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…
Category: Crypto Trends
Bitcoin miners hodl 27% less BTC after 3 months of major selling
The industry’s “hodlers of last resort” have had no choice but to sell their coins, but the trend is fiercely reversing this month, data shows. According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to…
Do Kwon breaking silence triggers responses from the community
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)…
Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation
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…
Blue chip NFT performance fails recovery, but investors HODL even harder
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…
Expansion of short-term BTC holders suggests ‘final flush’ of sellers
Short-term holders expanding their BTC holdings indicates that heavy sell-offs have taken place. A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months…
Brazil brokerage giant with 3.6M clients launches BTC and ETH trading
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…
Australian Securities Exchange takes step towards tokenized asset trading
“There’s a strong value proposition here that we can essentially tokenize any asset and bridge that into the ASX ecosystem,” said Zerocap CEO Ryan McCall. Companies on the Australian Securities Exchange (ASX) could be able to trade tokenized bonds, equities,…
Korean regulators investigate banks over $6.5B tied to Kimchi premium
South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges. South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been…
19 celebrities called out by consumer watchdog group for shilling NFTs
Consumer watchdog group Truth in Advertising says celebrities promoting non-fungible tokens (NFTs) on their social media channels is an area “rife with deception.” Consumer watchdog group Truth in Advertising (TINA.org) has called out 19 celebrities for allegedly promoting non-fungible tokens…