DeFi Coins Outperform Bitcoin, Ether as Traders Pare Bets on Jumbo Fed Rate Hike
The outperformance of the DeFi coins could be fleeting, given the weak fundamentals.Original: https://www.coindesk.com/markets/2022/07/15/defi-coins-outperform-bitcoin-ether-as-traders-pare-bets-on-jumbo-fed-rate-hike/?utm_medium=referral&utm_source=rss&utm_campaign=headlines By: Omkar Go...Tags: #decrypt #bitcoin #ethereum, Markets
Three Arrows Liquidators Ask Singapore Court to Recognize Company's BVI Bankruptcy: Straits Times
Media in Singapore are reporting that Three Arrows’ liquidators are working to get Singaporean courts to recognize the British Virgin Islands (BVI) liquidation order.Original: https://www.coindesk.com/business/2022/07/15/three-arrows-liquidators-ask-singapore-court-to-recognize-companys-bvi...Tags: #decrypt #bitcoin #ethereum, Business
5ire Raises $100M to Fund Expansion of Sustainable Blockchain
Pratik Gauri founded the company with fellow Indian Prateek Dwivedi and Vilma Matilla. Gauri and Dwivedi, friends for more than a decade, came up with the idea at an Indian tea shop writing the first thoughts down on a napkin.Original: https://www.coindesk.com/business/2022/07/15/5ire-raises-100m...Tags: #decrypt #bitcoin #ethereum, Business
Crypto Miner CleanSpark Continues to Take Advantage of Bear Market as it Scoops Over 1K Rigs
In June, the Las Vegas-based miner bought contracts for another 1,800 mining rigs.Original: https://www.coindesk.com/business/2022/07/14/crypto-miner-cleanspark-continues-to-take-advantage-of-bear-markets-as-it-scoops-over-1k-rigs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines...Tags: #decrypt #bitcoin #ethereum, Business
Tags: #decrypt #bitcoin #ethereum, Markets
Circle’s Detailed Reserve Report Shows Only Cash, Short-Term Treasurys Back USDC Stablecoin
The asset breakdown comes at a time when crypto firms and their finances are under increased scrutiny in the on-going crypto credit crisis.Original: https://www.coindesk.com/markets/2022/07/14/circles-detailed-reserve-report-shows-only-cash-short-term-treasurys-back-usdc-stablecoin/?utm_medium=re...Tags: #decrypt #bitcoin #ethereum, Markets
Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy
Celsius’ mining unit said to have auctioned off some of its newly purchased mining rigs at low-high $20/TH price back in June, before filing for bankruptcy.Original: https://www.coindesk.com/business/2022/07/14/bitcoin-mining-rig-prices-slump-to-near-2-year-lows-amid-celsius-bankruptcy/?utm...Tags: #decrypt #bitcoin #ethereum, Business
MATIC Surges as Disney Chooses Polygon for Accelerator Program
The Ethereum scaling tool is one of six companies selected by the media and entertainment giant to be a part of its new program.Original: https://www.coindesk.com/business/2022/07/13/polygon-joins-disneys-accelerator-program-to-develop-ar-nft-and-ai-experiences/?utm_medium=referral&utm_source...Tags: #decrypt #bitcoin #ethereum, Business
Celsius' Mining Unit Files for Bankruptcy Just Months After Announcing IPO Intention
The mining unit filed for bankruptcy just few months after it said it intends to go public.Original: https://www.coindesk.com/business/2022/07/14/celsius-mining-unit-files-for-bankruptcy-just-months-after-announcing-ipo-intention/?utm_medium=referral&utm_source=rss&utm_campaign=headlines ...Tags: #decrypt #bitcoin #ethereum, Business
Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections
Deputies were originally scheduled to consider the text this week, which has already been approved by the Senate.Original: https://www.coindesk.com/policy/2022/07/14/brazilian-congress-postpones-crypto-bill-vote-until-after-october-presidential-elections/?utm_medium=referral&utm_source=rss&am...Tags: #decrypt #bitcoin #ethereum, Policy
Crypto Traders Say Inflation Already Priced Into Bitcoin
“It’s the same old devastating and boring accumulation phase,” one trader shared.Original: https://www.coindesk.com/markets/2022/07/14/crypto-traders-see-few-tailwinds-for-bitcoin-prices-despite-inflation-gauge-alarms/?utm_medium=referral&utm_source=rss&utm_campaign=head...Tags: #decrypt #bitcoin #ethereum, Markets
Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike
U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.Original: https://www.coindesk.com/markets/2022/07/14/market-wrap-bitcoin-surges-as-fed-governor-talks-down-100-basis-point-rate-hi...Tags: #decrypt #bitcoin #ethereum, Markets
No, Mt. Gox Payouts Aren’t Going to Torpedo Bitcoin's Price
Mostly because honey badger don’t care. But also, logistics.Original: https://www.coindesk.com/markets/2022/07/14/no-mt-gox-payouts-arent-going-to-torpedo-bitcoins-price/?utm_medium=referral&utm_source=rss&utm_campaign=headlines By: George KaloudisPosted: July 14, 2022, 8:16 pmTags: #decrypt #bitcoin #ethereum, Markets
Celsius Acknowledges $1.2B Hole in Balance Sheet
The news comes after the ailing crypto lender filed for bankruptcy protection Wednesday.Original: https://www.coindesk.com/business/2022/07/14/celsius-acknowledges-12b-hole-in-balance-sheet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines By: Krisztian SandorPosted: July 14, 20...Tags: #decrypt #bitcoin #ethereum, Business
OpenSea Lays Off Roughly 20% of Its Staff
CEO Devin Finzer blamed the move on an “unprecedented combination of crypto winter and broad macroeconomic instability.”Original: https://www.coindesk.com/business/2022/07/14/opensea-lays-off-roughly-20-of-its-staff/?utm_medium=referral&utm_source=rss&utm_campaign=headlines By...Tags: #decrypt #bitcoin #ethereum, Business
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