The Singapore-based Three Arrows filed for bankruptcy in July, saying its business had “collapsed in the wake of extreme fluctuations in cryptocurrency markets.” In particular, the hedge fund suffered huge losses stemming from the collapse of the TerraUSD algorithmic stablecoin in May. Team Valhalla
While the crypto industry has not tried to defend against the actual allegations – that the DAO, alongside its predecessor company, bZeroX, offered unregistered products to U.S. customers – it has collectively expressed concern about how the CFTC has gone about trying to bring a case against the...
BTC was up close to 2% over the past 24 hours, while Ether rose 2.9%. Team Valhalla
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The move opens a front of competition with Jihan Wu's Bitdeer, a cloud mining operator that also launched a $250 million fund to buy distressed assets in late September. Wu is the ousted co-founder of Bitmain, the largest manufacturer of crypto mining machines in the world. Another big...
The Shandong testnet will allow developers to experiment with the next phases of Ethereum development, including properly implementing staked ether withdrawals. Team Valhalla