Industry Talk Archives - Page 8 of 12

Industry Talk

Coinbase has been approved by financial regulators in Italy

After obtaining approval from the Italian financial regulators, Coinbase can continue to provide service to Italian customers, according to CoinDesk. The San Francisco-located exchange states on its webpage that the Organismo Agenti e Mediatori (OAM) has added a fresh requirement. The OAM is now regulating crypto exchanges as part of a previously announced government decree. […]

Industry Talk

Cryptos are 90% through the recent havoc; Mike Novogratz

Mike Novogratz says centralized crypto companies like Celsius and BlockFi have exposed the rot thatdecentralization in crypto sought to remove. Mike Novogratz, the CEO of Galaxy Digital, believes that cryptocurrencies are nearly through the storminess. Caused by a massive deleveraging in the market, which has cost more than $2 trillion in value. In an interview […]

Industry Talk

FTX has some reserves to assist failing firms: Bankman-Fried

The bear market has negatively affected the operations of numerous companies, with some suspending withdrawals. FTX CEO, Sam Bankman-Fried says that the company still has some billion left to assist failing companies. The bear market has been going on for a while now. The whole cryptocurrency market has lost more than 65% of its value […]

Industry Talk

Basic Attention Token (BAT) value makes a slow rebound

Investors have been snapping up the dip in recent days, driving the Basic Attention Token (BAT) price upwards. The coin is presently changing hands at $0.4270, which is 66% higher than its lowest point in June. As a result, the market capitalization of the token has grown to more than $636 million. This BAT price […]

Industry Talk

Court orders the liquidation of Three Arrows Capital

In the British Virgin Islands, a court has ordered that Three Arrows Capital (3AC) be liquidated. Following Voyager Digital’s notification of default, the liquidation order arrived a few days later. 3AC, which manages about $1 billion in digital assets, has been embroiled in controversy since last month. When it was revealed that the fund had […]

Industry Talk

After the June collapse, Avalanche regains $14 support

June has been a difficult month for cryptocurrency investors. But there have been some signs of relief as significant coins show modest value increases. Avalanche (AVAX) is also no exception, and the currency has now recovered a crucial support region that it previously broke in June. So, where will the rally take AVAX next? Is […]

Industry Talk

Three Arrows Capital needs a lender’s assistance or asset sale

According to the co-founder of Three Arrows CAPITAL (3AC), Kyle Davies, the crypto hedge fund is looking at several options. Including being acquired by another company or asset sales. Following the end of the flash crash, some of the largest crypto exchanges liquidated the company’s leveraged positions. The Three Arrows CAPITAL team is currently in […]

Industry Talk

The bear market provides a wealth of possibilities

The cryptocurrency space is currently in a bear market, but many believe it is an opportunity for people to innovate. Cryptocurrencies have entered a bear market. The overall cryptocurrency market capitalization has dropped by more than 60% from its all-time high of $3 trillion in November 2021. Binance CEO Changpeng Zhao (CZ) says that the […]

Industry Talk

No financial or other exposure to platform 3AC, says NEXO

Nexo is attempting to allay any concerns that its business may be damaged. By the potential failure of crypto venture platform Three Arrows Capital (3AC). In a statement to Cryptonews.com, the company says: “Nexo has no financial or other exposure whatsoever to 3AC.” 3AC is co-founded by former Goldman Sachs partner Kyle Drake, one of […]

Industry Talk

Binance Collaborates with a super app enabler called Splyt

Splyt, a “super app enabler,” has partnered with Binance to bring the firm’s crypto services to the Binance mobile app. Splyt is a white-label solution that helps companies launch their own branded super app. The Binance app will be available in the Splyt App Store. The Binance app will allow users to buy, sell, and […]

Industry Talk

USDD and TRX crash: Tron DAO Reserve adds more assets

On Monday, the crypto market was hit with a slump. But for TRON, things have been steadily deteriorating since the Tron DAO Reserve had to allocate resources after its stablecoin de-pegged. The Tron DAO is a community-led project that is responsible for the maintenance and governance of the TRON network. It is similar to Ethereum’s […]

Industry Talk

In two weeks, Ripple co-founder sold 70 million XRP

Over the previous two weeks, Ripple co-founder Jed McCaleb reportedly sold around 70 million XRP. According to data from XRPscan. McCaleb, Ripple’s former chief technology officer, has been gradually selling his XRP since he left the company in 2014. He agreed to a schedule with Ripple that caps his daily sales at 500,000 XRP. It’s not […]

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