Insolvencies, liquidations and bankruptcies have been hot topics in the crypto community over the past few weeks. Three well-known crypto companies have filed bankruptcy protection. These include the digital currency exchange Voyager Digital and the crypto hedge fund Three Arrows Capital (3AC).. Celsius filed bankruptcy on July 13, 2022. This was 31 days after the company stopped making withdrawals. speculation during June 2nd…
Author: Penny White
Bitcoin, the most valuable crypto coin, gains marginally in market capitalization today. However, it has increased by 5.26% over the past 5 days which gives investors confidence. The trend is also being followed by other cryptocurrencies today. Bitcoin closed at US$ 20,260.20 on July 6th, 2005 at 5.54 UTC. This was an increase of 0.52%. Yesterday, the…
BTC’s price downturn has had an impact on the Bitcoin mining industry. BTC miners have had to reduce their inventories due to the price downside. This could result in constant selling pressure and a reduction of their leverage. Bitfarms, a publicly traded BTC mining company, announced that it had sold 3,000 BTC at $62 million in…
Coins.ph, a Philippines-based crypto wallet service provider, announced a partnership with the Philippine Basketball Association. This is the first time that the PBA has partnered with a crypto wallet service provider in the Philippines. The Coins.ph brand and logo will be displayed at the Philippine Cup’s premier tournament. Philippine Basketball Association partners with Crypto Firm Coins.ph…
It’s been known for a while that Gamestop was entering the NFT space. The gaming software retailer had plans to launch an NFT marketplace. Gamestop stated that it had partnered Ethereum L2 scaling project Loopring and noted that Loopring would provide ZK-rollups. Gamestop now has its Web3 non-custodial ethereum wallet. It uses ZK-rollup technology for faster transactions. It will be able to store…