Crypto Team Build
Gemini Denies Bitcoin Loan Rumors
The crypto exchange said today that it did not lend 100,000 BTC to any counterparties. Key Takeaways Gemini has denied rumors today that it lent 100,000 BTC ($3 billion) to BlackRock and Citadel. An unsourced rumor suggested the companies dumped the borrowed crypto, causing TerraUSD’s price drop. UST is currently valued at $0.65, below its intended $1.00 price peg but above the $0.32 mark touched earlier today. Gemini, a leading crypto exchange, has denied rumors suggesting that it made a large Bitcoin loan which contributed to UST’s stability crisis. Gemini Denies Lending Rumors Gemini has denied rumors that it issued […]
Michael Saylor: MicroStrategy Could Post Some Other Collateral for its Loan Besides its 115k BTC, if Bitcoin Drops below $3,562
Cryptocurrency Quick take: Michael Saylor has clarified that MicroStrategy can collateralize its $205 million loan from SilverGate bank with its 115,109 Bitcoin holdings He also added that Microstrategy could post ‘some other type’ of collateral if Bitcoin fell below $3,562 There have been a lot of murmurs about Microstrategy getting a margin call on its loan if Bitcoin fell below $21k Mr. Saylor had joked about working for McDonald’s as Bitcoin crashed below $32k and $30k Microstrategy’s CEO, Michael Saylor, has clarified via Twitter that the company’s $205 million loan from Silvergate bank needs to maintain a $410 million collateral. […]
Aussie crypto exchange CoinJar rolls our improved platform design
CoinJar, an Australian-based bitcoin & crypto exchange company, announced today that it has successfully rolled out a newly upgraded exchange platform. A number of tweaks and upgrades are now implemened on CoinJar’s trading platform, including: All new order book display. Customizable, information-rich design. Adaptive scrollbar for easier graph navigation. Layout performance improvements. CoinJar Exchange provides a set of modern and efficient APIs for developers to create automated trading strategies or access market data. “Offering 125 AUD, GBP, BTC, and USD stablecoin trading pairs, 0 taker fees (and maker fees that start at a low 0.1%), and one of the fastest […]
