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Grayscale Investments has called out the SEC for approving Bitcoin futures ETFs over spot Bitcoin ETFsThe DCG subsidiary recently penned a letter to a Columbia court to highlight the SEC’s unequal treatment of BTC-based ETFs. Grayscale’s letter came more than a year after it sued the SEC for denying its spot
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Winklevoss accused Genesis of recklessly lending to Three Arrows Capital (3AC) and hoping to “buy time to dig themselves out of the hole which they had created”.On Tuesday, January 10, Gemini co-founder Cameron Winklevoss wrote an open letter addressing the member of Digital Currency Group (DCG). In his letter, Winklevoss
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The crypto-focussed bank is writing off its acquisition of Diem's assets. Source
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Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” the plan states. Major Canadian Pension Plan Writes Down FTX Investment Ontario
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Singapore government’s Temasek has written down the full value of its $275 million investment in the bankrupt crypto exchange FTX. “Our belief in the actions, judgment, and leadership of Sam Bankman-Fried … would appear to have been misplaced,” Temasek admitted. Temasek’s Investments in FTX Now Worth $0 The Singapore government’s Temasek Holdings
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"My goal is to convince you that crypto is interesting, that it has found some new things to say about some old problems, and that even when those things are wrong, they're wrong in illuminating ways," he said. "Crypto has a pretty well-developed financial system, and I'm going to talk
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A major Canadian pension fund manager has written off a $150M investment in crypto lending platform Celsius Network as a total loss, expecting an impending shutter of the once high-flying CeFi platform. According to a report from the Financial Times, the fund is the second-largest in Canada and has signaled the
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The Canadian fund invested US$150 million in Celsius in the fall of 2021. “Blockchain technology has the potential to disrupt several sectors of the traditional economy. As digital assets grow in adoption, we intend to capture the right opportunities, while working with our partners towards a regulated industry,” Alexandre Synnett,
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IRL.This acronym has become shorthand for the regular, offline human existence in which we all participate, a realm lying outside of that new digital alternative to which investors, entrepreneurs and media commentators are increasingly drawn: the metaverse.“In real life” evokes a place where our bodies are physically present, one in
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On Friday, Joseph Delong, former chief technology officer of decentralized exchange, or DEX, SushiSwap, published a brief reflection of experiences during his tenure.Delong unilaterally resigned two days prior, citing internal structural chaos among developers behind the popular DEX. In explaining his decision, Delong outlined failures to scale operations, lack of
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