ while a whale holds 1000 or more Bitcoin…
Crypto exchange giant Binance’s CEO Chaopeng Zao (CZ) gave an interview to CNBC where he argued that the market is much healthier in the current winter conditions because only the crypto-believers remain in the field. He said: “A little bit of a reset is healthy, to be frank. […] the crypto attracted a number…
Struggling crypto exchange Zipmex has filed for a moratorium in Singapore to extend its protection against legal actions from aggrieved creditors. The application comes barely one week after the exchange halted withdrawals from its platform due to a liquidity crunch. Zipmex’s solicitor Morgan Lewis Stanford has requested a court order that prevents creditors from suing…
Digital asset management firm Bakkt‘s new survey revealed that 50% of gig workers are comfortable getting a part of their payments in crypto, while 38% said they could consider earning their whole paycheck in digital assets. Bakkt’s Chief Product Officer Nicolas Cabrera commented on the survey results that clearly demonstrated the crypto appeal amongst gig…