White House Releases First Ever Comprehensive Crypto Regulatory Framework

White House Releases First Ever Comprehensive Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and draconian regulation of the crypto ecosystem. The White House has published a legal framework for engaging with bitcoin and cryptocurrencies in the U.S. following...
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CBDCs are a dystopian implementation of money

CBDCs are a dystopian implementation of money

Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19 of the G20 countries, and around 105 others worldwide, as shown by Atlantic Council statistics in 2022. They are being advanced...
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Three Arrows Founders Bought $50 Million Superyacht Called “Much Wow” Prior To Firm’s Collapse

Three Arrows Founders Bought $50 Million Superyacht Called “Much Wow” Prior To Firm’s Collapse

The Crypto Geniuses Who Vaporized a Trillion Dollars The boat was a beauty of a thing: some 500 tons across 171 feet of glass and steel as white as Santorini. All rounded edges, the five decks — one with a glass-bottom...
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Sam Bankman-Fried’s crypto firms had deep ties to bankrupt Voyager Digital

Sam Bankman-Fried’s crypto firms had deep ties to bankrupt Voyager Digital

Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX. His company was pseudo-valued at $32 billion in January and currently has more than a million users. Voyager is a...
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Crypto DeFi Lender Celsius Files for Bankruptcy

Crypto DeFi Lender Celsius Files for Bankruptcy

Cryptocurrency lender Celsius Network Ltd. filed for Chapter 11 bankruptcy. Celsius – the latest casualty of a $2 Trillion crash that has wiped out some of the industry’s biggest idiots and exposed hundreds of thousands of individual investors to steep...
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Crypto lender Vauld freezes withdrawals, eyes restructuring

Crypto lender Vauld freezes withdrawals, eyes restructuring

Vauld, a crypto lender backed by U.S. based Coinbase Inc., said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals Celsius Network, Babel Finance etc. in resorting to last-ditch measures to survive the crypto market cr...
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FTX gains option to buy BlockFi for up to $240mln

FTX gains option to buy BlockFi for up to $240mln

Cryptoexchange FTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a tweet. He added that BlockFi has faced a jump in withdrawals after news of crypto lending platform Celsius Network’s freeze. Sam...
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Crypto hedge fund Three Arrows Capital Ordered to Liquidate All Assets After Defaulting on $675M Bitcoin Loans

Crypto hedge fund Three Arrows Capital Ordered to Liquidate All Assets After Defaulting on $675M Bitcoin Loans

The rapid collapse of the massive crypto hedge fund, which once managed $18 billion, marks one of the worst causalities of the crypto collapse so far. On Tuesday, the distressed crypto hedge fund was ordered into liquidation by a Virgin...
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GS Supposedly Lead Group of Vultures to Buy Celsius after Bankruptcy

GS Supposedly Lead Group of Vultures to Buy Celsius after Bankruptcy

The Wall Street bank is seeking $2 billion in commitments from vulture investors to buy distressed digital assets at steep discounts if the crypto DeFi lender goes bankrupt. Goldman Sachs appears to be gauging interest and soliciting commitments from Web3...
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Musk Hit With $258 Billion Dogecoin Lawsuit

Musk Hit With $258 Billion Dogecoin Lawsuit

During his all-hands Q&A with Twitter employees, Elon Musk let slip a few details about his thoughts on crypto and payments within Twitter. After discussing subscription and advertising revenues, Musk notes that “I think payments would be an interest...
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Celsius Pauses All Withdrawals

Celsius Pauses All Withdrawals

Why do people trust the Khazars so much? Celsius wrote this in a “Memo to the Celsius Community”: Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this...
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BIS Calls For Centralization Of Crypto

BIS Calls For Centralization Of Crypto

While citing multiple problems with the decentralization model for cryptocurrencies (some of them valid and some of them not), the Bank for International Settlements has concluded in a report released this week that crypto ‘can’t fulfill the role o...
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Russia Actively Discussing Allowing Crypto For International Payments

Russia Actively Discussing Allowing Crypto For International Payments

In late March, the chairman of Russia’s Congressional energy committee, Pavel Zavalny, said in a press conference that Russia was open to accepting bitcoin for its natural resources exports. “When it comes to our ‘friendly’ countries, like China or...
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Tether Hikes US TSY Reserves

Tether Hikes US TSY Reserves

So-called ‘stablecoins’ have been making the mainstream media headlines for all the wrong reasons lately, but this morning there is some potentially good news for what some consider the liquidity backstop for the entire crypto ecosystem. Stablecoin...
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Coinbase bankruptcy rules updated

Coinbase bankruptcy rules updated

After posting a huge earnings miss, here is the latest version of the Coinbase Terms of Service, the addition of text that included the following: “Custodially held crypto assets may be considered to be the property of a bankruptcy estate,...
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