Summary: Voyager Digital lawyers submitted a court filing in response to a proposal from FTX supposedly geared toward making customers whole. FTX offered early liquidity to Voyager customers as the crypto platform is faced with bankruptcy. CEO of the crypto exchange Sam Bankman-Fried expanded on the offer via a Twitter...
Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra ecosystem. Meanwhile, authorities in South Korea are conducting a thorough investigation of Terraform. Terra’s legal woes continue to mount as...
Singapore-based Zipmex is considering a possible buyout offer Zipmex had earlier halted its withdrawals citing extreme market conditions Singapore-based cryptocurrency exchange Zipmex has tweeted a new announcement stating that it’s currently in talks with “interested parties” considering a possible investment/buyout. The exchange has joined the growing bandwagon of crypto platforms...
Summary: Arthur Hayes has forecasted that Bitcoin’s most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different. He sees the rally from $18k levels to $24k as a potential ‘short covering.’...
Summary: FTX is reportedly in talks to acquire the South-Korea based Bithumb crypto exchange. The Sam Bankman-Fried-led crypto exchange was reported to be raising funds earlier this week after carrying out a shopping and bailout spree in the last few weeks. The Sam Bankman-Fried crypto exchange FTX is reportedly in...
Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk’s one-eighty-degree turn on the $44 billion acquisition deal as the main reasons for the negative earnings. Social media...
Summary: Three Arrows Capital bosses are on their way to Dubai as 3AC liquidation proceeds. Su Zhu told Bloomberg that he and Davies have received death threats and prefer to keep a low profile for now. The founder also tagged recent events surrounding the crypto hedge fund as regrettable and...
BlockFi released its transparency report for Q2 2022. The platform had $1.8 billion in outstanding loans in Q2. The company is taking a number of measures to manage liquidity risks. BlockFi has released its transparency report for Q2 2022, and it gives a good picture of how the market crash...
South Korean authorities have raided the home of Terraform Labs co-founder Daniel Shin. Officials also recently sent prosecutors and investigators to seven cryptocurrency exchanges in connection with the case. The Terraform Labs investigation is ramping up, but it is far from over. South Korean officials have taken another step forward...
Linkedin Founder Reid Hoffman is all set to launch his NFT collection on Magic Eden The collection uses images generated by the OpenAl image generating platform Dall-E LinkedIn founder Reid Hoffman took to Twitter to share his NFT initiative, adding that he is experimenting and creating NFTs via OpenAI powered...
