📰 BitGo to Sue Galaxy Digital For Pulling Out of $1.2 Billion Acquisition Deal
A few hours after Galaxy Digital disclosed its intention to cancel the BitGo acquisition agreement, BitGo made a move to sue Galaxy Digital for the payment of a $100 million termination fee.
A few hours after Galaxy Digital disclosed its intention to cancel the BitGo acquisition agreement, BitGo made a move to sue Galaxy Digital for the payment of a $100 million termination fee.
MyCryptoParadise
BitGo to Sue Galaxy Digital For Pulling Out of $1.2 Billion Acquisition Deal
A few hours after Galaxy Digital disclosed its intention to cancel the BitGo acquisition agreement, BitGo made a move to sue Galaxy Digital for the
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📰Crypto Lender Hodlnaut Files For Creditors Protection
Like other troubled lending firms, the Singapore-based crypto lending firm Hodlnaut has filed for breathing space for protection against its creditors.
Like other troubled lending firms, the Singapore-based crypto lending firm Hodlnaut has filed for breathing space for protection against its creditors.
MyCryptoParadise
Crypto Lender Hodlnaut Files For Creditors Protection
Like other troubled lending firms, the Singapore-based crypto lending firm Hodlnaut has filed for breathing space for protection against its creditors.
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📰BTC Miner Stronghold Sells Mining Machines to Reduce Debt
As crypto firms continue to account for the effect of the May crypto crash, Stronghold in its case is planning to sell off its mining machines as part of strategies to ease its debt burden.
As crypto firms continue to account for the effect of the May crypto crash, Stronghold in its case is planning to sell off its mining machines as part of strategies to ease its debt burden.
MyCryptoParadise
BTC Miner Stronghold Sells Mining Machines to Reduce Debt
As crypto firms continue to account for the effect of the May crypto crash, Stronghold in its case is planning to sell off its mining machines as part of
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📰Fed shifted the market's estimated probability on 75bps in September from 60% this AM back down to 40%.
📰General interpretation of Minutes is dovish-neutral.
📰General interpretation of Minutes is dovish-neutral.
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📰ETH Merge Will Not Affect Gas Fees, Transaction Speed, ETH Staking - Developers
As the crypto community approaches the speculated mainnet merge date, there have been many misconceptions in the crypto world about its effect on Transaction speed, staking, and Gas fees.
As the crypto community approaches the speculated mainnet merge date, there have been many misconceptions in the crypto world about its effect on Transaction speed, staking, and Gas fees.
MyCryptoParadise
ETH Merge Will Not Affect Gas Fees, Transaction Speed, ETH Staking - Developers
As the crypto community approaches the speculated mainnet merge date, there have been many misconceptions in the crypto world about its effect on
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📰 Fake Manchester United Token up by 3000% Following Elon Musk Jokes About Buying the Team
It was a hilarious Wednesday when the prominent Twitter user, Elon Musk took to Twitter to joke about buying the British soccer club, Manchester United, a tweet that influenced the fake Manchester United token to soar by 3000%.
It was a hilarious Wednesday when the prominent Twitter user, Elon Musk took to Twitter to joke about buying the British soccer club, Manchester United, a tweet that influenced the fake Manchester United token to soar by 3000%.
MyCryptoParadise
Fake Manchester United Token up by 3000% Following Elon Musk Jokes About Buying the Team
It was a hilarious Wednesday when the prominent Twitter user, Elon Musk took to Twitter to joke about buying the British soccer club, Manchester United, a
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📰 Investors Are Dumping USDC For USDT, Over $1.5 Billion Dumps So Far
Data revealed by the Coinmarketcap earlier this week showed that investors over the past months have been dumping the stablecoin USDC for the rival USDT as US regulators clamped down on crypto firms.
Data revealed by the Coinmarketcap earlier this week showed that investors over the past months have been dumping the stablecoin USDC for the rival USDT as US regulators clamped down on crypto firms.
MyCryptoParadise
Investors Are Dumping USDC For USDT, Over $1.5 Billion Dumps So far
Data revealed by the Coinmarketcap earlier this week showed that investors over the past months have been dumping the stablecoin USDC for the rival USDT
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📰Huobi Stablecoin Depeged to $0.8, Huobi Explains Why
Since the unexpected collapse of TerraUSD, quite a lot of investors have been doubting the stability of stablecoins available in the crypto market, and since the TerraUSD event, there have been some brief episodes that involve stablecoins losing their peg value, the latest event is HUSD.
Since the unexpected collapse of TerraUSD, quite a lot of investors have been doubting the stability of stablecoins available in the crypto market, and since the TerraUSD event, there have been some brief episodes that involve stablecoins losing their peg value, the latest event is HUSD.
MyCryptoParadise
Huobi Stablecoin Depeged to $0.8, Huobi Explains Why
Since the unexpected collapse of TerraUSD, quite a lot of investors have been doubting the stability of stablecoins available in the crypto market, and
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📰Crypto Broker Genesis Laid Off 20% of its Workforce
Some weeks after the court filings showed that the crypto broker Genesis lent $2.4 billion to the now insolvent crypto hedge funds, Three Arrow Capital, Genesis Global Trading has decided to lay off 20% of its staff.
Some weeks after the court filings showed that the crypto broker Genesis lent $2.4 billion to the now insolvent crypto hedge funds, Three Arrow Capital, Genesis Global Trading has decided to lay off 20% of its staff.
MyCryptoParadise
Crypto Broker Genesis Laid Off 20% of its Workforce
Some weeks after the court filings showed that the crypto broker Genesis lent $2.4 billion to the now insolvent crypto hedge funds, Three Arrow Capital,
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📰Google Invests 1.5 Billion in Blockchain Companies, New Data Suggests
As crypto acceptance is on the rise among young people worldwide, companies, especially tech giants are in the race to integrate crypto-related services into their product offerings to have wide client coverage.
As crypto acceptance is on the rise among young people worldwide, companies, especially tech giants are in the race to integrate crypto-related services into their product offerings to have wide client coverage.
MyCryptoParadise
Google Invests 1.5 Billion in Blockchain Companies, New Data Suggests
As crypto acceptance is on the rise among young people worldwide, companies, especially tech giants are in the race to integrate crypto-related services
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📰Coinbase Will Freeze ETH Withdrawals and Deposits During the Mainnet Merge
Brian Armstrong's Coinbase has announced last week that it will pause the withdrawals and deposits of Ethereum and ERC-20 tokens during the Ethereum merge as a precautionary measure.
Brian Armstrong's Coinbase has announced last week that it will pause the withdrawals and deposits of Ethereum and ERC-20 tokens during the Ethereum merge as a precautionary measure.
MyCryptoParadise
Coinbase Will Freeze ETH Withdrawals and Deposits During the Mainnet Merge
Brian Armstrong's Coinbase has announced last week that it will pause the withdrawals, and deposits of Ethereum and ERC-20 tokens during the Ethereum
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📰 Lending Firm Hodlnaut Lays Off 80% of its Staff, Confirms Police Investigations
Days after freezing withdrawals on its platform and filing for creditors' protection, the troubled Singapore-based crypto lending firm Hodlnaut announced that it is cutting 80% of its employees.
Days after freezing withdrawals on its platform and filing for creditors' protection, the troubled Singapore-based crypto lending firm Hodlnaut announced that it is cutting 80% of its employees.
MyCryptoParadise
Lending Firm Hodlnaut Lays Off 80% of its Staff, Confirms Police Investigations
Days after freezing withdrawals on its platform and filing for creditors' protection, the troubled Singapore-based crypto lending firm Hodlnaut announced
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📰FTX CEO Clarifies Misconstrued Claims of FTX.US Being FDIC Insured
The CEO of FTX cryptocurrency exchange, Sam Bankman-Fried took to Twitter on Friday by responding to misinterpreted claims that the crypto exchange is FDIC insured.
The CEO of FTX cryptocurrency exchange, Sam Bankman-Fried took to Twitter on Friday by responding to misinterpreted claims that the crypto exchange is FDIC insured.
MyCryptoParadise
FTX CEO Clarifies Misconstrued Claims of FTX.US Being FDIC Insured
The CEO of FTX cryptocurrency exchange, Sam Bankman-Fried took to Twitter on Friday by responding to misinterpreted claims that the crypto exchange is
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📰Mirae Assets and Samsung Securities, Five Others to Establish Cryptocurrency Exchanges in South Korea
Samsung Securities, a subsidiary of Samsung, and Mirae Assets Securities among others are currently seeking approval to launch Bitcoin and other cryptocurrencies exchanges from South Korean regulators.
Samsung Securities, a subsidiary of Samsung, and Mirae Assets Securities among others are currently seeking approval to launch Bitcoin and other cryptocurrencies exchanges from South Korean regulators.
MyCryptoParadise
Five Others to Establish Cryptocurrency Exchanges in South Korea
Samsung Securities, a subsidiary of Samsung, and Mirae Assets Securities among others are currently seeking approval to launch Bitcoin and other
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📰PayPal Joins Coinbase’s TRUST Initiative
In compliance with the financial industry Travel Rule, Paypal has joined Coinbase’s TRUST network as per the announcement by Coinbase on Tuesday.
In compliance with the financial industry Travel Rule, Paypal has joined Coinbase’s TRUST network as per the announcement by Coinbase on Tuesday.
MyCryptoParadise
PayPal Joins Coinbase’s TRUST Initiative
In compliance with the financial industry Travel Rule, Paypal has joined Coinbase’s TRUST network as per the announcement by Coinbase on Tuesday. It is
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📰 Despite US Treasury Sanction, Tether Says it will not Freeze Tornado Cash Addresses
The company behind the largest stablecoin by market cap, Tether says it will not comply with the US Treasury sanction on Tornado Cash, which means USDT holders can still use the smart contract to obfuscate their funds.
The company behind the largest stablecoin by market cap, Tether says it will not comply with the US Treasury sanction on Tornado Cash, which means USDT holders can still use the smart contract to obfuscate their funds.
MyCryptoParadise
Despite US Treasury Sanction, Tether Says it will not Freeze Tornado Cash Addresses
The company behind the largest stablecoin by market cap, Tether says it will not comply with the US Treasury sanction on Tornado Cash, which means USDT
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📰Today we have US PCE data, this is without a doubt the most important data point to determine what the FED is going to do going forward.
Why is PCE data so important you might ask?
📰Let us clarify that for you; Previously the FED has made it clear that PCE data is their preferred gauge of inflation. The data in June showed that it jumped to its highest 12-month gain in more than 40 years as per the Bureau of Economic Analysis. It was also evident in the recent FED meeting minutes that this metric is a point of focus in regard to future policy.
📰If PCE shows a peak in July and begins to trend lower from here we can expect risk appetite to increase and potentially even form a bottom in terms of a potential FED policy shift. Conversely when PCE has not peaked the FED will continue to tighten which will be bearish risk.
Why is PCE data so important you might ask?
📰Let us clarify that for you; Previously the FED has made it clear that PCE data is their preferred gauge of inflation. The data in June showed that it jumped to its highest 12-month gain in more than 40 years as per the Bureau of Economic Analysis. It was also evident in the recent FED meeting minutes that this metric is a point of focus in regard to future policy.
📰If PCE shows a peak in July and begins to trend lower from here we can expect risk appetite to increase and potentially even form a bottom in terms of a potential FED policy shift. Conversely when PCE has not peaked the FED will continue to tighten which will be bearish risk.
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