Crypto Currency

Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans

MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to zero. This move effectively prevents any new borrowing from these vaults and lowers WBTC’s loan-to-value

Published 2 years ago in
Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans

MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to zero. This move effectively prevents any new borrowing from these vaults and lowers WBTC’s loan-to-value […]
The post Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans appeared first on CryptoSlate…
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Crypto Currency

Bitcoin’s drop toward $72,000 shows how US-Iran tensions are again hitting ETFs, leverage, and flows

Bitcoin fell toward the $72,000 level after a new wave of reported US military strikes on Iran pushed oil higher and sent another shock through risk assets. The largest cryptocurrency fell as much as 3.6% over a 24-hour window, touching an intraday low of $72,792, according to CryptoSlate’s data…

Published 6 hours ago in
Bitcoin’s drop toward $72,000 shows how US-Iran tensions are again hitting ETFs, leverage, and flows

Bitcoin fell toward the $72,000 level after a new wave of reported US military strikes on Iran pushed oil higher and sent another shock through risk assets. The largest cryptocurrency fell as much as 3.6% over a 24-hour window, touching an intraday low of $72,792, according to CryptoSlate’s data…
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Crypto Currency

Florida IT professional accused of stealing $1.9M in Bitcoin from former employer

This incident underscores the critical need for enhanced security measures and vigilance in cryptocurrency management to prevent insider theft. The post Florida IT professional accused of stealing $1.9M in Bitcoin from former employer appeared first on Crypto Briefing…

Published 6 hours ago in
Florida IT professional accused of stealing $1.9M in Bitcoin from former employer

This incident underscores the critical need for enhanced security measures and vigilance in cryptocurrency management to prevent insider theft.
The post Florida IT professional accused of stealing $1.9M in Bitcoin from former employer appeared first on Crypto Briefing…
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Crypto Currency

Trump reaffirms no easing of sanctions on Iran, no fund releases

The continued sanctions on Iran could escalate tensions, impacting global oil markets and increasing scrutiny on cryptocurrency platforms. The post Trump reaffirms no easing of sanctions on Iran, no fund releases appeared first on Crypto Briefing…

Published 6 hours ago in
Trump reaffirms no easing of sanctions on Iran, no fund releases

The continued sanctions on Iran could escalate tensions, impacting global oil markets and increasing scrutiny on cryptocurrency platforms.
The post Trump reaffirms no easing of sanctions on Iran, no fund releases appeared first on Crypto Briefing…
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Crypto Currency

Bitcoin (BTC) Crisis: 2 Choices, $88B at Risk

The conflict about Bitcoin (BTC) now exists beyond its technical aspects. The situation has developed into a political battle. The matter has progressed to a philosophical dispute. The situation requires immediate attention alongwith immediate resolution. Charles Hoskinson stands as the main figure who demonstrates that any effort to “steal” or freeze Satoshi’s coins will result

Published 10 hours ago in
Bitcoin (BTC) Crisis: 2 Choices, $88B at Risk

The conflict about Bitcoin (BTC) now exists beyond its technical aspects. The situation has developed into a political battle. The matter has progressed to a philosophical dispute. The situation requires immediate attention alongwith immediate resolution. Charles Hoskinson stands as the main figure who demonstrates that any effort to “steal” or freeze Satoshi’s coins will result [……
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