Summary: The European Central Bank has recommended urgent stablecoin regulation, citing UST’s recent collapse and losses faced by its holders. The ECB also states that algorithmic stablecoins should be treated as unbacked crypto assets due to...
U.K. opens consultation on DeFi taxation.
The MakerDAO community is voting on a proposal to add a 100 million DAI debt ceiling participation facility of Huntingdon Valley Bank (HVB) as a vault. So far, the majority have voted in favor of the...
Summary: Celsius Network has reportedly laid off 150 staff members who constitute 25% of its workforce. The team behind the lending platform had last month hired restructuring advisors. Celsius Network has also put forward three proposals...
Summary: Morgan Creek Digital is reportedly looking to raise $250 million to counter FTX’s line of credit to BlockFi. The move resulted from one of FTX’s terms for the credit line to BlockFi, to wipe out...
Summary: Arthur Hayes has cautioned the crypto community against believing Goldman Sachs will risk its own money to buy assets from the Celsius Network. Mr. Hayes explained that Goldman Sachs would simply assemble a bunch of...
Summary: Sky Mavis, the parent company of Axie Infinity, expects to reimburse hack victims on June 28th. The Ronin Network bridge is also expected to reopen on the same day. The parent company and developer of...
Summary: The crypto lending company of Celsius is reportedly considering filing for bankruptcy. Celsius has therefore hired more advisors to prepare for the potential filing. The crypto lending company of Celsius is reportedly considering filing for...
Summary: The Kyber Network team has admitted that Three Arrows Capital’s potential insolvency might impact its treasury. A small portion of Kyber Network’s treasury is with Three Arrows Capital but is not significant enough to affect...
Summary: The FTX crypto exchange is reportedly in talks to acquire a stake in the crypto-lending platform of BlockFi. Earlier this week, FTX gave BlockFi a $250 million line of credit to bolster its balance sheet...
Uniswap DEX has acquired NFT aggregator platform Genie This marks Uniswap’s second foray into NFTs, after Unisocks. Crypto exchange Uniswap is all set to expand its dominance in the NFT world by acquiring Genie, one of...
Bancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize. Bancor is the latest entity to take action as the effects of the bear market grow. The Bancor...