Altcoins Analysis Bitcoin Blockchain

Posschain: A Multi-Chain Ecosystem Connecting All Blockchains

Posschain: A Multi-Chain Ecosystem Connecting All Blockchains

Posschain, a next-generation blockchain protocol, allows seamless scaling and communication of legacy, current, and future blockchains. The protocol has attained an advanced scalability position through advanced sharding, pipelining resemblant sale processing, and chunking.  Notably, these technologies have helped Posschain pave the way for blockchain and its technologies by simplifying the use and development of blockchains […]

Altcoins Analysis Bitcoin Blockchain

3AC Hires Legal And Financial Advisers To Help Avert A “Bankruptcy” Situation

3AC Hires Legal And Financial Advisers To Help Avert A Bankruptcy Situation

Beleaguered Singapore-based cryptocurrency hedge fund Three Arrows Capital “3AC” has reportedly hired external financial and legal advisers to help work out a solution for its users and lenders, even as the firm battles impending bankruptcy. The move comes after 3AC failed to meet margin calls last weekend, the Wall Street Journal reported Friday. Apart from […]

Altcoins Bitcoin Crypto News

Are Small Cap Crypto Assets Rebounding A Sign Risk Appetite Returning?

The crypto market just saw some slight recovery, but the performances are upside down. Opposite to the way sellouts usually play out, the Bitcoin dominance dropped dramatically as the asset is underperforming the Small Cap index. From last November’s $3 trillion market cap, the crypto market is now down to around $800 billion: Smaller Altcoins Make A Strong Comeback Last week the crypto market saw its bottom, followed now by some slight recovery. As per Arcane Research’s latest weekly report, the smaller altcoins have also been seeing red numbers with the Small Cap index shedding 27%, but it has been the best performer overall. In contrast, Bitcoin had dropped 35%. Through this small window of relief during June, we have seen the blue-chip coin underperform all other indexes. As a result, BTC’s dominance in the market fell -1,51% this week to 43,5% while Ether fell -0,31. The latter has been declining since May from 19.5% to 15%. What’s Making This Crypto Winter Colder The report notes that the primary driver of this crypto crash has been the hedge fund Three Arrow Capital (3AC) collapse. Having invested over $200 million in Luna Foundation Guard’s token sale, 3AC’s liquidity ended up being wiped out and its margin call was the last straw for the already pressured market. Related Reading | How Long Will The CryptoWinter Last? Cardano Founder Provides Answers As per the Wall Street Journal, the crypto hedge fund hired legal and financial advisers to help work out a solution for its investors and lenders. The firm is looking for a way out, “including asset sales and a rescue by another firm”. The prognostic is not very positive at the moment, seeing the wave of liquidations and mitigations of losses by crypto exchanges that have followed the collapse. “We were not the first to get hit…This has been all part of the same contagion that has affected many other firms,” Kyle Davies, 3AC’s co-founder, said in an interview. Arcane Research explained that “In periods of insolvency, creditors unwind the most liquid assets first, which is likely the root cause of BTC and ETH’s relative underperformance in the last week.” The report adds that “illiquid altcoins are more challenging to sell at size, particularly during pressuring times, which explains why smaller coins have experienced less excessive selling pressure in the last week”. Meanwhile, Microstrategy CEO Michael Saylor described the events around this winter as a “parade of horribles” in which the consequences of lack of regulation in the crypto field have made it possible for wash trading and cross-collateralized altcoins to weigh down on Bitcoin. “What you have is a $400 billion cloud of opaque, unregistered securities trading without full and fair disclosure, and they are all cross-collateralized with Bitcoin.” “The general public shouldn’t be buying unregistered securities from wildcat bankers that may or may not be there next Thursday,” Saylor added, slamming at the recent collapses and suggesting that future actions by regulators could prevent the level of volatility that BTC is now experiencing. Related Reading | Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse

Bitcoin Blockchain Crypto News

Future Fund raises $3.8M to build a crypto micro-investment platform fueled by cashback rewards

Future Fund, a Polish-based fintech start-up, today announced the conclusion of its private sale round. Investors who joined the project during this round provided $3.8 million for its development. The team of Future Fund is building a blockchain-based micro-investment platform fueled by cashback rewards – credit or debit card bonuses that refund cardholders small percentages […]

The post Future Fund raises $3.8M to build a crypto micro-investment platform fueled by cashback rewards appeared first on CryptoNinjas.

Bitcoin Blockchain Crypto News

Token Tool by Bitbond introduces self-managed multichain crowdsale feature

Bitbond, a Berlin-based financial technology company with a focus on asset tokenization and digital assets, earlier this year released Token Tool, which enables web3-powered asset tokenization. Now, Token Tool just added a new crowdsale feature. The feature makes conducting a token sale and raising funds via token offerings accessible without the need to write smart […]

The post Token Tool by Bitbond introduces self-managed multichain crowdsale feature appeared first on CryptoNinjas.

Altcoins

Solana-Based Lending Platform Votes To Seize Whale’s Funds To Prevent Instability

A leading lending platform on the Solana (SOL) blockchain says a governance proposal urging users to grant it emergency powers to potentially seize the crypto assets of its largest whale has passed. According to the governance proposal, Solend (SLND) also sought to impose special margin requirements for whales that have borrowed more than a fifth […]

The post Solana-Based Lending Platform Votes To Seize Whale’s Funds To Prevent Instability appeared first on The Daily Hodl.

Altcoins Analysis Bitcoin Blockchain

Blockchain Gaming Bucks The Bearish Crypto Trend Across All Key Verticals: A DappRadar X BGA Report

Blockchain Gaming Bucks The Bearish Crypto Trend Across All Key Verticals: A DappRadar X BGA Report

Despite an overarching bear market causing cryptocurrencies to bleed value, one industry vertical remains resilient. Blockchain gaming continues to attract tremendous attention from players and investors. There is a growing interest in move-to-earn projects and land sales for the metaverse. Blockchain Gaming Is Still On A Roll When the value of cryptocurrencies drops, other industry […]

Altcoins Blockchain

Cardano Founder Charles Hoskinson Comments on XRP Lawsuit, Calls It ‘Regulation Through Enforcement’

Cardano (ADA) founder Charles Hoskinson doesn’t think highly of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple. The SEC sued Ripple in late 2020, alleging the payments firm sold XRP as an unregistered security. In a new interview with BitBoy Crypto, Hoskinson says regulators shouldn’t operate on a case-by-case basis, which he says […]

The post Cardano Founder Charles Hoskinson Comments on XRP Lawsuit, Calls It ‘Regulation Through Enforcement’ appeared first on The Daily Hodl.