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Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
Celsius Network, the troubled crypto lender, “is deeply insolvent,” alleges the U.S. state of Vermont’s Department of Financial Regulation (DFR), noting the lender lacks the assets and liquidity to honor its obligations to account holders and other creditors.
This 21-Year-Old Student Wants His Locked-Up Funds Back From Voyager Digital
The implosion of Voyager Digital has stung trading firms and retail investors after the crypto broker filed for bankruptcy last week.
3AC Founder Briefly Surfaces; Buterin Defends Ethereum
Court gives Three Arrows Capital liquidators permission to claim US assets. Celsius pays off USDC loan on Aave, unlocks over $415 million in collateral. Buterin defends proof-of-stake blockchain ahead of Ethereum merge. Lightspeed launches $500 million fund for India and South East Asia.
Legal Ramifications of Using NFTs as Collateral for Secure Loans
NFT lending is becoming a big business, despite the recent crypto rout. Anderson Kill Associate Attorney Jeff Karas discusses the legal implications of using NFTs as collateral for secured loans.
Bitcoin Dips Below $20K as Inflation Hits 9.1%
Bitcoin has sunk below $20,000 after U.S. inflation hit a new 40-year high at 9.1% in June. CoinDesk Markets Managing Editor Brad Keoun discusses the impact of rising inflation on the crypto markets and global finance.
WisdomTree Exec on Future of U.S. Bitcoin Spot ETF Race
WisdomTree Head of Digital Assets Will Peck discusses his take on the U.S. spot bitcoin ETF race following a string of rejections from the SEC, sharing an update on the asset manager's application. Plus, reactions to BlockFi no longer accepting Grayscale Bitcoin Trust (GBTC) as collateral and crypto markets outlook.
How Crypto Mining Is Impacting Power Grid in Texas
Crypto miners in Texas are shutting down operations as the state’s electrical grid braces for a heat wave and surging power demand. Steve Kinard, director of bitcoin analytics at Texas Blockchain Council and Joshua Rhodes, The University of Texas at Austin research associate, discuss what this means for the mining community in Texas and beyond.
Bitcoin 'Bear Flag' Hints at Downside Risk
The emergence of a "bear flag" pattern on bitcoin's daily chart suggests downside risk ahead, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Below $20,000; Voyager Refund Questions
Bitcoin price sinks below $20K ahead of U.S. CPI data. Voyager users to get back USD deposits; crypto refund plan uncertain. Celsius repays over $113 million in debt, recovers $122 million in collateral. Financial Stability Board highlights stablecoins in work on crypto regulation. Bank for International Settlements says cross-border payments key to CBDC development. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Musk-Twitter Saga 'Opened Pandora's Box': Analyst
CFRA Senior Equity Analyst Angelo Zino discusses his outlook on Elon Musk stepping away from his Twitter deal and how it "opened a pandora's box." Zino also shares his insights into Musk's influence on social media and the crypto industry.