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Vauld Buyout Talks; Celsius Fights Against Bankruptcy
Vauld in buyout talks with Nexo. Voyager Digital files for bankruptcy. Celsius community pushes on with short squeeze amid ongoing bankruptcy concerns. Bank of England calls for greater crypto regulation. “Wolf of Wall Street” says Bitcoin investments will be profitable in three to five years.
Voyager Seeks Bankruptcy Protection Amid Crypto Credit Crisis
Crypto lender Voyager Digital filed for Chapter 11 bankruptcy late Tuesday, estimating that it had more than 100,000 creditors and between $1 and $10 billion in assets. It also recorded the same range for its liabilities. CoinDesk Managing Editor of Global Policy & Regulation Nikhilesh De discusses the details and the potential outcomes.
MAS Mulls Crypto Limits; Pacquiao’s Pacman NFTs
Singapore’s central bank considers limiting retail participation in crypto. Vauld halts withdrawals, trading, deposits; explores restructuring. CoinLoan reduces withdrawal limit by 99%. Questions arise on how far Three Arrows Capital contagion can spread. Can Cardano pack a punch with Pacquiao NFT collection?
OpenSea Reports Email Data Breach
NFT marketplace OpenSea recently reported an email data breach after discovering that an employee of Customer.io had leaked the platform’s customer data to an outside party. “The Hash” group discusses solutions for security issues in Web3, noting the benefits of wallet-based logins.
Custodia Bank's Caitlin Long: Crypto Crash was ‘Foreseeable’
Custodia Bank Founder & CEO Caitlin Long shares her perspective on the crypto crash and current industry blowups, saying both industry members and regulators are to blame, due to all of the leveraging that was allowed to take place. She believes bankruptcies are inevitable. Long also weighs in on the SEC’s decision to reject Grayscale’s spot bitcoin ETF application and Grayscale's decision to start legal proceedings against the SEC.
Crypto Hedge Fund Three Arrows Capital Censured By Singapore Central Bank
Singapore’s central bank, the Monetary Authority of Singapore (MAS), reprimanded embattled crypto hedge fund Three Arrows Capital (3AC) for allegedly misleading it with false information. “The Hash” group discusses what the collapse of 3AC could mean for Singapore’s crypto scene and the country’s regulatory approach.
CFTC Charges Mirror Trading International With $1.7B Fraud
In one of the biggest scams in bitcoin’s history, the Commodity Futures Trading Commission has charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud. CoinDesk’s Danny Nelson dives into the details of this case, touching on the timing of the charges and possible restitution for its victims.
Why the Crypto Bear Market Isn’t Over Yet
Trade The Chain Director of Research Nick Mancini shares his bitcoin price outlook following an extreme downturn in the crypto markets throughout June, explaining why he anticipates continued bearish sentiment throughout July.
BTC Trades Down 40% In June, AUM Across Digital-Asset Investment Products Falls 36%
June of 2022 is shaping up to be bitcoin's worst month, according to data going back to 2013, trading down 40% this month, while digital asset market capitalization has dropped 70% since last November, according to JP Morgan. Plus, a look at CryptoCompare data on digital asset investment products as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.“
Grayscale Sues SEC Over Bitcoin ETF Application Rejection
Grayscale Investments is filing a lawsuit against the U.S. Securities and Exchange Commission (SEC) after the regulatory agency rejected its application to convert its Grayscale Bitcoin Trust product to a bitcoin spot ETF. “The Hash” group discusses GBTC’s importance for investors in the crypto market and the approval of bitcoin spot ETFs in other countries.