June 2022 / 76 posts found
3AC Insolvency Rumours Cause Further Crypto Market Jitters
Bitcoin Reading Time: 2 minutes Rumours over the solvency of 3AC has caused crypto market jitters 3AC has failed to quell the waters over its purported $1 billion loan default A 0.75% U.S. interest rate hike has also played a part on Bitcoin dropping to yesterday’s lows Rumours about the solvency of crypto hedge fund Three Arrows Capital (3AC) has caused more jitters in the cryptocurrency market, with fears that the ripple effect could be temporarily devastating for asset prices. The Singapore-based hedge fund has refused to comment on speculation that it is massively underwater following claims that it has […]
Michael Saylor says MicroStrategy’s Bitcoin Strategy Factors in Volatility and its Balance Sheet is Structured to Keep Hodling BTC
Key takeaways: Michael Saylor has explained that MicroStrategy’s Bitcoin strategy factors in crypto market volatility. He also added that MicroStrategy’s balance sheet is structured so that the company can continue to hold BTC through adversity. Mr. Saylor’s comments come in the wake of Bitcoin slipping below the magic $21k price level that has been highlighted as an area for MicroStrategy to receive a margin call on its $205 million loan. Michael Saylor has stated via Twitter that MicroStrategy’s Bitcoin strategy was designed to factor in crypto volatility such as the one being experienced in the markets right now. Mr. Saylor […]
The crypto market has now lost $2 trillion in value. Here are 5 shocking facts from crypto’s Black Monday
Cryptocurrency 5 shocking facts from crypto’s Black Monday | Fortune You need to enable JavaScript to view this site. Read More
Billionaire Stanley Druckenmiller Says He Would Rather Own Bitcoin as Recession Beckons
Cryptocurrency American billionaire investor Stanley Druckenmiller warned the U.S. economy will slip into recession next year, and said that he would rather “own more bitcoin (BTC) than gold” amid rising inflation. Druckenmiller, founder of hedge fund Duquesne Capital, also said “we are six months into a bear market…it’s highly probable that the bear market has a ways to run” and that the stock market rout was not over just yet. Speaking at the virtual 2022 Sohn Investment Conference last Thursday, Druckenmiller said most indicators pointed toward an economy heading south. “Inflation has never come down without a recession and I […]
Tron DAO Buys $50M Worth of Bitcoin and TRX to add to USDD Reserves
Cryptocurrency Key takeaways: Tron DAO Reserve has announced that it has purchased Bitcoin and TRX worth $50 million to add to USDD’s reserves. USDD is currently overcollateralized to the tune of 197%. The stablecoin of USDD is now backed by 14,040.6 Bitcoin, 140 million USDT, and 1.906 billion in TRX. The purchase of Bitcoin and TRX comes when BTC retests the $28k support level. Tron DAO reserve, the organization behind the management of USDD’s reserves, has just announced that it has purchased $50 million worth of Bitcoin (BTC) and Tron (TRX). The announcement of the purchase was made through the […]
Snoop Dogg, Justin Sun Up Jack Dorsey’s Web5 by Saying they Are Working on Web6
Key takeaways: Snoop Dogg and Justin Sun have stated that they are working on Web6. Jack Dorsey had earlier announced that TBD was working on Web5 on the Bitcoin Network. The founder and former CEO of Tron, Justin Sun, has announced via Twitter that he is working on Web6. Mr. Sun’s Tweet comes on the backdrop of Twitter’s Jack Dorsey announcing that TBD, a subsidiary of Block (formerly Square), was working on building Web5: an extra decentralized platform. Justin Sun‘s tweet making the announcement can be found below. #web6 for me https://t.co/bjPKxLt9UL — H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) June 11, […]
The Bitcoin Policy Institute Helps Shape Political Discourse
Bitcoin You don’t have permission to access “http://www.nasdaq.com/articles/the-bitcoin-policy-institute-helps-shape-political-discourse” on this server. Reference #18.34c1ce17.1654921181.1d2718e9 Read More