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Bear Market LUNC -0.06%

South Korean VC firm Hashed lost more than $3 billion in LUNA collapse

Hashed CEO Simon Seojoon Kim confirmed to Bloomberg that the firm lost over $3 billion from investing in LUNA.

4 years ago

Bankruptcy

Celsius wants to rehire its ex-Chief Financial Officer

Bolger had worked with the embattled lender for five months before resigning on June 30. Less than a month after his resignation, the firm filed for bankruptcy.

4 years ago

Bear Market

Match Group shelves Tinder Coin, Metaverse Dating after company swings to a loss in Q2

A net loss this quarter has Match re-thinking Metaverse Dating and Tinder Coin despite both being viewed as potential drivers of growth in the long-term.

4 years ago

Regulation BTC -0.33%

US Senate introduces bill to put CFTC in charge of regulating Bitcoin, Ethereum

The bill would give the CFTC "exclusive jurisdiction" over all cryptocurrencies that fall under the definition of "digital commodities."

4 years ago

Mining

Riot Blockchain Bitcoin production drops 28% YOY in July; offsets energy costs by curtailing some operations

Riot Blockchain mined around 28% less Bitcoins in July 2022 compared to July 2021 but gained an estimated $9.5 million in power credits.

4 years ago

Hacks

Chainalysis reports $2B lost in cross-chain bridge hacks

Questions over interoperability arise as Chainalysis say thefts from cross-chain bridge hacks now account for 69% of all hacks.

4 years ago

Bankruptcy

Voyager CEO reportedly made $30M from stock sales

Three of Ehrlich's largest transactions, totaling 1.4 million shares and worth $19 million, were made in February 2021.

4 years ago

Hacks SOL -1.38%

Over 8K Solana wallets drained of funds, $10M estimated missing

The attack mostly affected mobile Solana wallets and most of the breach reports came from Phantom and Slope users.

4 years ago

Research

Research: Could Bitcoin be positioned to thrive amid global bearish signals for the US economy?

Bearish signals within the U.S. economy show consumer savings at a decade low and consumer credit at a 22 year high — could Bitcoin be the solution?

4 years ago

Politics

Bitcoin falls short of $25K as US, China tensions over Taiwan grow

Heightening tensions between the U.S. and China, over Taiwan, coincide with market uncertainty and a local top for Bitcoin.

4 years ago

Adoption

British soccer club starts accepting Bitcoin for matchday tickets

In addition to buying tickets, club supporters will also be able to pay for food and drinks at Oxford City's RAW Charging Stadium using BTC via the Lightning Network.

4 years ago

Adoption

MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role

Despite the losses, MicroStrategy stock has outperformed Nasdaq, Gold, Silver, and even some of the biggest tech companies after its Bitcoin adoption.

4 years ago

Adoption ADA -0.91%

Institutional bank Sygnum announces Cardano staking, community divided over institutional adoption

Zurich-based Sygnum Bank is set to offer clients Cardano (ADA) staking, but skeptics say institutional adoption is a slippery slope.

4 years ago

Legal

Celsius facing legal action by aggrieved custody customers over $180M deposit

Celsius is facing legal action from a group of 400 customers that owns about 4% of the total assets locked in the Celsius network — equating to $180 million.

4 years ago