With $167 million left in cash, the embattled exchange has finally turned Chapter 11 rumors into reality….
Continue reading on https://decrypt.co/105076/troubled-crypto-lending-platform-celsius-files-for-bankruptcy
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Users of Uniswap (UNI), the largest decentralized exchange (DEX) operating on the Ethereum (ETH) blockchain, have fallen victim to a sophisticated phishing attack, reportedly losing over USD 8.1m worth of assets. Meanwhile, Binance CEO Changpeng Zhao (CZ) falsely alarmed about the incident, claiming that the protocol itself was exploited. …
Read More: Uniswap Users Fall Victim to a USD 8M NFT Phishing Attack, Binance Pulls False Alarm…
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A major legal battle between digital asset giant Grayscale Investments and the US Securities and Exchange Commission (SEC) over the rejected application to convert the Grayscale Bitcoin Trust (GBTC), the world’s largest BTC fund, to a spot exchange-trading fund (ETF) might last even two years or longer….
Read More: This Is Low Long Grayscale vs. SEC Battle Over Bitcoin ETF Might Last…
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The downsizing and executive pay cuts follow high-level resignations and claims that the company failed to pay its bills….
Continue reading on https://decrypt.co/104674/bitcoin-mining-company-compass-cuts-staff-by-15
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The US Securities and Exchange Commission (SEC) Chairman Gary Gensler is “taking investors hostage” with his insistence to deny spot Bitcoin (BTC) exchange-traded products (ETPs) and exchange-traded funds (ETFs) to launch in the US, the influential Wall Street Journal said in its editorial piece.
Wall Street Journal’s Editorial Board writes that they are “agnostic on crypto, including bitcoin,” but that investors still should be allowed to “invest at their own risk.”…
Read More: Pressure on SEC Chair Rises as Even WSJ Accuses Gensler of ‘Holding Investors Hostage’ with Bitcoin ETF Stance…
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Chandler De Kock is Growth Strategist at UMA, an optimistic oracle built for Web3.
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It’s easy to get caught up in the chatter and concern that erupted in recent weeks around the collapse of TerraUSD stablecoin and then the latest round of losses that has set off job cuts and extreme market conditions throughout the broader crypto and [decentralized finance] DeFi ecosystems….
Read More: Bull or Build, There is No Bear…
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With the European Union advancing work on new regulations that could exert a significant impact on the crypto industry, a group of members of the European Parliament have proposed an amendment to the bloc’s anti-money laundering (AML) legislation that would cover non-fungible token (NFT) trading platforms with its provisions….
Read More: EU Lawmakers Want Anti-Money Laundering Rules To Cover NFTs…
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Bitcoin price settled below the USD 20,000 support zone. BTC is currently (04:05 UTC) consolidating near USD 19,100 and is down 1% in a day and 9% in a week.
Similarly, most major altcoins are trading below key support levels. ETH is well below USD 1,100 while XRP is struggling below USD 0.325. ADA could extend losses and test USD 0.42.
Total market capitalization…
Read More: Bitcoin and Ethereum Struggle to Recover, AR and RUNE Accelerate…
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One of the biggest bitcoin (BTC) and crypto investment companies, US-based Grayscale Investments, sued US Securities and Exchange Commission (SEC) after it rejected its application to convert the Grayscale Bitcoin Trust (GBTC), the world’s largest BTC fund, to a spot exchange-trading fund (ETF)….
Read More: Major Bitcoin ETF Legal Battle Begins as Grayscale Sues SEC…
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