Why does GBTC have a negative premium rate of nearly 50%? The recently leaked bankruptcy documents of Genesis, a cryptocurrency lending company, finally revealed some truths. According to the information, the main situation is summarized as follows: 1. Genesis promises to provide GBTC products to Earn users of the cryptocurrency exchange Gemini; 2. Genesis suspends …
Foreign media previously reported that with the weakening of the cryptocurrency market, El Salvador (El Salvador), which has repeatedly purchased bitcoins with national power, has become more financially constrained. Many people are worried about the outbreak of debt default due to debt repayment. However, that may not be the case in reality. President Nayib Bukele …
Starting from some algorithmic stable currency FRAX, Frax Finance has now developed a complete set of DeFi products, including: stable currency FRAX, time-weighted average AMM Fraxswap, lending market Fraxlend, algorithmic market maker AMOs, encrypted native CPI stable currency FPI, cross-chain Bridge Fraxferry, with the recent upgrade of Ethereum Shanghai approaching Frax has launched ETH liquid …
The founders of two bankrupt cryptocurrency companies are teaming up to create an exchange that will allow users to trade claims on bankrupt cryptocurrency companies. Three Arrows Capital, which filed for bankruptcy in July last year, and its founders Su Zhu and Kyle Davies are working with the two founders of the cryptocurrency exchange CoinFLEX …
Since the collapse of FTX, many amazing inside stories have gradually surfaced. Sam Bankman-Friend (SBF) embezzled FTX customer assets privately, and then bought real estate with a lot of money, and the luxury life was also brought to the bottom. In response to the exaggerated behavior of former competitors, He Yi, the co-founder of Binance, …
Bitcoin broke through the $17,000 mark decisively early this morning (9th), broke through the recent price range, and hit a three-week high. Prior to this, the United States released key economic data on Friday showing that the job market is still quite strong, and there is still some distance from a recession, which boosted people’s …
According to a report by Bloomberg, the Indonesian government intends to establish a cryptocurrency exchange this year before changing the authority over cryptocurrencies to the Financial Services Authority (FSA). At present, Indonesia’s cryptocurrency market is mainly regulated by the “Commodity Futures Trading Supervision Bureau (BAPPEBTI)”, which prohibits the public from using cryptocurrency as a payment …
The cryptocurrency exchange Huobi (formerly Huobi) announced that it will open the spot trading (PI/USDT) of Pi Coin (Pi Network) at 5:00 pm on December 29th, Taipei time. Huobi also stated that it will pay close attention to the upgrade of the Pi Network mainnet, and until the mainnet is successfully launched, Huobi will keep …
In the past few months, Bitcoin miners have been caught in the dilemma of “weak currency prices squeeze profits” and “high electricity prices increase operating costs”. Many mining companies are struggling. Core Scientific and Compute North have all filed for Bankruptcy protection, while Argo Blockchain temporarily avoided the disaster, and was able to continue its …
Bitcoin miner Core Scientific, which recently filed for bankruptcy, received $72 million in debt relief from creditors, but the bankruptcy of the company has also raised questions about how long the Bitcoin mining industry can survive the prolonged bear market. Currently listed bitcoin miners have more than $4 billion in debt and may need immediate …
