Business

British Virgin Islands court reportedly orders to liquidate 3AC

[ad_1] Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation.A court in the British Virgin Islands ordered the liquidation of Singapore-based 3AC on Monday, the British news agency Sky News reported on Wednesday.The information in the report refers to an unspecified person familiar with the matter. Three Arrows Capital did not immediately respond to Cointelegraph’s request for comment.Three Arrows
BLOCKCHAIN

Bitcoin advocate criticized for backing wallet authentication project

[ad_1] Crypto Twitter has gone after Nic Carter, a prominent advocate of Bitcoin (BTC), for his involvement in Dynamic, a third-party wallet authentication project that could potentially prevent wallet transactions to be performed if a wallet is categorized as risky. In a tweet, Carter shared his excitement in backing the project, tweeting Dynamic's announcement about a recently completed $7.5 million raise led by Andreessen Horowitz (a16z). Following this, users flocked to
BUY/SELL

No flexing for Bitcoin Cash users as BCH loses 98% against Bitcoin

[ad_1] Bitcoin (BTC) has hit new record highs this week — not in U.S. dollar terms, but against its longtime competitor, Bitcoin Cash (BCH).Data from Cointelegraph Markets Pro and TradingView confirms that on June 29, BCH/BTC officially set its lowest ever price.CoinFLEX debacle ensnares BCH supporter VerBitcoin Cash, also known as “Bcash” by those critical of the coin’s ethos and future, gained notoriety in 2017 when it became the first
Bitcoin News

Tezro: Social Messaging and Payment Platform Built on Blockchain Technology

[ad_1] Advertisment Cryptocurrency has created so much buzz over the past five years, and so many people have made a fortune from this digital oilfield. However, many others cannot figure out their way around its complexities. Therefore, a solution must be created as soon as possible because of its volatility and tendency to lose big if not approached with adequate knowledge, as this will foster wider adoption of cryptocurrency globally.
BUY/SELL

Bitcoin price limps under $20K as Asia extends global stocks weakness

[ad_1] Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders looks to $19,500 for supportData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it crossed below the $20,000 mark for the first time in nearly a week in Asian trading hours.The weakness followed rangebound behavior near $21,000, this characterizing a market still in tune with moves
ALTCOIN

Trader puts faith in crypto despite the failed first investment

[ad_1] From the highs of feeling like a total genius to the lows of downward price movements, crypto investing has taken Dubai-based trader JC Enriquez on a roller coaster ride. In an interview with Cointelegraph, Enriquez shared his crypto trading journey, starting from his first encounter with digital assets. According to the trader, it all started when a friend asked him about his plans for the future. After sharing his dreams
BLOCKCHAIN

Bear market will last until crypto apps are actually useful: Mark Cuban

[ad_1] Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won’t be over until there’s a better focus on applications with utility.He also doesn’t think the market has hit “cheap” prices yet. Cuban has stated in the past around 80% of his non-Shark Tank portfolio was in crypto. Appearing on a June
BLOCKCHAIN

MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds

[ad_1] MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai (DAI) stablecoins into a combination of United States treasuries and bonds.Following a straw poll in a governance Signal Request, the decentralized autonomous organization (DAO) members now must decide whether the dormant DAI should go entirely into short-term treasuries or split 80% into treasuries and 20%