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” SEC objects to XRP holders aiding Ripple defense “ The Securities and Exchange Commission (SEC) is attempting to block XRP holders from aiding in Ripple’s defense, and prohibit attorney John E. Deaton from any further participation in proceedings. In its official objection submitted on July 19, the regulator opposed the decision to recognize 1,746…
” Crypto firms facing insolvency ‘forgot the basics of risk management’ — Coinbase “ Department heads at Coinbase have weighed in on the market downturn amid solvency concerns surrounding Three Arrows Capital, Celsius Network and Voyager Digital, saying the crypto exchange had “no financing exposure” to these companies. In a Wednesday blog post, head of…
” Life after crypto biz: Retrenched staff ponder future in the job market “ Bleak market prospects continue to afflict the cryptocurrency ecosystem as prominent firms face the tough reality of reducing their workforce to ensure their long-term viability. Nonfungible token (NFT) marketplace OpenSea has established itself as an industry leader in its category. Still,…
” Breaking: Zipmex suspends withdrawals as CEO denies financial trouble rumors “ Thai cryptocurrency exchange Zipmex has paused withdrawals on its platform following a “combination of circumstances” beyond its control. Cointelegraph reports that Zipmex could be in trouble were dismissed as “rumors” by CEO and co-founder Marcus Lim following the failed acquisition of the Thai…
“Effective Ways to Optimize your Remote Worker’s Experience” We all would agree on the fact that the contemporary corporate world is undergoing some paradigm changes. The business world we see today is a lot different from how it seemed a few years back. What lies at the heart of the contemporary business world is an…
” Skybridge announces suspension of withdrawals from of its one crypto-exposed funds “ Skybridge Capital has suspended withdrawals from its Legion Strategies fund – one of the firm’s funds with crypto exposure. Founder Anthony Scaramucci confirmed the move July 19 in an interview on CNBC, after Bloomberg reported it a day earlier citing anonymous sources. …
” Amazon.eth ENS domain owner disregards 1M USDC buyout offer on Opensea “ On Tuesday, the Ethereum Name Service, or ENS, domain Amazon.eth received an offer for 1 million USDC (a stablecoin pegged to the U.S. dollar) from an anonymous wallet address on OpenSea. The offer to buy the ENS domain went unanswered however, and no…
” Source claims 3AC’s Deribit exposure is worth much less than reported “ Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit. In a 1,100-page affidavit composed by…
” 3AC allegedly liable for $2.8B in creditor claims “ According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims, as discovered through a recent 3AC creditors meeting. In addition, the claim amount could be understated, as many…
” Blockchain without crypto: Adoption of decentralized tech “ A blockchain can be seen as a distributed database whose information is stored across every node running the network. Because the database is distributed among those running the network, it guarantees data stored within it is accurate and securely stored. As the name implies, blockchains store…