5ire Raises $100M to Fund Expansion of Sustainable Blockchain

Posted: 14 Jul 2022 08:30 PM PDT

Pratik Gauri founded the company with fellow Indian Prateek Dwivedi and Vilma Matilla. Gauri and Dwivedi, friends for more than a decade, came up with the idea at an Indian tea shop writing the first thoughts down on a napkin.

First Mover Asia: It Won't Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says

Posted: 14 Jul 2022 04:46 PM PDT

The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short-squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.

Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy

Posted: 14 Jul 2022 02:09 PM PDT

Celsius' mining unit said to have auctioned off some of its newly purchased mining rigs at low-high $20/TH price back in June, before filing for bankruptcy.

Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike

Posted: 14 Jul 2022 01:19 PM PDT

U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.

No, Mt. Gox Payouts Aren’t Going to Torpedo Bitcoin's Price

Posted: 14 Jul 2022 01:16 PM PDT

Mostly because honey badger don't care. But also, logistics.

Participación de mercado de Coinbase cae a menos de 3%, según Mizuho

Posted: 14 Jul 2022 12:58 PM PDT

Es probable que la disminución coloque a Coinbase fuera de los 10 principales exchanges cripto, según el volumen promedio en dólares.

Celsius Acknowledges $1.2B Hole in Balance Sheet

Posted: 14 Jul 2022 12:25 PM PDT

The news comes after the ailing crypto lender filed for bankruptcy protection Wednesday.

OpenSea Lays Off Roughly 20% of Its Staff

Posted: 14 Jul 2022 12:16 PM PDT

CEO Devin Finzer blamed the move on an "unprecedented combination of crypto winter and broad macroeconomic instability."

Celsius Network 'Could Stick Around' After Bankruptcy, Restructuring Expert Says

Posted: 14 Jul 2022 11:52 AM PDT

Ryan Preston Dahl, a partner at Ropes & Gray, joined CoinDesk TV's "First Mover" to discuss the crypto lender's bankruptcy filing.

Itaú, el banco privado más grande de Brasil, lanzará una plataforma de tokenización

Posted: 14 Jul 2022 11:38 AM PDT

La institución financiera también ofrecerá servicios de custodia cripto.

Circle’s Detailed Reserve Report Shows Only Cash, Short-Term Treasurys Back USDC Stablecoin

Posted: 14 Jul 2022 11:27 AM PDT

The asset breakdown comes at a time when crypto firms and their finances are under increased scrutiny in the on-going crypto credit crisis.

Uniswap Token Rallies After Being Added to Robinhood’s Crypto Trading Menu

Posted: 14 Jul 2022 11:17 AM PDT

Robinhood's addition of Uniswap sent the token higher Thursday afternoon.

Coinbase's Market Share Tumbles to Less Than 3%: Mizuho

Posted: 14 Jul 2022 11:07 AM PDT

Coinbase currently has a 2%-3% share of average trading volumes versus many large rivals, Mizuho estimated.

Brazil’s Largest Private Bank Itaú to Launch Tokenization Platform

Posted: 14 Jul 2022 10:03 AM PDT

Itaú's new business unit will, among other things, offer crypto custody services for its customers.

Kevin Rose’s Proof Acquires Divergence Engineering Team

Posted: 14 Jul 2022 10:00 AM PDT

The NFT powerhouse responsible for the Moonbirds collection is gearing up for a "social universe" launch later this summer.

Virtual Avatar Firm Hologram Raises $6.5M Seed Round

Posted: 14 Jul 2022 09:35 AM PDT

Hologram partners with online communities to help them create unique digital identities in the metaverse.

El mercado cripto de $863.000 millones podría terminarse pronto, según múltiplo de Mayer

Posted: 14 Jul 2022 09:05 AM PDT

El mercado probablemente tocó fondo en junio, con el múltiplo de Mayer cayendo por debajo de 0,5.

Ethereum’s Shadow Fork 9 Goes Live in Lead-Up to the Merge

Posted: 14 Jul 2022 08:39 AM PDT

Developers are focused on testing the integration of the MEV boost feature that will be part of the proof-of-stake validator incentives.

Analysts See Recovery for CEL Token Despite Celsius Bankruptcy

Posted: 14 Jul 2022 08:25 AM PDT

CEL was down more than 10% in the past 24 hours, but some see a "fresh start" for the tokens.

Crypto Traders Say Inflation Already Priced Into Bitcoin

Posted: 14 Jul 2022 08:22 AM PDT

"It's the same old devastating and boring accumulation phase," one trader shared.

Bitcoin Production Cost Has Dropped to About $13K, JPMorgan Says

Posted: 14 Jul 2022 08:03 AM PDT

Declining production costs could be seen as a negative for bitcoin prices, the Wall Street bank said in a report.

Paradigm Leads $16M Funding Round for Hang

Posted: 14 Jul 2022 08:02 AM PDT

The new Web3-powered platform connects brands with incentivized members.

UnCaged Studios Raises $24M to Support Web3 Game Developers

Posted: 14 Jul 2022 07:34 AM PDT

The company will use the funds to build out its Solana-based esports franchise MonkeyLeague ahead of its public launch.

First Mover Americas: BTC Shows Resilience Despite Widespread Risk Aversion, Celsius' Bankruptcy Filing

Posted: 14 Jul 2022 07:08 AM PDT

The latest price moves in bitcoin (BTC) and crypto markets in context for July 14, 2022.

Congreso de Brasil pospone proyecto de ley cripto hasta las elecciones presidenciales de octubre

Posted: 14 Jul 2022 06:46 AM PDT

La ley, que ya fue aprobada por el Senado, iba a ser discutida por Diputados esta semana.

DEX Contango Pushes Retro Alternative to Perps With 'Expirable Futures'

Posted: 14 Jul 2022 06:01 AM PDT

The decentralized exchange said it will launch a beta version later in the summer after undergoing security audits.

Crypto Miner CleanSpark Continues to Take Advantage of Bear Market as it Scoops Over 1K Rigs

Posted: 14 Jul 2022 06:00 AM PDT

In June, the Las Vegas-based miner bought contracts for another 1,800 mining rigs.

6 Ways Advisors Can Help Crypto Investors Avoid Large Losses

Posted: 14 Jul 2022 05:50 AM PDT

It's not enough to manage volatility and market risk on behalf of clients.

CoinFLEX Restarts Withdrawals With 10% Limit

Posted: 14 Jul 2022 05:41 AM PDT

The firm is still working on a solution after recently beginning arbitration to recover $84 million from a "large customer."

The $863B Crypto Market May Be Close to Bottom, Mayer Multiple Suggests

Posted: 14 Jul 2022 05:13 AM PDT

The Mayer Multiple helps investors identify oversold and overbought conditions by comparing the market value to the 200-day SMA.

Plaid Adds Crypto Account Data to Its Platform

Posted: 14 Jul 2022 05:00 AM PDT

Plaid, an open-banking system that aggregates users' financial information, said it's extending its reach to include accounts on cryptocurrency exchanges, starting with Binance.US, Kraken and Gemini.

Digital Euro Would Be a Success Only if Widely Used, ECB Says

Posted: 14 Jul 2022 03:11 AM PDT

The European Central Bank expects to complete its digital euro investigation phase in the autumn of 2023.

Voyager Digital's Token Surges Over 250% on 'Short Squeeze'

Posted: 14 Jul 2022 01:59 AM PDT

A short squeeze refers to a sharp rally fueled by the unwinding of bearish positions or several sellers rushing to take profits.

OKX Secures License in Dubai and Plans to Open Regional Hub

Posted: 14 Jul 2022 01:24 AM PDT

Cryptocurrency exchange OKX has been awarded a provisional virtual assets (VA) license to provide services to qualified investors in the UAE.

India's Crypto Industry Advocacy Body Disbanded

Posted: 14 Jul 2022 01:13 AM PDT

The move was announced Thursday in a video conference call with stakeholders of the industry and representatives of crypto exchanges.

Celsius' Mining Unit Files for Bankruptcy Just Months After Announcing IPO Intention

Posted: 13 Jul 2022 09:37 PM PDT

The mining unit filed for bankruptcy just few months after it said it intends to go public.

Celsius Network Files for Chapter 11 Bankruptcy

Posted: 13 Jul 2022 07:44 PM PDT

The troubled crypto lender, in a statement, says its purpose for the voluntary action is to enable a "comprehensive restructuring plan" that benefits all "stakeholders."

Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections

Posted: 13 Jul 2022 06:09 PM PDT

Deputies were originally scheduled to consider the text this week, which has already been approved by the Senate.

First Mover Asia: M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus

Posted: 13 Jul 2022 05:03 PM PDT

One analyst says "meh" as bitcoin climbs back above $20K, as reports surfaced that the troubled crypto lender Celsius might be teeing up a bankruptcy filing. Mergers & acquisitions bankers are seeing a slew of deals stemming from the current market crisis.

Celsius Starting Bankruptcy Proceedings: Report

Posted: 13 Jul 2022 04:34 PM PDT

Crtypo lender's lawyers are notifying state regulators, source tells CNBC.

MATIC Surges as Disney Chooses Polygon for Accelerator Program

Posted: 13 Jul 2022 02:52 PM PDT

The Ethereum scaling tool is one of six companies selected by the media and entertainment giant to be a part of its new program.

Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed

Posted: 13 Jul 2022 02:04 PM PDT

BTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered.

La corte del Reino Unido permite enviar documentos legales a través de NFTs

Posted: 13 Jul 2022 01:34 PM PDT

La medida permitirá proceder legalmente contra personas anónimas a través de sus direcciones de wallets.

Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog

Posted: 13 Jul 2022 01:00 PM PDT

Michael Barr, a former Ripple adviser, is set to assume one of the most important U.S. regulatory roles after winning Senate confirmation to be vice chairman for supervision at the Federal Reserve.

The Fed Can't Whip Inflation Alone

Posted: 13 Jul 2022 12:06 PM PDT

The source of high U.S. inflation is pretty clear, and it doesn't have much to do with the money supply.

Tony Hawk llega al metaverso con el “skatepark virtual más grande jamás creado”

Posted: 13 Jul 2022 11:49 AM PDT

La incursión del skater en el universo virtual tendrá lugar en The Sandbox, un juego de terrenos basado en Ethereum.

What Legacy Brands Can Learn From Web3’s Hyper-Cultish Narratives

Posted: 13 Jul 2022 11:11 AM PDT

Traditional companies can ape how blockchain projects build loyalty and community, says one strategist.

Wobble in stETH's Price Shows Fear Celsius Might Dump $435M Stake

Posted: 13 Jul 2022 10:55 AM PDT

The discount on stETH, a derivative of ether, surged as the crypto lender Celsius reclaimed and then transferred almost 10% of the total supply of the token.

Why We Need to Build Web3 Differently

Posted: 13 Jul 2022 10:32 AM PDT

Crypto Custodian Copper Soon to Close Delayed Funding Round: Sources

Posted: 13 Jul 2022 10:23 AM PDT

Copper's Series C round will value the company around $2 billion, according to two sources.

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