Articles by Ambar Warrick
Celsius Withdraws ETH Positions From Bancor
DeFi News
Celsius Withdraws ETH Positions From Bancor
DeFi News

Crypto Lender Celsius Receives New Bailout Offer Amid Insolvency Fears

Embattled crypto lender Celsius received a second buyout offer this week amid growing concerns over its insolvency. This offer comes from lender Chainge, which earlier in the week issued a letter of intent to buy out “certain” businesses and assets of Celsius. Chainge did not specify what assets of Celsius it intends to purchase, but

Embattled crypto lender Celsius received a second buyout offer this week amid growing concerns over its insolvency. This offer comes from lender Chainge, which earlier in the week issued a letter of intent to buy out “certain” businesses and assets of Celsius. Chainge did not specify what assets of Celsius it intends to purchase, but

Roxe-nasdaq-listing
Blockchain News
Roxe-nasdaq-listing
Blockchain News

This Blockchain Payments Firm Will List On The Nasdaq In A $3.6 Bln Deal

Blockhain-based payments firm Roxe Holding said on Tuesday that it will list on the Nasdaq exchange through a $3.6 billion deal. The firm said it has entered an agreement with special purpose acquisition company (SPAC) Goldenstone Acquisition Ltd, through which it will pursue the listing. The merged firm will have a combined enterprise value of

Blockhain-based payments firm Roxe Holding said on Tuesday that it will list on the Nasdaq exchange through a $3.6 billion deal. The firm said it has entered an agreement with special purpose acquisition company (SPAC) Goldenstone Acquisition Ltd, through which it will pursue the listing. The merged firm will have a combined enterprise value of

Crypto Lender BlockFi
News
Crypto Lender BlockFi
News

Breaking: Crypto Lender BlockFi Gains $250 Mln Credit Line From FTX

Crypto lender BlockFi said on Tuesday that it has signed a deal with crypto exchange FTX for a $250 million revolving credit facility. The credit line will be used by BlockFi to meet its obligations with client balances, and will be “used as needed,” CEO Zac Prince said in a Twitter thread. The deal comes

Crypto lender BlockFi said on Tuesday that it has signed a deal with crypto exchange FTX for a $250 million revolving credit facility. The credit line will be used by BlockFi to meet its obligations with client balances, and will be “used as needed,” CEO Zac Prince said in a Twitter thread. The deal comes

Crypto-mining-1
Bitcoin News
Crypto-mining-1
Bitcoin News

Bitcoin Miners Wind Down Selling, Is A BTC Recovery In Sight?

Bitcoin miners appear to have reduced the pace at which they were offloading tokens, indicating that some selling pressure on the token may have eased. Bitcoin prices stabilized around $20,000 after tumbling as low as $17,922 last week. The token now appears to be treating $20,000 as a support level. A bulk of this tumble

Bitcoin miners appear to have reduced the pace at which they were offloading tokens, indicating that some selling pressure on the token may have eased. Bitcoin prices stabilized around $20,000 after tumbling as low as $17,922 last week. The token now appears to be treating $20,000 as a support level. A bulk of this tumble

Bybit
News
Bybit
News

Bybit The Latest Crypto Exchange To Cut Jobs Amid Crash: Report

Bybit is the latest crypto exchange to consider layoffs amid a crippling crypto crash, reports suggested on Monday. CEO Ben Zhou issued an internal letter to Bybit employees explaining that the exchange was considering layoffs starting this week. The news was reported by crypto reporter Colin Wu, citing multiple inside sources. Bybit is far from

Bybit is the latest crypto exchange to consider layoffs amid a crippling crypto crash, reports suggested on Monday. CEO Ben Zhou issued an internal letter to Bybit employees explaining that the exchange was considering layoffs starting this week. The news was reported by crypto reporter Colin Wu, citing multiple inside sources. Bybit is far from

celsius
News
celsius
News

Celsius To “Pause” Twitter Spaces, When Will Withdrawals Resume?

Crypto lender Celsius said on Monday it is “pausing” its Twitter and Reddit spaces to focus on its debt restructuring, as withdrawals remain suspended. The lender said in a blog post that it is in open dialogue with regulators and officials over when it could possibly resume withdrawals. On that front, it said the “process

Crypto lender Celsius said on Monday it is “pausing” its Twitter and Reddit spaces to focus on its debt restructuring, as withdrawals remain suspended. The lender said in a blog post that it is in open dialogue with regulators and officials over when it could possibly resume withdrawals. On that front, it said the “process

BTC
Bitcoin News
BTC
Bitcoin News

Bitcoin (BTC) Decouples Further From Stocks, But For The Worse

Bitcoin’s (BTC) recent losses saw the token plummet below a key support level, likely setting it up for more declines in the near future. BTC fell below the key $20,000 level on Saturday, hitting its lowest level since late-2020. It is now trading slightly above $19,000, after falling briefly falling below that level. The token’s

Bitcoin’s (BTC) recent losses saw the token plummet below a key support level, likely setting it up for more declines in the near future. BTC fell below the key $20,000 level on Saturday, hitting its lowest level since late-2020. It is now trading slightly above $19,000, after falling briefly falling below that level. The token’s

ethereum
Altcoin News
ethereum
Altcoin News

Breaking: Ethereum (ETH) Slumps Below $1K, Is $800 The Next Support?

Ethereum (ETH) prices slumped below key levels on Saturday, and are now trading in the triple digits as an ongoing crypto rout intensified. ETH is down nearly 9% in the past 24 hours, and is trading at $997.61, data from Etherscan shows. Its breaking of that support level is likely to signal steeper losses for

Ethereum (ETH) prices slumped below key levels on Saturday, and are now trading in the triple digits as an ongoing crypto rout intensified. ETH is down nearly 9% in the past 24 hours, and is trading at $997.61, data from Etherscan shows. Its breaking of that support level is likely to signal steeper losses for

Stablecoin
News
Stablecoin
News

Magic Internet Money (MIM) Stablecoin Depegs Amid Insolvency FUD

Magic Internet Money (MIM), the native token of the Abracadabra DeFi platform, is the latest stablecoin to lose its peg as crypto markets unwind. MIM, which is the 42nd largest stablecoin by market capital, has dropped 7% in the past 24 hours, and is trading around $0.9456. The de-pegging comes amid a sharp decline in

Magic Internet Money (MIM), the native token of the Abracadabra DeFi platform, is the latest stablecoin to lose its peg as crypto markets unwind. MIM, which is the 42nd largest stablecoin by market capital, has dropped 7% in the past 24 hours, and is trading around $0.9456. The de-pegging comes amid a sharp decline in

stETH
DeFi News
stETH
DeFi News

As Staked Ethereum (stETH) Slumps, MakerDAO Seeks An Alternative

DeFi giant MakerDAO’s community on Friday approved a proposal to adopt another staked Ethereum derivative, after Lido-Staked Ethereum (stETH) de-pegged from ETH. In a governance proposal that saw 64% approval by the MakerDAO community, users voted in favor of Rocket Pool ETH (rETH) as a new vault type, or collateral. The protocol will now hold

DeFi giant MakerDAO’s community on Friday approved a proposal to adopt another staked Ethereum derivative, after Lido-Staked Ethereum (stETH) de-pegged from ETH. In a governance proposal that saw 64% approval by the MakerDAO community, users voted in favor of Rocket Pool ETH (rETH) as a new vault type, or collateral. The protocol will now hold

Huobi layoff
News
Huobi layoff
News

This $400 Mln Fund Plans To Invest In Crypto Despite A Coming Winter

Huobi co-founder Du Jun and Chinese Web3 investor “BMAN” Lee said on Friday launched a new $400 million fund to invest in crypto projects. The fund, called ABCDE Capital, will seek to support between 10 to 20 CEOs annually, BMAN said in a Twitter thread. It will focus primarily on blockchain infrastructure, open finance, and

Huobi co-founder Du Jun and Chinese Web3 investor “BMAN” Lee said on Friday launched a new $400 million fund to invest in crypto projects. The fund, called ABCDE Capital, will seek to support between 10 to 20 CEOs annually, BMAN said in a Twitter thread. It will focus primarily on blockchain infrastructure, open finance, and

Crypto Lender BlockFi
News
Crypto Lender BlockFi
News

After Celsius, Is This Crypto Lender Facing A Liquidity Crunch?

Crypto lender Celsius’ recent suspension of withdrawals has rattled sentiment towards its peers, with majors such as Nexo and BlockFi now facing potential bank runs. The situation has also been exacerbated by the possible insolvency of major hedge fund Three Arrows Capital, to which several lending platforms are heavily exposed. This uncertainty has prompted several

Crypto lender Celsius’ recent suspension of withdrawals has rattled sentiment towards its peers, with majors such as Nexo and BlockFi now facing potential bank runs. The situation has also been exacerbated by the possible insolvency of major hedge fund Three Arrows Capital, to which several lending platforms are heavily exposed. This uncertainty has prompted several

Maple Finance Faces Liquidity Issues Amid Contagion Concerns
DeFi News
Maple Finance Faces Liquidity Issues Amid Contagion Concerns
DeFi News

This Ethereum Platform Was Hit By A $1.2 Mln Hack Amid A Crypto Crash

Ethereum-based DeFi platform Inverse Finance said it has temporarily paused borrowing after an exploit was discovered. The platform said on its Twitter handle that holdings of the DOLA stablecoin were removed from its money market, Frontier. It added that no user funds were taken or at risk, and that it was investigating the incident. But

Ethereum-based DeFi platform Inverse Finance said it has temporarily paused borrowing after an exploit was discovered. The platform said on its Twitter handle that holdings of the DOLA stablecoin were removed from its money market, Frontier. It added that no user funds were taken or at risk, and that it was investigating the incident. But

SAND
Altcoin News
SAND
Altcoin News

The Sandbox (SAND) Jumps 20% After Partnering With This Major Studio

The Sandbox’s native token, SAND, rallied from eight-month lows on Thursday after the metaverse announced a partnership with Lionsgate Studios. SAND jumped as much as 20% to $0.9715 after the announcement, although it eventually pared some gains to trade at $0.8647. The news helped SAND break a seven-day losing streak amid weakness in the broader

The Sandbox’s native token, SAND, rallied from eight-month lows on Thursday after the metaverse announced a partnership with Lionsgate Studios. SAND jumped as much as 20% to $0.9715 after the announcement, although it eventually pared some gains to trade at $0.8647. The news helped SAND break a seven-day losing streak amid weakness in the broader

Bitcoin weekly close
Bitcoin News
Bitcoin weekly close
Bitcoin News

Bitcoin (BTC) Likely To Bottom After One More Dump, Here’s Why

Bitcoin miners are preparing to dump a large amount of tokens on the open market, amid a recent crash in prices. On-chain data shows that a record amount of Bitcoin was sent to exchanges from major miners over the past 24 hours. Such a move usually indicates that they are preparing to sell. The move

Bitcoin miners are preparing to dump a large amount of tokens on the open market, amid a recent crash in prices. On-chain data shows that a record amount of Bitcoin was sent to exchanges from major miners over the past 24 hours. Such a move usually indicates that they are preparing to sell. The move

Three Arrows Capital
DeFi News
Three Arrows Capital
DeFi News

Breaking: Three Arrows Accused Of Misappropriating Customer Funds

Embattled crypto hedge fund Three Arrows Capital faces allegations of using customer funds to meet margin calls on its positions. Danny Yuan, the head of crypto trading firm 8Blocks Capital, alleged that Three Arrows had used about $1 million of 8Blocks’ funds to answer its margin call. 8Blocks had entered into an agreement with the

Embattled crypto hedge fund Three Arrows Capital faces allegations of using customer funds to meet margin calls on its positions. Danny Yuan, the head of crypto trading firm 8Blocks Capital, alleged that Three Arrows had used about $1 million of 8Blocks’ funds to answer its margin call. 8Blocks had entered into an agreement with the

stETH
Altcoin News
stETH
Altcoin News

Staked Ethereum (stETH) Breaks Below $1K As ETH Liquidations Surge

Lido Staked Ethereum (stETH), a key factor in the ongoing crypto crash, widened its rift with Ethereum and fell below $1,000 on Wednesday. stETH dropped to as low as $959.77, before recovering to a little above $1,000 in a broader crypto market recovery. The move also appeared to have liquidated some Ethereum positions, with about

Lido Staked Ethereum (stETH), a key factor in the ongoing crypto crash, widened its rift with Ethereum and fell below $1,000 on Wednesday. stETH dropped to as low as $959.77, before recovering to a little above $1,000 in a broader crypto market recovery. The move also appeared to have liquidated some Ethereum positions, with about

USDT
Altcoin News
USDT
Altcoin News

Breaking: Tether Clears Air Over USDT Backing As Crypto Collapses

Tether, the operator of the USDT stablecoin, on Wednesday derided speculation that the token is backed by low-rated debt. The firm said in a press release that recent “rumors” that the portfolio used to back USDT consists of Chinese or Asian commercial papers are “completely false.” It also denied any exposure to beleaguered lender Celsius,

Tether, the operator of the USDT stablecoin, on Wednesday derided speculation that the token is backed by low-rated debt. The firm said in a press release that recent “rumors” that the portfolio used to back USDT consists of Chinese or Asian commercial papers are “completely false.” It also denied any exposure to beleaguered lender Celsius,

Three Arrows Capital
Altcoin News
Three Arrows Capital
Altcoin News

Will Three Arrows Capital Be The Next Casualty Of This Crypto Crash?

Crypto hedge fund Three Arrows faces mass liquidation after a sharp market downturn- one that could potentially erode the firm’s holdings. Speculation over further woes for Three Arrows comes after founder Zhu Su said on Twitter that the firm is “communicating with relevant parties” and committed to “working this out.” The fund was seen selling

Crypto hedge fund Three Arrows faces mass liquidation after a sharp market downturn- one that could potentially erode the firm’s holdings. Speculation over further woes for Three Arrows comes after founder Zhu Su said on Twitter that the firm is “communicating with relevant parties” and committed to “working this out.” The fund was seen selling

Bitcoin BTC
Bitcoin News
Bitcoin BTC
Bitcoin News

Can Bitcoin (BTC) Crash To $13K After The Fed Rate Hike?

Bitcoin (BTC) slumped further on Wednesday ahead of a widely anticipated interest rate hike by the Federal Reserve later in the day. BTC is trading at $21,200- down 4% in the past 24 hours. The world’s largest cryptocurrency has plummeted 30% since last week after a higher-than-expected U.S. inflation reading. Focus now turns to how

Bitcoin (BTC) slumped further on Wednesday ahead of a widely anticipated interest rate hike by the Federal Reserve later in the day. BTC is trading at $21,200- down 4% in the past 24 hours. The world’s largest cryptocurrency has plummeted 30% since last week after a higher-than-expected U.S. inflation reading. Focus now turns to how