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.
Latest BlockFi News
BIS to create a digital currency market intelligence platform in wake of market collapse
According to the BIS, the need for the project is due to "the collapse of many stablecoins and decentralized finance (DeFi) lending platforms."
Is Three Arrows Capital insolvent?
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.
Iowa Insurance Division orders BlockFi to pay $943k fine over alleged unregistered securities offering
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 cuts 20% of workforce citing market downturn
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.
Celsius Network says its CEL token face regulatory risk in latest disclosure
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.
6 US regulators crackdown on Voyager Digital over interest-bearing accounts
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.
The CoinGeek Pulse Episode 77: HMRC seizes NFTs, SEC penalizes BlockFi, McDonald’s to enter Metaverse and BSV Academy launches Digital Signature course
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.
BlockFi agrees to settle $100 million penalty to SEC and 32 States
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.
SEC pursuing Gemini, Celsius over digital currency lending products
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 AG targets Nexo and Celsius in digital currency lending purge
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 piles on and issues cease-and-desist order vs Celsius Network
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.