Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers
BitcoinPlace: Bitcoin and Crypto news all in one place
Prices have been declining across the crypto market and with it has come to a lot of doubt on the part of investors. This is reflected in the deposit and withdrawal trends recorded across the various crypto exchanges. One of these has been the funding rates which had remained flat for the better part of the first half of 2022. However, there has now been some movement in the funding rates and it is unfortunately not for the better. Funding Rates Turn Negative Two leading crypto exchanges have seen negative crypto funding rates for the past week. Binance and ByBit...
CoinDesk: Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding
Beleaguered crypto firm Three Arrows Capital filed for bankruptcy late Friday.
Monstercat CEO Mike Darlington and Metalink founder Jake Udell chat with NFT Steez about the future of Web3 and music NFTs.
The reductions come amid a crypto market crash, and after the return of Ignite’s controversial ex-CEO.
It’s “D” Day for India as the crypto community deals with the imposition of the most controversial tax provision today. Calculating the predicted impact of the tax will be a wait-and-watch game at a time when the global investment community is facing a slowdown.
Goldman Sachs analysts believe Bitcoin and the crypto market could see some relief, but only further short and mid-term turmoil. A recent report from the banking institutions claims the crypto market has been moving in tandem with the U.S. stock market and thus it has been affected by the macro-economic environment. Related Reading | Why Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry The analysis was conducted by Marion Laboure and Galina Pozdnyakova and it predicts a 30% rally for Bitcoin by the end of 2022. This is still far from the cryptocurrency’s previous all-time high of around $69,000....
The FTX CEO said helping rescue crypto miners might help mitigate the credit contagion in the crypto sector.
Meta’s crypto remittances project Novi emerged after the Libra stablecoin project rebranded.
CoinTelegraph: Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip
Coinbase, Three Arrows Capital and MicroStrategy headline the latest business news from the world of blockchain.
BTC slips below $19K in fifth straight daily price decline. Stocks headed for their worst first half since the 1970s as a consumer-spending slowdown stokes fresh recession concerns.
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company was “temporarily suspending trading, deposits, withdrawals and loyalty rewards.” Another
A new staking mechanism through RADAR token has been created that is set to minimize gas fees and support recurring APR across multiple blockchains.