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Accredited investor laws are the bane of many in the crypto industry, who see them as preventing small investors from accessing big opportunities. When Celsius was recently forced to cut off access to U.S. citizens who were not accredited investors, many cried foul.Did it help some users avoid the current
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Summary: Three Arrows Capital was an early investor of dYdX. The team at dYdX has released a statement clarifying that the project is unaffected by the financial situation facing Three Arrows Capital. Nexo’s co-founder has also clarified that they have zero exposure to Three Arrows Capital. The ongoing insolvency facing Three Arrows Capital due
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Summary: The UK is looking to transform Britain into a crypto hub. However, the UK’s digital minister has issued caution as they want to have proper investor protections. The UK also wants to create measures to guarantee crypto will not be used for money laundering or circumventing global sanctions. The UK’s digital minister, Chris
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Japan emerges as a precedent-setting nation by passing stablecoin regulation in the wake of the TerraUSD collapse. Source
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael Burry’s Recession Warning Famous investor and founder of investment
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From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week.
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Crypto-focused venture capital fund NGC Ventures has raised $100 million for its third blockchain fund. Original Source
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A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,” he said about
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Famed value investor and fund manager Bill Miller says he has “a lot” of bitcoin and has not sold any despite the recent crypto sell-off. He insisted that investors should put some of their liquid net worth in the cryptocurrency. Bill Miller Shares His Bitcoin Outlook Famed value investor Bill Miller is
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