The Last Fortnight in Crypto - July 2022
Recent News
Solana Announce Plans for Crypto Smartphone
In a Web 3 first, Solana have announced the reveal of a crypto mobile they’re calling Saga. The Android mobile device will go out with the project’s latest stack for developers named aptly the Solana Mobile Stack. The phone will feature a seed vault for private keys, Solana Pay for Android and the Solana dApp Store.
Introducing Saga pic.twitter.com/owICkHd7dh
BlockFi Announces Deal with FTX US, for $240M
Underwater crypto exchange BlockFi has signed an agreements with FTX US. BlockFi was one of the first firms to liquidate some Three Arrows Capital's positions in June after the company reportedly failed to meet margin calls from its lenders. Amid the market downturn and extreme price volatility, the crypto lending firm announced that it would be laying off 20% of its 850-strong staff, retaining roughly 600 people.
(Long thread!)
Excited to share an update on our previously announced term sheet with @FTX_US - and how we've broadened the scope of the initial deal for the benefit of all key @BlockFi stakeholders.
What Company Owns the Most Bitcoin in 2022?
One of the main features of the Bitcoin blockchain is its transparency. Bitcoin lets anyone see every transaction that has ever been made on its network and check the balance of every address out there. Because of this transparency, we’re able to know who owns the most Bitcoin (BTC) in 2022. According to Bitcoin Treasuries, a website tracking the Bitcoin held by publicly traded firms, some of them include; Voyagers, today we made the difficult decision to temporarily suspend trading, deposits, withdrawals, and loyalty rewards. Read more at: https://t.co/bpGFqQtjAs
Michael Saylor's MicroStrategy
Core Scientific
BTC Miner Marathon Digital Holdings
Fintech giant Square
Crypto exchange Coinbase
Crypto investment firm Galaxy Digita
Elon Musk’s Tesla
Voyager Digital Freezes Customer Assets
Cryptocurrency exchange Voyager Digital announced that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. The cryptocurrency exchange filed a notice of default to Singapore-based Three Arrows Capital, but promised it would continue operations. “The failure of a borrower, Three Arrows Capital, to repay a substantial loan from us makes this the right path forward,” Voyager Digital CEO Stephen Ehrlich of freezing trading, deposits, withdrawals and rewards.
LATEST TRENDS
Hundreds of BAYC Owners Set to Hire Out Their NFTs to Brands...
Unlike many NFT projects, Bored Ape Yacht Club provides the owners with the commercial rights, and hodlers are using them in creative ways. Hollywood actor Seth Green (Robot Chicken) is using his ape as the main character in an upcoming TV show. In April, food entrepreneur and BAYC NFT owner Andy Nguyen also decided to launch a BAYC-themed restaurant named Bored & Hungry in Long Beach, California. With the announcement of the launch of new platform Mouse Belt it has been made a whole lot easier for other BAYC holders to do the same, with over 200 signed up to the platform already...
Interesting concept below 👇 https://t.co/cdnSXmrajm
— Deepak.eth ⛓ (@dt_chain) June 29, 2022