
Sam Bankman-Fried on brink of kajillionth bailout for crooked ‘crypto’ platforms
The struggling ‘crypto’ sector hopes to avoid having fun staying poor by embracing financial bailouts the same way that a drowning man grabs the point of a sword.
The struggling ‘crypto’ sector hopes to avoid having fun staying poor by embracing financial bailouts the same way that a drowning man grabs the point of a sword.
According to the BIS, the need for the project is due to "the collapse of many stablecoins and decentralized finance (DeFi) lending platforms."
Three Arrows Capital fails to meet margin calls, and as a result, some of its lenders have began liquidated the positions that 3AC had on its platform.
The IID said that the company was found violating the state's Securities Act, alleging BlockFi for offering and selling securities not registered or permitted for sale.
BlockFi founders Zac Prince and Flori Marquez said that "market conditions that have had a negative impact on our growth rate," driving their decision to make the job cuts.
The digital asset lending company recently updated its risk disclosure to point out that aside from lost keys and stolen coins, regulators are now a risk.
The regulators filed a mix of show cause and cease and desist orders against Voyager, which replied by saying that its products haven’t violated securities laws.
BSV Academy launches the "Bitcoin Primitives: Digital Signatures," course which aims to help developers understand Bitcoin's digital signatures and how it is used in processing Bitcoin transactions.
The U.S. securities regulator announced that BlockFi had agreed to pay the penalties and “pursue registration” of its lending product paying an initial $50M penalty to the regulator and a further $50M to 32 states.
The U.S. securities regulator believes that these companies offer products that should be regulated as securities, months after going after Coinbase for its Lend product.
New York’s attorney general has joined Kentucky, New Jersey and Alabama authorities in launching an attack on digital currency lending platforms, with sights set on Celsius and Nexo.
Kentucky has joined New Jersey, Alabama and Texas in booting out digital currency lender Celsius Network, issuing a cease-and-desist order against the firm.