Neuer Schwächeanfall beim Bitcoin (Seite 12) | Diskussion im Forum

[faultcode]

Antwort auf Beitrag Nr.: 71.889.957 von faultcode am 30.06.22 13:55:20

July 1, 2022, 6:23PM EDT
Three Arrows Capital files for Chapter 15 bankruptcy in New York
https://www.theblock.co/linked/155578/three-arrows-capital-f…
...
Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in a New York court, according to Bloomberg.

The Friday development amid escalating financial problems for the crypto hedge fund. In recent days, a court in the British Virgin Islands appointed advisory firm Teneo to handle liquidation. Financial regulators issued a stern rebuke of the firm on Thursday.

Chapter 15 bankruptcy is meant for insolvency proceedings that involve more than one country. Court documents were not immediately available as of press time.
...

[faultcode]

Antwort auf Beitrag Nr.: 71.792.258 von faultcode am 15.06.22 22:36:43

Coinbase und der Datenschutz (in den USA):

ICE = Immigrations and Customs Enforcement: https://www.ice.gov/


...
https://theintercept.com/2022/06/29/crypto-coinbase-tracer-i…

[faultcode]

Antwort auf Beitrag Nr.: 71.770.370 von faultcode am 13.06.22 16:52:20

Celsius Chief Executive Officer Alex Mashinsky:


...
https://dirtybubblemedia.substack.com/p/hodl-for-thee-but-no…

[Kostolany4]

Warren Buffet bezeichnet Bitcoin als finanzielle Massenvernichtungswaffe, was seit jeher auch meine Meinung ist. Welchen Nutzen hat Bitcoin für die Welt? Keinen, da Bitcoin nur für Erpresser und andere Kriminelle einen Nutzen zu haben scheint. Der Schaden hingegen ist immens: Bitcoin verschlingt 5% des Welt-Stromverbrauchs und müßte schon längst von der BAFIN verboten werden, so wie es Südkorea und China gemacht haben.

Witzigerweise lobte die WAMS ein Kursziel von 250.000 $ aus, worauf ich das Pamphlet sofort kündigte. Meiner Meinung nach kann das endgültige Kursziel nur 0,000 sein.

[faultcode]

Antwort auf Beitrag Nr.: 71.800.421 von faultcode am 16.06.22 21:24:46

30.6.
FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale, source says
https://www.cnbc.com/2022/06/30/ftx-closes-in-on-a-deal-to-b…

• Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week, three sources familiar with the situation told CNBC.
• It comes after FTX provided a $250 million emergency line of credit to BlockFi.
• The price tag is well below BlockFi’s last valuation, leaving equity investors in BlockFi “wiped out” and writing off the value of their losses.
...

[faultcode]

Antwort auf Beitrag Nr.: 71.816.150 von faultcode am 20.06.22 12:58:01

29.6.
Aus und vorbei? – Amtsgericht ordnet Liquidation von Three Arrows Capital an
Für den einflussreichen Krypto-Hedgefonds 3AC scheint die Zeit nun abgelaufen zu sein, nachdem zuletzt die Kryptobörse Voyager Digital beträchtliche Rückzahlungen eingefordert hat.
https://de.cointelegraph.com/news/court-in-the-british-virgi…
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Der in Schieflage geratene Krypto-Hedgefonds Three Arrows Capital (3AC) steht Medienberichten zufolge wohl vor dem endgültigen Aus.

Wie die britische Nachrichtenagentur Sky News dementsprechend am heutigen Mittwoch berichtet, soll ein Amtsgericht auf den Britischen Jungferninseln die Liquidation von 3AC angeordnet haben.

Der Medienbericht bezieht sich dabei auf eine anonyme Quelle mit Insiderwissen. Bei Redaktionsschluss hat Three Arrows Capital noch nicht auf Anfrage von Cointelegraph reagiert.

Three Arrows Capital bzw. 3AC ist einer der wohl einflussreichsten Krypto-Hedgefonds überhaupt, was einen endgültigen Zusammenbruch der Investmentfirma umso folgenschwerer machen würde. Der 2012 von Kyle Davies und Su Zhu, zwei bekannten Köpfen der Kryptobranche, gegründete Investmentfonds ist durch den Crash von Bitcoin (BTC) auf nur noch 20.000 US-Dollar massiv in Bedrängnis geraten, denn durch die damit einhergehenden Verluste konnte die Firma erste Verbindlichkeiten nicht mehr erfüllen, und als dann gleich mehrere Kreditgeber Rückzahlungen eingefordert haben, verschlimmerte sich die Lage bis zur scheinbaren Zahlungsunfähigkeit.

Insgesamt soll der Hedgefonds in kürzester Zeit 400 Mio. US-Dollar verloren haben und nun insolvent sein.

Die Gründer von 3AC waren bisher bemüht, ihre Kunden zu beschwichtigen, zudem wurden mehrere Finanzberater ins Boot geholt, um adäquate Lösungen für die Zahlungsprobleme zu finden, indem Schulden umstrukturiert und neue finanzielle Mittel von anderen Geldgebern eingeholt werden. Sollte sich die Insolvenz mit der Entscheidung des Gerichtes nun bestätigen, würde eine wichtige Säule in Kryptobranche wegbrechen, die womöglich noch viele weitere Unternehmen mit nach unten zieht, die mit 3AC in Verbindung stehen.

Darunter zum Beispiel die Kryptobörse Voyager Digital, die in dieser Woche angekündigt hat, „rechtliche Schritte“ gegen Three Arrows zu prüfen, denn der Investmentfonds schuldet der Handelsplattform 15.250 BTC und 350 Mio. USD Coin (USDC).

[faultcode]

https://twitter.com/ForbesCrypto/status/1541893168152690690
https://www.forbes.com/sites/stevenehrlich/2022/06/28/bankma…

[faultcode]

24.6.
Almost $4 Billion in Bitcoin Miner Loans Are Coming Under Stress
https://finance.yahoo.com/news/almost-4-billion-bitcoin-mine…
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The prolonged slump in Bitcoin is making it more difficult for some miners to repay the up to $4 billion in loans they have backed by their equipment, posing a potential risk to major crypto lenders.

A growing number of loans are now underwater, according to analysts, as many of the mining rigs lenders accepted as collateral have now halved in value along with the price of the world’s largest digital token.

Few miners have defaulted on their loans so far, but recent sales are showing signs of distress. Core Scientific Inc. sold more than 2,000 Bitcoin in May to help cover operational costs. Meanwhile, Bitfarms Ltd. offloaded nearly half of its mined tokens earlier this month to pay down part of its $100 million loan with Galaxy Digital Holdings Ltd. It has also taken out another machine-backed loan from New York Digital Investment Group LLC.

If the market doesn’t improve, analysts warn it could be an ugly scenario. Selling Bitcoin reserves puts further pressure on prices and the cost of equipment could fall even lower if lenders -- looking to recoup their losses on defaults -- start liquidating machines they repossess. The value of Bitmain’s popular S19 mining rig is down about 47% from a high of roughly $10,000 in November, according to data from Luxor Technologies Corp.

“Bitcoin miners, broadly speaking, are feeling pain,” said Luka Jankovic, head of lending at Galaxy Digital. “A lot of operations have become net IRR negative at these levels. Machine values have plummeted and are still in price discovery mode, which is compounded by volatile energy prices and limited supply for rack space.”
...


An industry shakeout could be around the corner, especially for smaller, negative cash-flow operators that bought pricey equipment months ago, thinking it would appreciate in value.

If you factor in overhead costs for infrastructure and interest rates, the total costs for some miners may already be above $20,000, which is around Bitcoin’s current price, said Wilfred Daye, chief executive officer of Securitize Capital.

“Miners thought they would be in a better capital raising environment today,” Vera said. “They bought tens of thousands of machines, signed up for hosting, put the deposits down and now they can’t fulfill” obligations, he said.

Will Foxley, director of content at Compass Mining Inc., said the cost to raise capital has surged dramatically with debt and equity market opportunities drying up for miners.

“Bitcoin walks off the cliff, then the value for the machines goes down even more because people do not really want to use it for anything else,” he said. “There are just a ton of machine orders that are still outstanding.”

[faultcode]

Bitpanda, Österreich:

24.6.
Thiel-backed Bitpanda Cuts Hundreds of Jobs on Crypto Tumult
https://www.bnnbloomberg.ca/thiel-backed-bitpanda-cuts-hundr…
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Bitpanda GmbH is eliminating almost a third of its workforce as the crypto exchange turned investment platform looks to weather a bout of market volatility and plunging asset prices.

The Peter Thiel-backed firm will reduce headcount to about 730 from more than 1,000 as part of cost-cutting measures announced in reaction to the uncertain market environment. Bitcoin, the largest cryptocurrency, has tumbled about 70% from an all-time high reached in November.

“We need to make fundamental changes in how we operate and sharpen our focus by getting back to the basics,” Bitpanda said in a letter to employees posted on its website. The company said it will focus on “safety and compliance, user experience, education and community, while deprioritizing everything else.”

The job eliminations follow similar reductions across the sector, including at Coinbase Global Inc., Gemini Trust Co. and BlockFi Inc.

The Vienna-based company was valued at $4.1 billion in August when it raised $263 million, including from Thiel’s Valar Ventures, billionaire financier Alan Howard and REDO Ventures.

Bitpanda said it was seeking to preserve financial health in response to the uncertain outlook and wanted to remain self-funded.

“There’s lots of uncertainty in the financial markets right now and, while we do know that the industry is cyclical, nobody knows when the market sentiment will change.”

[faultcode]

Antwort auf Beitrag Nr.: 71.832.344 von faultcode am 22.06.22 15:11:46

weil die Mission so schön kompliziert klang, hier mal festgehalten. Das "Web 3.0" vergisst ja doch recht schnell:


https://www.advancedblockchain.com/mission


=> oder anders ausgedrückt: eine Technologie immer noch auf der Suche nach nachhaltig profitablen (legalen) Use cases