Three Arrows Capital Liquidates All Staked Ethereum In A Wallet
Three Arrows Capital has continued to dump staked Ethereum (stETH) as the price falls under $1000. On Friday, crypto hedge fund Three Arrows Capital liquidated all of its Staked Ethereum (stETH) holdings in one of its wallets. The insolvent hedge fund has lately sold its stETH and Ethereum (ETH) holdings to pay off debts and […]
Huobi Partners With BMAN To Launch $400 Million Fund For Crypto Investment
The fund launching between Huobi and BMAN comes after the recent collapse of the crypto market, even as BMAN expects the crypto to grow to 1 billion users. Huobi co-founder Du Jun and Chinese Web3 investor “BMAN” Lee announced the formation of a new $400 million fund to invest in cryptocurrency ventures on Friday. ABCDE […]
Binance Plans South Korea Re-Entry As It Expands Global Market
On the heels of South Korea’s changing crypto landscape, Binance is planning to re-enter the crypto market in the country. Binance, the world’s largest cryptocurrency exchange, intends to re-enter the South Korean market as part of its Southeast Asian expansion strategy. Binance CEO “CZ” declared his intention to re-enter South Korea in an interview with […]
President Of Panama Vetoes Crypto Bill By Citing FATF Guidelines
Despite the past praise for crypto legislation in Panama, the president’s concerns over anti-money laundering measures have re-ignited debate. Panama President Laurentino Cortizo has partially vetoed Bill No. 697, called the “crypto bill,” claiming that it needs additional development to be more compatible with Panama’s financial standards. After Panama’s National Assembly passed the crypto bill […]
Elon Musk Faces $258 Billion Dogecoin Lawsuit
Many in the crypto community are skeptical of the Dogecoin complaint, believing that the lawsuit will be dismissed on the merits. Dogecoin influencer and billionaire Elon Musk, as well as his firms SpaceX and Tesla Inc, are being sued for $258 billion in damages for “engaging in a crypto pyramid scheme” involving Dogecoin (DOGE). The […]