Three Arrows Founder Breaks 27 Days Silence, Says Firm Baited By Liquidators
For the first time since June 15, Su Zhu, co-founder of the troubled cryptocurrency hedge fund Three Arrows Capital, called out liquidators for “baiting” the firm into cooperation. Three Arrows…
Texas Shuts Crypto Mining Operations due to Extreme Heat
While Texas is facing an extreme heatwave, the state’s electric grid can not meet the energy demand. Residents were asked by authorities to cut down on the consumption of electricity.…
Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure
Long-term holders are experiencing high selling pressure from actual and unrealized losses, Glassnode report shows.
US Treasury Opens Door for Public Comments on Biden’s Crypto Order
The Treasury Department will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.
Ethereum Founder Vitalik Buterin Defends Proof-Of-Stake Algorithm
Ethereum (CRYPTO: ETH) founder Vitalik Buterin replied to critiques of proof-of-stake’s consensus algorithm. What Happened: Buterin took to Twitter on Tuesday to strike back at Ethereum critics who deem the…