Former White House Communication Director Anthony Scaramucci’s fund management firm SkyBridge Capital suspended withdrawals in one of its funds with exposure to crypto assets like Bitcoin (BTC) and Ethereum (ETH), Bloomberg News reported. According to the report, the affected fund is Legion Strategies. The decision was made because of the sharp decline in the values…
Voyager users might not get all of their funds back because the crypto lending company has declared bankruptcy, Bloomberg News reported. According to the filing, Voyager expects its users’ funds to be impaired during bankruptcy. Account holders are unlikely to get a full refund of their deposits because the company could be restructured or sold….
The crypto industry has experienced its worst month ever as over $400 billion was wiped off the market by the capitulation of digital assets in June. #Bitcoin is about to close -40% in June – the worst month ever! 🤨 pic.twitter.com/rQ2JckE7rF — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) June 30, 2022 Bitcoin (BTC) and Ethereum (ETH) were…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Binance CEO Changpeng ‘CZ’ Zhao said bad projects should be allowed to fail and Binance has no intention of offering “bailouts” to such projects. In the blog post titled “A Note on Bailouts and Crypto Leverage,” CZ said that Binance has…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! FTX CEO and founder Sam Bankman-Fried (SBF) said the downturn in the crypto market is driven by the aggressive rate hikes introduced by the U.S. Federal Reserve to counter the rising inflation, he said during an interview with NPR. SBF said…
Sam Bankman-Fried, the founder of FTX and Alameda Research, has acquired a 7.6% stake in Robinhood. SBF’s acquisition triggered an aggressive market response, with Robinhood’s shares jumping as much as 36% in extended trading. And while prices have pulled back since Thursday evening, they’re still up around 25%. Struggling Robinhood stocks see surge after SBF’s…
With a market cap of over $2 trillion, crypto has given birth to several billionaires since the first Bitcoin was mined. Although anonymity makes it difficult to determine who has what, a new report from Forbes has revealed some of the richest people in crypto and what they are worth. Topping the list is Binance…