Cryptocurrency Analysis and News Portal
Voyager Digital, the centralized finance (CeFi) platform that filed for Chapter 11 bankruptcy in July 2022, is reportedly selling assets through the Coinbase crypto exchange. On-chain data suggest that Voyager received at least $100 million in USD Coin (USDC) in three days, starting Feb. 24.Since Valentine’s Day, Feb. 14, Voyager
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After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12
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The IMF had previously stated that crypto assets could be used to escape capital control. The International Monetary Fund (IMF) leadership has “generally agreed” that crypto assets should not be passed as legal tender. The group published their conclusion on February 23 after discussing a board paper on “Elements of Effective Policies
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The United States Securities and Exchange Commission (SEC) has objected to Binance.US’ move to acquire over $1 billion of assets belonging to the defunct cryptocurrency lending firm Voyager Digital.According to a Feb. 22 filing submitted to the U.S. Bankruptcy Court in the Southern District of New York, the SEC believes
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As a result of cryptocurrencies’ potential to revolutionize the conventional financial system, the accompanying difficulties are receiving increased regulatory attention. In the past few years, crypto-assets and the many products and services that go with them have grown quickly and are becoming more and more connected to the regulated financial system.
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Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally,” the fund’s co-founder told investors. Crypto Hedge Fund Shuts
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Data from CryptoQuant maintains that reserves are 100% clean, compared to 94% for Binance and 61% for Huobi. Source
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A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door to Blockchain Space for Russian Financial Service Providers The
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The Capital Market Authority (CMA), the regulator of Oman’s financial markets, looks to establish a new regulatory framework for the virtual asset industry in the Sultanate.According to a Feb. 14 press release, the new rules would include oversight of virtual asset activities, a licensing process for virtual asset service providers
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According to the complaint, from September 2017 through January 2018, Vista falsely advertised that it would trade customers’ digital assets and earn a 2.5% daily return or “double in just 80 days.” The company said it would trade customers’ bitcoin and ether using “Robot Traders” that the CFTC said it
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