Auto Added by WPeMatico

Tether Liquidated an Overcollateralized Bitcoin Loan From Celsius Without Risk

Tether, the company behind USDT, the largest stablecoin by market capitalization, revealed that it liquidated Celsius’s position without risk to its reserves. In a press release on Friday (July 8,…

Continue ReadingTether Liquidated an Overcollateralized Bitcoin Loan From Celsius Without Risk

UK Jeweler Sues Insurer Over Failure to Cover $7.5M Bitcoin Ransomware Losses

British multinational jeweler Graff Diamonds Corp. has filed a lawsuit against its insurer, The Travelers Companies, Inc. (Travelers), for failing to provide indemnity after it paid $7.5 million in Bitcoin…

Continue ReadingUK Jeweler Sues Insurer Over Failure to Cover $7.5M Bitcoin Ransomware Losses

Bitcoin Reclaims $20K, Crypto Market Eyes $1 Trillion, Ethereum 2.0 Merge a Step Closer: This Week’s Recap

The past seven days saw the total cryptocurrency market capitalization recover towards the $1 trillion mark after losing it in June. At the time of this writing, the market cap…

Continue ReadingBitcoin Reclaims $20K, Crypto Market Eyes $1 Trillion, Ethereum 2.0 Merge a Step Closer: This Week’s Recap

Crypto Markets Add $60 Billion Daily as Bitcoin Saw 3-Week High Above $22K (Market Watch)

Bitcoin continued to gradually increase in value in the past 24 hours and charted a three-week high above $22,000. Most altcoins are also well in the green, with ETH reclaiming…

Continue ReadingCrypto Markets Add $60 Billion Daily as Bitcoin Saw 3-Week High Above $22K (Market Watch)

Celsius Paid Back Entire Loan to Maker, Reclaiming Nearly 22K BTC Collateral

After paying back an additional $41.2 million in Dai to decentralized lending platform Maker, Celsius Network now can reclaim approximately $450 million worth of BTC locked up as collateral on…

Continue ReadingCelsius Paid Back Entire Loan to Maker, Reclaiming Nearly 22K BTC Collateral