Crypto Biz: Crypto Broker Goes Bankrupt, Bitcoin Miner Capits, and China VC Funding Soars
As the search for an elusive Bitcoin bottom continues, at least one US miner has been forced to liquidate some of his holdings in June.< /p>
Newsletter
Those of us who are looking forward to a summer relief rally for Bitcoin (BTC) may have to wait a bit longer. The bear market always cleanses us of our excesses and reveals the most toxic players in our industry. Did I tell you about Terra (LUNA) - now renamed Terra Classic (LUC) - Celsius, Three Arrows Capital, BlockFi - and Voyager Digital? The crypto broker filed for Chapter 11 bankruptcy this week, putting hundreds of thousands of creditors on high alert.
This week's Crypto Biz newsletter dissects Voyager's bankruptcy proceedings and offers some potentially good news about Celsius. We also take a look at the latest high profile miner who forcibly sold their Bitcoin and announce further capital raises for one of China's most prominent venture capital firms.
Celsius has repaid 143 million DAI loans since July 1Celsius seems to be approaching
As the search for an elusive Bitcoin bottom continues, at least one US miner has been forced to liquidate some of his holdings in June.< /p>
Newsletter
Those of us who are looking forward to a summer relief rally for Bitcoin (BTC) may have to wait a bit longer. The bear market always cleanses us of our excesses and reveals the most toxic players in our industry. Did I tell you about Terra (LUNA) - now renamed Terra Classic (LUC) - Celsius, Three Arrows Capital, BlockFi - and Voyager Digital? The crypto broker filed for Chapter 11 bankruptcy this week, putting hundreds of thousands of creditors on high alert.
This week's Crypto Biz newsletter dissects Voyager's bankruptcy proceedings and offers some potentially good news about Celsius. We also take a look at the latest high profile miner who forcibly sold their Bitcoin and announce further capital raises for one of China's most prominent venture capital firms.
Celsius has repaid 143 million DAI loans since July 1Celsius seems to be approaching
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