Weekly Crypto Roundup: disharmony, downfall, and discounts
The HinduThe past week in crypto was dramatic all around, with more company catastrophes and a heist thrown into the mix too. However, the ongoing crypto winter didn’t stop two high-profile crypto traders, called ‘whales’ in crypto-speak, from scooping up new coins. Putting the ‘harm’ in Harmony Crypto headlines this week were taken over by the Harmony heist, which saw around $100 million in crypto funds stolen by hackers, now thought to be linked to North Korea. An arrow, or three, to the heart A large part of the crypto sector’s struggles right now exist thanks to the Singapore-based Three Arrows Capital, a crypto hedge fund that has been ordered to liquidate by a court in the British Virgin Islands. The Monetary Authority of Singapore has also reprimanded the crypto hedge fund for sharing “misleading information” regarding directors’ shares, and for going over its assets-under-management cap.
History of this topic
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End Of Crypto-Winter? Bitcoin to rally up, touch $100,000 by 2024, says Standard Chartered
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Crypto investors’ hot streak ends as harsh ‘winter’ descends
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