Three Arrows Capital (3AC), a large hedge fund focusing on cryptocurrencies, is facing the sale of assets, a knowledgeable source told CNBC, another sign of the crisis the cryptocurrency industry is going through. Teneo has been hired in recent days to deal with the sale process, the source said, speaking on condition of anonymity. Sky […]
Tag: Cryptocurrencies
Forex Today – Asian Session: Inflation and Recession Fears Continue to Drive Financial Markets
What to watch for on Wednesday, June 29: The US dollar resumed its advance on Tuesday, ending the day with gains against most major rivals amid renewed fears related to inflation and recession. The BC Consumer Confidence Index fell in June to 98.7, its lowest level since February 2021. More relevantly, the survey showed that […]
How Internet influencers got people around their necks with cryptocurrencies
By Lionel Laurent There are not many positive aspects that can be found in the crash of cryptocurrencies. People have lost money – and often those who can not afford it. But a welcome victim is the army of “laser” influencers on social media, toxic supporters of what should certainly be classified as one of […]
The 3AC cryptocurrency hedge fund faces the risk of bankruptcy
Three Arrows Capital (3AC), a hedge fund focusing on cryptocurrencies, is facing the risk of defaulting on 670m euros in loans, a development that fears it could have a chain reaction in the market. 3AC is one of the most important hedge funds in the field of cryptocurrencies and is mainly known for its high […]
Former cryptocurrency billionaire insists: ‘Bitcoin will skyrocket to $ 250,000 over 18 months’
By John Hyatt In an interview with Forbes last January, investor Tim Draper made an. Ambitious prediction: the value of Bitcoin will jump to $ 250,000 in a year. At the time in question, Bitcoin was worth about $ 41,000. “It will be done this year,” insisted Draper, who paid $ 18.7 million at a […]
JP Morgan: Bitcoin miners selling their tokens could push its price even lower
Bitcoin miners selling their tokens could push down the price of the largest cryptocurrency for some time, according to JP Morgan, according to Bloomberg. Listed miners, who account for about 20 percent of the total, already sold Bitcoin in May and June to increase liquidity, cover mining and leverage costs, say JPMorgan strategic analysts. Private […]
SEC commissioner opposes bailout of cryptocurrency companies – Crisis highlights innovators, says
By Steven Ehrlich US Securities and Exchange Commission (SEC) commissioner Hester Peirce is among those who believe the recent cryptocurrency crash could put the industry on a more sustainable footing. “When the situation is a little more difficult in the market, you find out who is really creating something that may or may not last […]
‘Lifebuoy’ to BlockFi and Voyager cryptocurrencies by FTX Bankman-Fried
At a time when no central bank seems willing to help cryptocurrency companies sinking into the vortex of the recent sell-off in the industry, some of them are looking for a “helping hand” to their rivals. And billionaire Sam Bankman-Fried, head of the FTX cryptocurrency exchange and one of the richest people in the industry, […]
Another stablecoin algorithm fell below $ 1 – Could it have the same impact as terraUSD?
A controversial stablecoin created just before the collapse of a similar terraUSD called struggling to maintain its connection to the one dollar. notes CNBC. The USDD, an “algorithmic” stablecoin that is always destined to be worth $ 1, fell to 93 cents on Sunday. The creator of the currency has amassed a stock of Bitcoin […]
Analyst warns that Bitcoin could fall to $ 13,000
If the previous cryptocurrency bubbles were an example, Bitcoin could fall a lot further. This is supported by an analyst, who warns that the most popular cryptocurrency in the world is likely to fall to $ 13,000, a drop of almost 40% compared to current levels. “We will continue to sell cryptocurrencies in this environment,” […]
