Cryptocurrency lender Vauld receives three-month protection from creditors
The moratorium approved on Monday, according to Vauld parent company Defi Payments Ltd, will provide it the time to develop a restructuring strategy. The troubled cryptocurrency lending platform Vauld has been given a brief reprieve from creditors after the Singapore High Court on Monday granted it a three-month moratorium. According to a Bloomberg article, Justice […]
ETH may consolidate as Merge hype wanes: Expert
Markus Thielen thinks that ETH may be entering a consolidation period, making him “conservative” about the currency. The chief investment officer of asset management company IDEG believes that the price of Ether (ETH) has stabilized after a spike last week. Markus Thielen stated in a report that after being positive on ETH pricing six weeks […]
SEC charges 11 people for $300 million cryptocurrency “pyramid scheme”
The Forsage founders and promoters are being sued by the SEC for allegedly supporting a $300 million “textbook pyramid and Ponzi scheme.” 11 people have been prosecuted by the Securities and Exchange Commission (SEC) for allegedly helping to establish the “fraudulent crypto pyramid scheme” platform Forsage. The SEC accused the platform’s creators and promoters of […]
Tether supply begins to rise after three-month drop
The Tether printers have been restarted in response to an increase in the amount of USDT that is currently in circulation. Tether (USDT), the biggest stablecoin in the world, has increased its supply in circulation after almost three months of decreases, which could be a hint that the cryptocurrency markets are beginning to slowly rebound. […]
Bitcoin network activity drop indicates prolonged bear market: Glassnode
Despite the recent significant 15% rebound in Bitcoin prices, measurements indicate that additional network demand would be required to support future price gains. According to Glassnode, for Bitcoin (BTC) to continue its current price rebound, there must be more demand and network fees invested, as numerous on-chain measures are still in a hostile area. In […]