BREAKING: Celsius reportedly filing for bankruptcy ‘imminently’
An unnamed source told CNBC that the company plans to file the bankruptcy paperwork “imminently.” Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, with its lawyers starting to notify individual U.S. state regulators as of Wednesday, July …
China’s central bank to expand deployment of e-CNY
Over 4,567,000 merchants across the country now accept the e-CNY as payment. According to China’s state institution Xinhua News Agency, Lan Zou, head of monetary policy at the People’s Bank of China (PBoC), announced that the country would be expanding …
UK court allows lawsuit to be delivered via NFT
Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook and a contact form on a website. According to a Tuesday notice from U.K. law firm Giambrone & Partners, a case brought by …
BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements
The international organizations affirm the “same risk, same regulation” principle by extending decade-old rules to the rapidly expanding new financial technology. The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance …
US Senate confirms Michael Barr as Fed vice chair for supervision
Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs. The United States Senate has confirmed the nomination …
Price analysis 7/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO
Bitcoin price saw a brief pull-back following July 13’s high inflation print, but the rebound seen in BTC and altcoins suggests that buyers are buying the dip. The United States Consumer Price Index soared to 9.1% in June, exceeding expectations …
UK Treasury Committee opens inquiry into crypto industry
The public has until Sept. 12 to submit evidence, which the committee may use in its report to Parliament on the risks and opportunities related to crypto and DLT. The Treasury Committee of the United Kingdom’s House of Commons has …
Playboy to launch in The Sandbox metaverse: Nifty Newsletter, July 6–12
A Web3 startup has also created a subscription model that uses nonfungible tokens to offer lifetime Netflix and Spotify memberships. In this week’s newsletter, read about Playboy’s upcoming virtual mansion in The Sandbox (SAND). Check out how a startup is …
How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000
The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price. The Bitcoin (BTC) price chart from the past couple of months reflects nothing more than a …
3 reasons why Bitcoin is struggling to flip $20K to support
BTC continues to sell-off, but analysts say investor sentiment could reverse when inflation peaks or traders feel that the situation with insolvent DeFi platforms is resolved. The positive gains recorded in the first ten days of July have all but …