Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.
Crypto
Strategy Eyes More Bitcoin Buys With $30B Credit Capacity
Bitcoin treasury company Strategy is looking to finance more Bitcoin purchases through preferred-share offerings, with executive chairman Michael Saylor saying it has the capacity to create as much as $30 billion in digital credit. During Strategy’s third-quarter earnings call, Saylor said the company could generate… Read More
Binance loses $5.7 billion in 'biggest crypto hack in history'
Crypto prices are sliding on the news, with bitcoin falling back to $79,000.
KuCoin exits Russia and Belarus as crypto exchanges withdraw from Western-sanctioned markets
The exchange is closing accounts in both countries after MEXC and Bitget announced similar moves earlier this month.
Former Swift CEO joins stablecoin firm OpenTrade as chairman
Lazaro Campos takes the board role as the London-based company reports $300 million in assets locked and more than $1 billion in annual transaction volume.
Bitcoin-backed mortgages are coming to Canada, but borrowers are still unaware of the cost
Prospective borrowers face collateral liquidation risks if bitcoin prices drop, though APX said property and crypto collateral will be handled distinctly.