Why Margin Calls and Bot Liquidations Are Roiling Crypto

The pain now buffeting DeFi apps was triggered after centralized crypto lenders Celsius Network and Babel froze deposits and the rumored collapse of fund Three Arrows Capital sent crypto prices down by double digits over the course of a week. Celsius had worked with many DeFi apps to earn the high returns it offered. Much … Read more

Crypto Hackers Steal $ 100 Million With Horizon Bridge Attack

Computer code displayed on screens arranged in Danbury, UK, on ​​Monday, Jan. 4, 2021. In the spring, hackers managed to insert malicious code into a software product from an IT provider called SolarWinds Corp., whose client list includes 300,000 institutions. Photographer: Chris Ratcliffe / Bloomberg .

Ex-Bankers’ Study-Abroad Startup Nears $ 1 Billion Unicorn Status

Owl Ventures led the round, with Steadview Capital and Paramark Ventures as well as existing investors Jungle Ventures and Sequoia Capital India participating, the company, known by its brand name Leap, said Wednesday in a statement. Its valuation has doubled since a September fundraising and is nearing $ 1 billion, co-founder Vaibhav Singh, 37, said … Read more

Bitcoin’s Ferocious Selloff Pauses as Crypto Enjoys and Bounce

(Bloomberg) – Bitcoin snapped a 12-day slide, taking a breather to bounce along with the rest of the cryptocurrency market after a record-breaking string of declines. Analysts cautioned the respite may be brief. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that … Read more

Gut-Wrenching Surge in US Real Yields Is Crushing Risky Assets

Inflation-adjusted bond yields were negative for about two years, providing a key pillar of support for risk assets, which looked more appealing as a result. Their climb above zero has evaporated that positive backdrop, undermining equity valuations and threatening their relative attraction to bonds. .