Business

Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi

[ad_1] The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending providers like Babel Finance and staking providers like Celsius.On June 22, Voyager Digital, a New York-based digital assets lending and yield company listed on the Toronto Stock exchange, saw its shares drop nearly 60% after revealing a $655 million exposure to Three Arrows Capital.Voyager
BLOCKCHAIN

Binance Launches Zero-Charge Bitcoin Trading for American Customers

[ad_1] Binance.US in an effort to encourage more activity during this tough bear market, has begun to provide zero-fee trading for Bitcoin to its American customers. Binance.US’s CEO Brian Shroder said that “Since inception, we have been known for our really low fees.” Furthermore, he added zero-fee trading would result in "positive user sentiment," which would attract more users. Currently, the promotion is only available to BTC users in the
Bitcoin News

New Solar-Powered Bitcoin Miner Launches Operations Despite Difficult Market

[ad_1] A new bitcoin miner has begun operating at a 6 MW solar-powered facility in western Colorado, despite the present bearish market for cryptocurrencies. The mining operation of Aspen Creek Digital Corporation (ACDC), which was established in January of this year, is housed within a 10-megawatt solar farm. According to a statement provided to CoinDesk, the company intends to start with bitcoin mining at its data center and eventually provide
Business

‘Foolish’ to deny Bitcoin price can go under $10K — Analysis

[ad_1] Bitcoin (BTC) preserved $20,000 for another day on June 23 with calls for another 20% drop still surfacing.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin under $10,000 not impossibleData from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging just above the $20,000 mark over the 24 hours to the time of writing.As ever, the behavior reflected moves in United States equities markets, which stayed flat on the day.Remarks by Federal Reserve
Business

Could NFA become the next big acronym in the crypto space?

[ad_1] Airdrops have become the bread and butter of the crypto world — for good reason.They're an indispensable marketing tool for up-and-coming projects that want to create a buzz around their ecosystems.Done right, distributing free tokens to the public can help elevate demand — and unlock big benefits for recipients. After all, if these altcoins end up being listed on major exchanges at a later date, their value could explode.Unfortunately
Business

Ethereum risks ‘bull trap’ after 25% ETH price rebound

[ad_1] Ethereum's token Ether (ETH) could be entering a "bull trap" zone after rebounding back above the $1,000 mark from 18-month lows of $885. Ether price paints a "rising wedge"The first among these indicators is a "rising wedge," a classic bearish reversal setup that forms after the price trends upward inside a range defined by two ascending but converging trendlines. The wedge setup gains further confirmation if the trading volume drops
BLOCKCHAIN

How blockchain can open up energy markets: EU DLT expert explains

[ad_1] Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies. The authors of a recently published EUBlockchain Observatory report “Blockchain Applications in the Energy Sector” are convinced that distributed