Business

Jul 19, 2022

Celsius has claimed ownership over most clients’ funds

Lawyers claim that 77% of user deposits belong to the platform in accordance with its terms of service

Jul 19, 2022

Three Arrows Capital owes $3,5 billion to investors

Cryptocurrency OTC platform Genesis was the largest lender to 3AC with $2,36 billion

Jul 19, 2022

Media: Winklevoss brothers’ crypto exchange executes second round of layoffs

An anonymous source told TechCrunch that Gemini has reduced staff by a further 7% due to “extreme cost cutting.”

Jul 19, 2022

One of SkyBridge Capital’s funds suspends withdrawals

According to sources, Legion Strategies has frozen redemptions because the shares of private companies, which are harder to sell, account for about 20% of the portfolio

Jul 19, 2022

Circle plans to go public before the end of the year

The deal will go through a merger with a SPAC company to bypass the IPO procedure

Jul 18, 2022

Rosbank conducts Russia’s first investment transaction with DFAs

The digital token is linked to the market value of palladium and entitles Rosbank to a cash claim equivalent to the market value of the metal

Jul 18, 2022

Interactive Brokers’ chairman says his willingness to buy bitcoins for $12 000

According to Thomas Peterffy, the first cryptocurrency will either fall under bans or become “very valuable”

Jul 17, 2022

Bit2Me exchange to refund service fees to 2gether platform’s customers

The companies entered into an agreement after 2gether blocked user funds and demanded donations to continue operations

Jul 15, 2022

OpenSea to cut 20% of its staff

The decision was made to reduce costs amid the decline of the crypto market

Jul 15, 2022

Celsius liabilities exceed assets by $1,2 billion

The bankruptcy filing says the platform made “certain poor asset deployment decisions

Jul 14, 2022

Polygon to take part in Disney’s Accelerator program

The studio will provide the blockchain platform with investment capital and a personal mentor

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