Tornado Cash Ban May Not Stop Bad Actors but Could Put a Dent in Their Efforts, Former DEA Agent Says
William Callahan joined CryptoX TV’s “First Mover” to discuss the Treasury Department’s sanctioning of the mixing service. Source
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Bad
SOL Token Holds Price Support After Million-Dollar Hack Brings Bad Optics for Solana
Matthew Dibb, COO and co-founder of Stack Funds, said, "Sol has been underperforming relative to other Layer 1s recently, however, it is proving relatively stable given the hack today." Nevertheless, he said he expects continued selling pressure over the short run as details of the hack emerge. Original Source
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Country-specific crypto markets a bad idea, CZ says after gov’t talks
Binance CEO Changpeng “CZ” Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries.The global cryptocurrency exchange’s CEO has become increasingly involved in policy discussions with various governments as Binance continues its global expansion. Binance most recently obtained a license to operate in
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Custodia Bank's CEO Says Bad Actors and Regulators Caused Crypto Crash
Caitlin Long said bankruptcies were inevitable the moment bitcoin “started being leveraged, rehypothecated, or financialized with debt.” Source
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CoinFLEX recovery plan includes tokenized bad debt and more yields
Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering.The new token is known as Recovery Value USD (rvUSD) and will be worth $1 each. It is designed to help CoinFLEX recover $47 million
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Recent Crypto ‘Bloodbath’ Is Not Necessarily Bad, Regulators Say
“A lot of companies went, but the technology didn't go away, and it came back 10 years later,” Cunliffe said, pointing to survivors such as Amazon. “So whatever happens over the next few months to crypto assets that people trade, I expect crypto technology and finance to continue.” Original Source
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Ethereum price breaks out as ‘bad news is good news’ for stocks
Ethereum's native token, Ether (ETH), gained alongside riskier assets as investors assessed weak U.S. economic data and its potential to cool down rate hike fears.Ether mirrors risk-on recoveryETH's price climbed up to 8.31% on June 24 to $1,225, six days after falling below $880, its lowest level since January 2021.
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‘Bad’ crypto projects should not be bailed out says Binance founder CZ
Binance founder and CEO Changpeng “CZ” Zhao argues that “bad” crypto projects should be left to fail and not receive bailouts from crypto firms with healthy cash reserves. In a Thursday blog post, CZ said that firms that have been poorly operated, poorly managed or have released poorly designed products
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Singapore Regulator Says it will be Brutal and Unrelentingly Hard on Bad Behaviour in Crypto
In April, Three Arrows Capital, a hedge fund that said it's suffered heavy losses in the recent market downturn, said it will quit Singapore for Dubai, as the regulatory environment sours. Earlier, Binance, the largest crypto exchange by trading volume, shut down its Singapore unit and dropped its application for
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The CFTC’s action against Gemini is bad news for Bitcoin ETFs
On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with
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