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Day: June 15, 2022

MICROSTRATEGY CEO SHEDS MARGIN CALL WOES AS BITCOIN NEARS $21,000

Michael Saylor took to Twitter to assure investors that MicroStrategy’s balance sheet is well-positioned to avoid a margin call in its bitcoin-backed loan. Michael Saylor said his company had anticipated eventual bitcoin volatility and is prepared to “HODL through adversity.” MicroStrategy took out a $205 million bitcoin-backed loan from Silvergate Bank in March 2022 and …

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Crypto Markets In Turmoil After Celsius Suspends Withdrawals

The crypto markets have suffered another flash crash after the custodial service provider Celsius announced to put all withdrawals on hold.   Insolvency worries grow On Monday, Celsius pushed an announcement via email, notifying account holders that they will be temporarily unable to withdraw, swap, or transfer assets held on the custodial staking and lending …

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Putin is ‘another Hitler in the making,’ Egyptian billionaire Sawiris says

An aerial view shows destroyed houses after strike in the town of Pryvillya at the eastern Ukrainian region of Donbas on June 14, 2022, amid Russian invasion of Ukraine. Aris Messinis | AFP | Getty Images KEY POINTS Russian forces now occupy about 20% of Ukraine, and bloody fighting rages in the eastern Donbas region, …

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Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here

On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters are debating whether or not the drop is the market’s bottom or if the fall could lead to deeper losses. At the time of writing, …

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French Fashion Brand Lacoste Enters Web3 With NFT Collection

French fashion brand, Lacoste has made a dive into the non-fungible token (NFT) ecosystem as it has launched its own collection dubbed Underwater (UNDW3). The collection consists of 11,212 NFTs, priced at 0.08 Ethereum per piece. The NFTs feature a 3D version of the crocodile, the fashion company’s brand logo with a robotic, glowing eye …

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