In this analysis, BeInCrypto examines crucial on-chain metrics that suggest the bull market started about two years ago and could have reached 50% completion. History Shows the Cycle Is Way Beyond Bears The year 2022 was a particularly difficult time for the crypto market, which had previously thrived in 2021. …
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Terraform Labs (TFL) – the bankrupt cryptocurrency firm co-founded by Do Kwon – is set to face a Chapter 11 bankruptcy reorganization hearing on September 19. The hearing will be crucial in shaping the company’s future as it navigates the aftermath of the Terra ecosystem’s dramatic collapse in 2022, which …
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BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
by Sam Reynoldsby Sam ReynoldsBitGo CEO Mike Belshe reiterated wBTC’s autonomy from Justin Sun, despite BiT Global’s involvement. MakerDAO passed a motion to reduce its exposure to wBTC, but it will not liquidate existing positions. Goldman Sachs Holds Over $400M in Bitcoin ETFs; Crypto.com’s New Sponsorship Deal Bitcoin Price Slides Below $60K on U.S. …
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Sahara’s aim is to tackle concerns over copyright, privacy and resource access amid proliferation of AI tools. Projects that combine blockchain and AI in order to introduce decentralization to artificial intelligence engines have been an emerging trend in the crypto industry for the last couple of years. Blockchain platform Sahara …
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Neither financial terms nor the length of contract were disclosed. Crypto.com was one of the most active digital asset firms in securing sports sponsorship deals in 2021-22. The company’s aborted sponsorship of the Champions League in 2022 was said to be worth $495 million. Crypto Goes Unmentioned in Trump-Musk Interview; …
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Coinbase Promotes cbBTC, Wrapped Bitcoin Alternative for Base Blockchain
by Sam Reynoldsby Sam ReynoldsPosts on X from Coinbase and Base creator Jesse Pollack suggest the crypto exchange is developing a wrapped bitcoin similar to Bitgo’s wBTC to run on the layer-2 blockchain. Despite some controversy over wBTC, BitGo’s protocol remains stable. Crypto Goes Unmentioned in Trump-Musk Interview; 3AC Liquidators Suing Terraform Labs for …
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3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages
by Assad Jafriby Assad JafriThree Arrows Capital (3AC) liquidators have filed a lawsuit against Terraform Labs, seeking $1.3 billion in damages for TerraLUNA’s collapse. The legal action, filed on Aug. 12, claims that Terraform Labs manipulated the prices of its tokens, LUNA and TerraUSD, leading to catastrophic losses for 3AC. Three Arrows Capital, once …
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Three Arrows Capital Liquidators Sue TerraForm Labs for $1.3 Billion: Report
by Wayne Jonesby Wayne JonesThree Arrows Capital (3AC), the defunct crypto hedge fund, has its liquidators pursuing a $1.3 billion lawsuit against TerraForm Labs, the bankrupt digital assets company co-founded by Do Kwon. This legal action is part of ongoing efforts to recover funds for 3AC’s creditors following the fund’s collapse. 3AC Liquidators Pursue …
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Three Arrows Capital Takes Legal Action Against Terraform Labs For $1.3 Billion
by Elena Rby Elena RIt seems Terra’s troubles are never-ending! In a recent event, Three Arrows Capital (3AC) filed a $1.3 billion lawsuit against Terraform Labs in an attempt to recoup the huge losses it suffered following the collapse of Luna and TerraUSD according to a Bloomberg report. This legal battle is rooted in …
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Liquidators of Three Arrows Capital (3AC) are seeking $1.3 billion from TerraForm Labs Pte., the digital assets company co-founded by Do Kwon. The claim relates to losses 3AC experienced following the 2022 crash of the company’s TerraUSD (UST) and Luna (LUNA) tokens. According to a document filed in the U.S …