Cryptocurrency Analysis and News Portal
The firm borrowed large amounts of funds from several crypto lenders, including BlockFi, Celsius, Babel Finance and Voyager Digital, but was unable to pay. The lenders halted withdrawals or needed credit lines extended to weather the storm. Chapter11dockets.com first announced the bankruptcy, and Bloomberg reported it was a Chapter 15
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Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation.A court in the British Virgin Islands on June 27 ordered the liquidation of Singapore-based 3AC, the British news agency Sky News reported on Wednesday.The information in the report refers to
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The liquidation of crypto hedge fund Three Arrows Capital (3AC) has been ordered in a court in the British Virgin Islands, according to a report by Sky News. Source
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British Parliament Member Matt Hancock has called for “liberal” cryptocurrency regulation, noting that no country can stop the crypto revolution. “I hate the patronizing idea of regulators telling people what they can and can’t do with their money,” the lawmaker stressed. British MP Wants ‘Liberal’ Crypto Regulation Matt Hancock, a Conservative member
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The head of FTX Europe said that the company is already in touch with the country's financial regulator about entering the U.K. Source
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According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making
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The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your customer’ monitoring system “needs to be implemented.” RUSI:
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Canada’s blockchain industry has been growing and innovating over recent years, with the activity particularly centered in Toronto. In late 2021, a carbon-neutral bitcoin mining company was approved for public stock trading in Toronto. Earlier in the year, the first bitcoin exchange-traded fund in North America launched in the same
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The British auction house Christie’s has been immersed in the non-fungible token (NFT) art and collectibles industry for quite some time. Christie’s has auctioned blockchain-backed items like Block 21 of “Portraits of a Mind,” Cryptopunks, and Beeple’s NFT that sold for more than $69 million. On October 1, Christie’s plans
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Britain's Financial Conduct Authority (FCA) released a supervisory notice on Wednesday, stating that prominent crypto exchange Binance is not capable of being effectively supervised and exposes users to financial risk.The FCA notice — originally dated June 25 — was in relation to Binance’s “complex and high-risk financial products” that pose a
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