The Biggest European Crypto Exchange Raised Almost 100 Mln UAH to Support Ukraine: On the Line With the WhiteBIT CEO, Volodymyr Nosov
by Staff The war in Ukraine continues. So does the help from various charitable organizations and individuals. WhiteBIT, the biggest European cryptocurrency exchange, couldn’t stand aside from the disaster, providing support to the country since the beginning of the Russian invasion. In almost 4 months, WhiteBIT managed to raise almost 100 mln UAH for the humanitarian needs and the needs of the military. Let’s find out the ways in which the company helps Ukraine and what is its biggest motivation to do so. What is WhiteBIT? We will start from afar. WhiteBIT is a crypto exchange that comes from Kharkiv, Ukraine. The company’s founder and CEO is Volodymyr Nosov. The…
Has the Crypto Space Fundamentally Failed to Deliver on the Ideals of its Foundation?
by Wieke Beenen After crypto lending platform Celsius froze all withdrawals, swaps and transfers between accounts due to “extreme market conditions”, they may now be looking at filing for bankruptcy. According to the Wall Street Journal Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on the possible filing. Celsius, which had approximately $11.8 billion in assets in May and has 1.7 million users, froze all of its activities earlier this month due to the extreme market volatility, a market downturn of which the ending is not in sight yet. The value of Celsius’ assets has fallen with about $25 billion since October. After…
Who are the Ones Selling During this Market Downturn?
by Staff By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock Who are the biggest sellers currently? One group of people who have a significant influence on BTC price is miners. A major Bitcoin mining farm in Canada, Bitfarms, is now “adjusting its HODL strategy” according to the press release to raise more cash and strengthen its balance sheet. Reportedly, the company has sold 3,000 BTC for approximately $62 million at an average price of $20,600. This selling is partly because Bitfarms have a BTC-backed credit facility with Galaxy Digital LLC, and with this raised cash they will reduce their debt with Galaxy Digital from $66 million to $38 million.…
