CFTC and SEC are looking into various potential legal infractions. US regulators are also looking closely at Celsius. According to Bloomberg News on Monday the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are investigating whether crypto hedge fund Three Arrows Capital (3AC), which declared bankruptcy
The leaders in the derivatives business voiced their opposition to the plan. Behnam argued that a “non-intermediated future” would be a “significant deal.” The plan to eliminate intermediaries in U.S. crypto derivatives by FTX has shaken up established financial institutions, but the head of the Commodity Futures Trading Commission (CFTC)
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The liquidator overseeing bankruptcy proceedings has possession of the collection. The majority of the assets were moved to the new wallet in the last 2 days. This week, the highly significant Ethereum-based NFTs belonging to the crypto hedge fund Three Arrows Capital were transferred to a new wallet. And the
The company has been granted authorization to sell Bitcoin it has mined. Celsius Network was silent for weeks before filing for bankruptcy. The CEO of the defunct crypto lender Celsius Network, Alex Mashinsky, has resigned, as reported by a New York law firm in a news release published on Tuesday.
The liquidated amount in just the last 24 hrs was around $65 billion. Market cap fell to $666 B from $950 B and it has bounced back to the $900 B range. The last 24 hrs were very chaotic in the crypto environment, fall can be seen in every cryptocurrency
After failing to achieve “product market fit,” the founder of Rentable, a non-fungible token (NFT) platform that allows users to rent out their NFTs, has announced today that the network would be closing down. The ability to make rentals has been suspended, however, users have until October 13 to complete
The business has funded more than 300 startups, including Web3 and NFT firms. A $359 million deal in January gave it a valuation of more than $5 billion. Institutional investors Temasek, Boyu Capital, and GGV Capital spearheaded the $110 million investment round for Animoca Brands, a major investor in NFT
The plan to temporarily halt ETH borrowing has support with 96.18% in favor. About 214 thousand AAVE have been utilized by voters to accept the proposal. After a vote, the Aave community decided to put an immediate stop on Ethereum borrowing until the Merge. Due to the substantial dangers associated
According to the latest Blockchain Industry Report released from DappRadar, the world’s leading app store for decentralized apps, although DeFi-based activity increased by 3.7% month-over-month, the industry’s TVL declined by 10.47%. Conversely, Ethereum scaling solutions have seen significant increases in their DeFi metrics amid the Merge, with Optimism being elevated
