Bitcoin price attempted a recovery wave above the USD 22,000 resistance. BTC even cleared the USD 22,500 level, but the bears were active near USD 23,000. BTC is currently (11:44 UTC) trading near USD 21,200 and is unchanged in a day and down 26% in a week. Similarly, most major altcoins failed to clear…
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A torrid week for the users and operators of the crypto lender Celsius Network (CEL) is continuing – with restructuring lawyers reportedly called in to help enact emergency measures. Meanwhile, CEL is on a roller coaster today…. Read More: Celsius Reportedly Hiring ‘Restructuring Lawyers’ as Bankruptcy Speculation Mounts, CEL Pumps & Dumps Read more…
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The Tron DAO Reserve (TDR), the entity in charge of managing Tron-based stablecoins, aims to deploy another USD 500m worth of the stablecoin USD coin (USDC) to defend the peg of its algorithmic stablecoin USDD. The move comes as USDD, despite being overcollateralized, has plunged to USD 0.96, further distancing from its intended peg…
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Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls “false rumors” that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three Arrows Capital-related rumors. … Read More: Tether Condemns 3 ‘False…
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The price to short the Tron blockchain’s native token TRX reached as high as 500% annually on crypto exchange Binance today, as traders rush to place bets that the token will fall further…. Read More: Massive Short Interest Pushes Funding Rate of Tron’s TRX to Negative 500% Annually Read more »Pay, Trade, Buy Bitcoin…
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Major crypto lender Celsius (CEL) has entered boiling hot water today when it announced a halt to withdrawals, transfers between accounts, and Swap – leaving the crypto industry to try and figure out how this crisis may affect it, as lenders left and right reassure their users of normal operations…. Read More: 100º Celsius: Industry Debating Possible…
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Some users of Celsius (CEL), a troubled major crypto lender, are facing liquidations of their trading positions as the crypto market crashes and industry players discuss (in)solvency of Celsius and chances to sue the company. To make things worse, the company has also suspended withdrawals, Swaps, and transfers between accounts, hindering even those users…
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South Korea’s OK Financial Group – one of the nation’s biggest moneylenders and savings banking services providers – has unveiled plans to create a cryptoasset. The company will become one of a growing cohort of firms that are hoping to launch tokens, and this appears to indicate that the days of the nationwide ban…
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American regulators have waded into the aftermath of the terraUSD (UST) crash last month – and the coin’s operators could face trouble at the hands of United States courts and the Securities and Exchange Commission (SEC)…. Read More: SEC Reportedly Looking into UST ‘Federal Violations’ of ‘Investor Protection Regulations’ Read more »Pay, Trade, Buy…
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Bitcoin price moved lower in a range and tested the USD 30,000 level before recovering. It is currently (11:48 UTC) still stuck in its usual range and trades near USD 30,400. BTC is unchanged in a day and up almost 3% in a week. Similarly, most major altcoins are trading in a range. ETH…
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