Der Schweizer Zentralbanker Dr. Thomas Moser warnt, dass es eine passende Regulierung der Kryptobranche braucht, da sonst Bereiche wie DeFi kaputtgehen könnten.
Glassnode über Bärenmarkt 2022: Schlimmster seit Bitcoin-Einführung
Glassnode hat kürzlich eine On-Chain-Analyse gemacht und gezeigt, dass der aktuelle Bitcoin-Bärenzyklus der schlimmste in der Geschichte des Coin ist.
Voyager Digital issues Notice of Default to Three Arrows Capital
Voyager Digital issued a default notice to Three Arrows Capital (3AC), a crypto hedge, fund today.
This is after 3AC failed to meet the deadline that Voyager had announced last week for their loan repayment. 3AC currently owes Voyager 15,250 BTC worth around $325 million and $350 million in Circle’s USDC stablecoin.
In last week’s announcement, Voyager disclosed that the crypto hedge fund, 3AC, owes them over $650 million, and up to now they have not repaid any digital assets to them.
Voyager Digital recovery plan
Today’s announcement confirmed that Voyager Digital is planning to recover its digital assets from 3AC and according to the latest reports, the platform is in consultations with the company advisors to assess legal remedies.
Meanwhile, rumors continued to spread that 3AC faced liquidation after the crypto market started to trade sideways with the largest crypto, Bitcoin, dropping below $2000. Bitcoin bloodbath placed many hedge funds and crypto lenders platforms in a compromising situation with the likes of Babel and Celsius suspending their redemptions and withdrawals as a result of liquidity pressure.
After Zhu Su, 3AC co-founder tweeted on June 15 that the company was working with appropriate parties on finding the solutions, he has not spoken a word over the ongoing issue since then.
We are in the process of communicating with relevant parties and fully committed to working this out
— Zhu Su 🔺 (@zhusu) June 15, 2022
Voyager Digital withdrawals remain active
Currently, Voyage Digital withdrawals are still active due to the 15,000 BTC and $200 million cash revolving credit line from Sam Bankman-Fried’s Alameda Research, so far, the platform has used about $75 million on the loan.
They said:
‘’We are working diligently and expeditiously to strengthen our balance sheet and pursuing options so we can continue to meet customer liquidity demands.’’
According to the updates, Voyager will continue to access the credit line.
The post Voyager Digital issues Notice of Default to Three Arrows Capital appeared first on CoinJournal.
Harmony bietet 1 Million US-Dollar als Belohnung für Rückgabe: Zu wenig?
Das Harmony-Team bietet dem Hacker, der die Horizon Bridge um 100 Millionen US-Dollar bestohlen hat, 1 Million US-Dollar als Belohnung für die Rückgabe des Geldes. Das könnte angesichts der hohen gestohlenen Summer zu wenig sein.
MIR Price Prediction as the Mirror Protocol Rebounds
The Mirror Protocol price has crawled back in the past few days as investors cheer the strong performance of the UST stablecoin. MIR price is trading at $0.2210, which is about 50% above the lowest level in May this year. The rebound brings its total market cap to more than $34 million.
What is Mirror Protocol?
Mirror Protocol is a blockchain derivative project that was among the biggest players in Terra’s ecosystem. Unlike Anchor Protocol, Mirror has a platform that enables people to buy and sell a variety of derivatives.
For example, users can buy and sell derivatives like stocks and commodities. The network uses oracles to ensure that data on stocks and other assets is highly accurate. Instead of trading using fiat currencies, the network adopted UST, the algorithmic stablecoin that collapsed last month.
Therefore, the collapse of Terra UST stablecoin led to its collapse as the prices of its assets became unstable. It has not recovered since then.
Mirror Protocol has made headlines in the past few weeks. For example, a report published in May claimed that Mirror was a scam that was set up to scam retail investors. The claim alleged that the platform was created by Do Kwon and his associates to route funds from investors.
Meanwhile, Mirror was recently hacked. It is reported that the hackers stole over $22 million of assets in the network. This was the second hack after the network lost $90 million in October.
The MIR price is rising after the strong performance of UST. The stablecoin is trading at $0.020, meaning that it has risen by over 85% in the past 24 hours. Similarly, the Luna Classic price has risen by 31% in the same period. Still, they remain substantially below their all-time high.
MIR price prediction
The hourly chart shows that the MIR price has made a strong recovery in the past few days. The coin has moved above the important support shown in black. It has moved above the 25-period and 50-period moving averages while the MACD has continued rising.
Therefore, despite the recent jump, there is a likelihood that the coin is still bearish. If this happens, the next key support level to watch will be at $0.20. A move above the key resistance level at $0.25 will invalidate the bearish view.
The post MIR Price Prediction as the Mirror Protocol Rebounds appeared first on CoinJournal.