Arrest Warrant For Terraform Labs Founders Surfaces
According to several stories in the media, the co-founder of Terraform Labs is being investigated for allegedly breaking the Electronic Financial Transaction Act as well as obtaining unlawful gains. Yonhap, a newswire agency based in South Korea, is claiming that prosecutors are trying to have an arrest warrant issued for Daniel Shin, who is the […]
Israel Proposes New Regulation for Digital Assets Guidelines
The idea comes after the country’s recent attempts to use cryptocurrencies in its economy. Monday, Israel Ministry of Finance released a set of suggestions for how to regulate digital assets. This is a step forward for the country’s move into the world of cryptocurrencies. The recommendations call for the creation of a new regulatory infrastructure […]
Aave Supporters Approve Of Lending Freeze
Members of the Ethereum community voted on Monday to freeze 17 assets in the Ethereum liquidity pool. This is to lower risk in the DeFi protocol before the network is upgraded to v3. Decentralized finance (DeFi) protocol Aave has stopped people from borrowing and lending assets from its Ethereum liquidity pool. This is in response […]
Silvergate Unveils Value of Its BlockFi Digital Asset Deposit Exposure
Following the filing of a bankruptcy petition by BlockFi, the share price of the bank fell by 11% on Monday, landing at $25.90. In a press release issued late on Monday, Silvergate Capital (SI) stated that its total digital asset deposit relationship with BlockFi, which filed for Chapter 11 bankruptcy protection on Monday, is less […]
Matrixport Looks to Raise $100M at $1.5B Valuation
Every month, Matrixport trades $5 billion of goods and has $10 billion in assets under management and custody. Jihan Wu is in charge of the company Matrixport, which wants to raise $100 million at a $1.5 billion valuation. At the sky-high valuation, lead investors have already committed $50 million, but the Singapore-based company is still […]