On June 27th, 2022 a Twitter account by the name of @FatManTerra revealed that an insider within CoinFLEX was allowed to borrow $47 million of uncollateralized USDC as a loan. CoinFLEX stated on June 23rd that their platform would be halting all withdrawals due to the current market volatility. Almost

White Rock Management, a Swiss mining company has announced that they will deploy its first Bitcoin mining operation in the U.S. The facility will be located north of Houston at Brazos Valley and will be powered through by-product natural gas from active oil wells. Serhiy Tron, Founder of White

The Wall Street Journal released a report on Monday (June 27th, 2022) stating that hedge funds are ramping up efforts to short Tether (USDT), the stablecoin pegged to the U.S. dollar. Subsequently, Tether Chief Technology Officer (CTO), Paolo Ardoino, voiced his thoughts on Twitter in a 12-part thread. He

Three Arrows Capital (3AC) is a cryptocurrency hedge fund that was run by Zhu Su and Kyle Davies from their Singapore and Dubai offices.  The company bought Bitcoin on leverage using funds from DAOs and CeFi firms that include Voyager and BlockFi. At its peak the fund was worth around

During the market’s recent volatility, a number of companies have experienced liquidity issues because of the sudden downturn in prices across Bitcoin and all other cryptocurrencies.  The latest company to halt withdrawals is CoinFLEX, a derivatives exchange that also offers financial services and crypto yield was founded in 2019

As per the announcement, Cardenas Markets will install a Bitcoin ATM to all of its stores in Arizona, Nevada, and California. The first ATM will be installed in Las Vegas for testing and troubleshooting. Customers will now be able to buy and sell Bitcoin and 40 other cryptocurrencies with cash.

Hublot is the newest luxury brand to embrace the Bitcoin ecosystem. The Swiss watchmaker has partnered with BitPay in order to accept Bitcoin and other cryptocurrency payments. The new development comes as part of the promotional campaign for Hublot's limited edition Big Bang Unico release. “Introducing the new

Deloitte, a Big Four global professional services firm, and NYDIG, an institutional Bitcoin services provider, have announced that they will partner together to integrate Bitcoin into various sized companies. This partnership will bring a blend of Deloitte’s multidisciplinary business consultation services together with the Bitcoin infrastructure that NYDIG offers.