Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip

Coin Telegraph LogoCoin Telegraph1 mo ago

Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip

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Coinbase, Three Arrows Capital and MicroStrategy headline the latest business news from the world of blockchain.

Although details were sparse, the liquidation ruling came shortly after the crypto exchange Voyager Digital handed 3AC a notice of default for its failure to pay back a massive loan that included 15,250 BTC and 350 million USD Coin (USDC).

Earlier this week, the company introduced its 21Shares Bitcoin Core exchange-traded product, also known as CBTC.

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Article Details

Author / Journalist: Cointelegraph By Sam Bourgi

Category: Crypto

Topics: Coinbase Goldman Sachs MicroStrategy Venture Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 22:30:00

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 664 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 26065

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About Coin Telegraph

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Main Topics: Crypto

Official Website:

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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