Tag: bitcoin trader

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Celsius Saga Continues: New Filings Reveal ‘Delusional’ Plan for ‘Standalone Reorganization’, Says a Lawyer

August 16, 2022

The drama surrounding the troubled crypto lender Celsius (CEL) continues, with a new omnibus reply and a PowerPoint presentation that outlines plans for a “standalone reorganization” described by one lawyer as “delusional.”… Read More: Celsius Saga Continues: New Filings Reveal ‘Delusional’ Plan for ‘Standalone Reorganization’, Says a Lawyer  Read more »Pay, Trade, Buy Bitcoin with…
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Brazil brokerage giant with 3.6M clients launches BTC and ETH trading

August 16, 2022

XP Inc has become the latest Brazilian fintech player to offer crypto trading services, following Nubank and MercadoLibre. Brazilian brokerage giant XP Inc has officially launched its crypto trading platform XTAGE in Brazil, bringing a potential 3.6 million users to the crypto markets.  The news was broke in a Monday post by the Nasdaq Exchange…
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Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation

August 16, 2022

Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan. Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market. The crypto…
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Do Kwon breaking silence triggers responses from the community

August 16, 2022

While Tornado Cash developers are fearing for their lives, Do Kwon is “partying,” according to podcaster Eric Conner. As the Terra (LUNA) co-founder and CEO Do Kwon breaks his silence about the collapse of the algorithmic stablecoin Terra USD (UST) and LUNA, the community responded with various sentiments against the Terra executive.  Despite Kwon’s attempts…
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Blue chip NFT performance fails recovery, but investors HODL even harder

August 16, 2022

In the last 30 days, over 53% of NFT investors made losses on sale trades. Despite the cold market sentiment, the number of investors that hold their NFT investments continues to rise. The market performance of blue chip nonfungible tokens (NFTs), often considered a good long-term investment, revisited its all-time low range for the second…
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Court filings reveal Celsius will run out of money by October

August 16, 2022

Celsius Network has been heading down a slippery slope since it filed for bankruptcy in July. Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents. Filed on Aug. 14 to the U.S. Bankruptcy Court of the Southern District of New York,…
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Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing

August 16, 2022

Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure to deliver” audited financial statements for 2021. Galaxy Ends Deal With the Crypto Custodian Bitgo …
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‘Durmientes’ Aims to Be One of the First Films Funded Fully With NFT Sales in Latam

August 16, 2022

“Durmientes,” a new movie that will be directed by Gibran Bazan, a Mexican filmmaker, aims to be funded fully by the sale of a series of non-fungible tokens (NFTs). The NFTs, which will be sold on Metaown, a Mexico-based NFT marketplace, and designed by artist Gabriel Colin, will feature 3D models that will be connected…
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Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges

August 16, 2022

India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She…
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Bitcoin and Ethereum Consolidate Near Key Supports

August 16, 2022

Bitcoin price is trading near the USD 24,000 pivot level. BTC is still above the USD 23,500 support zone. It is currently (04:00 UTC) consolidating and might start another increase unless there is a clear move below the USD 23,500 support. Besides, most major altcoins are consolidating near key support levels. ETH is still above…
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