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The derivatives regulator directly regulates crypto futures and has an enforcement reach into fraud and manipulation of spot markets for the trading of non-security crypto assets. It’s expected to have a wider future role as an industry watchdog, but bills that would enhance its authority haven’t yet moved through Congress. Original
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Under the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, the
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The bid, though accepted by Celsius and a committee of its creditors, must still be approved by regulators to finalize the acquisition. Months ago, Bankruptcy Court Judge Martin Glenn warned “regulatory roadblocks” could plague the sale of Celsius much like it thwarted a fellow lender’s acquisition. In April, crypto exchange
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Hunting Hill Global Capital, a New York-based traditional finance hedge fund with $364 million in assets under management as of a March filing, announced on Wednesday that it will starts its digital asset affiliate, Hunting Hill Digital (HHD), which is backed by an undisclosed investment from early-stage venture capital firm
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Aerospace spinoff Virgin Orbit recently shut down, ending six years of operation after failing to secure a funding lifeline. Virgin Orbit has shut down its operations following the disposal of its assets and equipment to a trio of aerospace companies in a bankruptcy sale. The company confirmed its closure after Rocket
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Several jurisdictions have made outstanding efforts to release standard crypto regulations to safeguard citizens and their assets. World securities and future market regulator, the International Organization of Securities Commissions (IOSCO) has introduced a global approach to regulating the crypto market and digital assets. According to the statement made to the press,
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A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave V2 Polygon, preventing assets from being withdrawn from them, according to a May 19 proposal that attempts to
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Such contracts are often used in hedging strategies, but in the Solid World case they can bring certainty to carbon credit projects with long horizons. The liquidity pool will bring key funding to the mangrove projects "while providing structured inventory to distributors seeking to sell high-quality carbon credits," the press
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On May 10, the United States House of Representatives Financial Services Committee and Agriculture Committee held their first joint hearing on digital asset regulation. The event felt like a logical continuation of another recent hearing where representatives lambasted Securities Exchange Commission Chair Gary Gensler for perceived regulatory overreach. The principal narrative,
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The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion. Original Source
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