Market

Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report

The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said. Source link

GPU Demand Likely to Slow if Ethereum Moves to Proof-of-Stake

Both Nvidia and AMD (AMD) have argued that they have minimized the downside scenarios from crypto, but Morgan Stanley is of the view...

Australian Crypto Exchange Banxa Cuts 70 Staff

The publicly traded crypto exchange said the "crypto winter" drove the decision to reduce headcount by about 30%. Source link

Nexo Sends Cease and Desist Letter to Anonymous Twitter Account Accusing It of Embezzlement

Nexo has issued a public cease and desist order to a Twitter account run by someone with the handle 'Otter.' Source link

First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading; Solana Web3 Phone Faces Long Odds

Prior blockchain phones have failed because the market have realized their functionalities are available already via apps that can be loaded onto any...

Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

According to Yusko, the FTX credit line proposal had a catch for BlockFi’s existing shareholders: It gave FTX the option to buy BlockFi...

‘We’re Poor Again, but We’re Still Here’: Why NFT.NYC Won’t Die

It was fun, it was cringe – in short, the premier NFT conference was again itself. Source link

This Buenos Aires Evangelist Offers Tours to Expound Bitcoin, Tourists Love It

After having his savings confiscated by Argentina twice, Jerónimo Ferrer discovered bitcoin. And he made his story into a tour with hundreds of...

Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources

Goldman Sachs appears to be gauging interest and soliciting commitments from Web3 crypto funds, funds specializing in distressed assets and traditional financial institutions...

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