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Crypto Markets Lost $50B in 2 Days as BTC Slumped Towards $20K (Market Watch)

Following the relatively calm weekend, bitcoin started to lose value gradually and dipped towards $20,000. Most altcoins are also in the red today, with the most notable drops coming from…

Continue ReadingCrypto Markets Lost $50B in 2 Days as BTC Slumped Towards $20K (Market Watch)

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…

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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