Key Takeaways: 3AC’s biggest creditor is Genesis loaning over $2.3 Billion, Genesis loan to 3AC had a weighted average margin requirement of over 80% 3AC Founders’ location is unknown, Reportedly, 3AC Co-founder Zhu Su is on the list of creditors,…
Key Takeaways: Sitharaman states cryptocurrencies are by definition borderless and require international collaboration to prevent regulatory arbitrage. RBI had earlier sought a ban on crypto in India. Union Finance Minister of India Nirmala Sitharaman states that the Reserve Bank of…
Key Takeaways Fine imposed for violating Dutch money-laundering laws. DNB moderated fine by 5%. Companies in the Netherlands are legally obligated to register under the Money Laundering and Terrorist Financing (Prevention) Act. The Dutch National bank(DNB) disclosed that Binance-the world’s…
Key Takeaways: Regulated Consumer-focused digital currencies issued by private firms has benefits, says RBA Chief In late 2021, Governor Lowe flagged support for a retail form of digital currency, stating that tokens might circulate more freely in the economy. Regulated…
Key Takeaways: In June, bitcoin miners liquidated about 14,600 bitcoin on the market. May marked the first month where miners sold over 100% of their production. Core Scientific is the largest bitcoin seller by far, dumping almost 10,000 bitcoin in May…
Key Takeaways: “De-pegging” of stETH forced Celsius to sell its own holdings A rumor about a potential bailout following LUNA crash led to over $1 billion being withdrawn from Celsius within five days In Tether liquidation, Celsius incurred a loss…
Key Takeaways: In a leaked email, the company cited current market conditions for the decision. Coinbase to only restart the program in 2023. The company’s market share has shrunk from 5.3% in the first quarter of the year to just…
Key Takeaways Firm preparing for the possibility of a prolonged downturn. Departed staff to get accelerated equity vesting and 12 weeks of severance. Crypto.com, Coinbase recently laid off staff. Leading NFT marketplace OpenSea announces lay off up to 20% of…
Key Takeaways: Men- the most dominant gender group (63%) among young investors 76% of crypto investors have less than one year of experience in crypto 3.6 Million adults in Saudi are “crypto-curious.” Nearly 14% (or 3 Million) of the adult…
Key Takeaways: Celsius says it has $167 million of cash available to meet urgent needs. The firm had over $8 billion lent out to clients, and $12 billion in assets under management in May. The bankruptcy filing comes after a…
