Key Takeaways: White House Council of Economic Advisers states that their “recession indicator variables” have exhibited strong growth in the U.S. economy since the start of Covid. Even if the coming GDP report reveals another quarter of contraction, the economy…
Key Takeaways: Described Alameda-FTX offer as “not value-maximizing,” adding it could potentially harm customers Voyager claims the offer is just a liquidation of Voyager’s assets on the basis that advantages AlamedaFTX Under the proposal, Alameda was to acquire all Voyager…
Key Takeaways Credit card issuers in Taiwan will have to comply with the new law within three months. FSC issued a letter to the regional banking association demanding credit card companies not to grant “merchant status” to virtual asset providers.…
Key Takeaways: Alameda Ventures plans to acquire all Voyager digital assets and digital asset loans. FTX and Alameda Ventures to offer Voyager’s customers an option to start a new FTX account with an opening cash balance FTX also plans to…
Key Takeaways: Institutional loans amounted to $1.5 billion of the total outstanding loans, while retail loans made up $300 million. FTX signed a deal with the option to buy BlockFi for up to $240 million. Earlier, BlockFi liquidated a $400…
Key Takeaways Allegedly, a former Coinbase manager and two others conducted illegal trade in at least 25 different cryptocurrencies and earned around $1.5 million. SEC has initiated investigations against the defendants on charges of securities fraud. Ishan Wahi, the ex-Coinbase…
Key Takeaways The move was to boost its cash position Tesla might buy more BTC in the future, says Elon Tesla did not sell any of its Dogecoin holdings. On Wednesday, leading automotive company, Tesla announced that it sold 75%…
Key Takeaways Reportedly, Zipmex lent $100 million in funds to battered Babel Finance. Zipmex is looking to raise Series b+ funding. On 17th June, Hong Kong-based Babel Finance halted withdrawals as the crypto lender struggled to pay back its clients…
Key Takeaways: 42% year-on-year rise in petrol prices and 10% increase in food prices increased inflation Bank of England to consider 50 basis point hike at its August policy meeting. Inflation rates worldwide are surging as geopolitical crises and market…
Key Takeaways: SkyBridge Capital announced that it has temporarily suspended withdrawals from its Legion Strategies fund that had exposure to cryptocurrency assets. About 18% of the fund had crypto exposure. Scaramucci states the fund is unleveraged, so there’s no fear…
