FTX's collapse has forced the global sports industry to rethink lucrative crypto sponsorship deals, some of which were replacing gambling partners
Future of big-ticket sponsorship deals between top-flight clubs and digital assets industry hangs in the balance Tweets: @kevin_kcdpr and @katie_martin_fx Tweets: Kevin Dinino / @kevin_kcdpr : It shou...
Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge
as always, thanks for reading and follow me here Tweets: Katie Martin / @katie_martin_fx : Genesis failure would land owner with $350mn payout to financier Todd Boehly @nikasgari here on crypto, Chels...
Tether says it had liquidated a loan to Celsius without incurring any losses and that the bitcoin-denominated loan was overcollateralized by about 130%
‘Position Has Been Liquidated With No Losses’ to the Company Anthonia Isichei / CryptoPotato : Tether Liquidated an Overcollateralized Bitcoin Loan From Celsius Without Risk Liam ‘Akiba’ Wright / Cryp...
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend
Negativity Continues to Plague the Crypto Hedge Fund Anushsamal / Bitcoinist.com : BlockFi Mentions That It Liquidated Three Arrows Capital, Here's What We Know! John P. Njui / Ethereum World News : D...
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, after UST and LUNA collapsed
Terra's “Stable” Coin Destabilizes Finsmart Community / Finsmart's Newsletter : Could this be the end of $UST / $LUNA? Ian Allison / CoinDesk : ‘Stable in Name Only’: Stablecoin Issuers Speak Out as U...
On a podcast, FTX CEO Sam Bankman-Fried says calling crypto “yield-farming”, where coins are staked for interest, a “Ponzi” is a “pretty reasonable response”
Sam Bankman-Fried describes explains “yield-farming” to Bloomberg. — Honk honk! Source: Bloomberg . Tweets: @wallstcynic , @katie_martin_fx , @cavandy , @emilyjnicolle , @tracyalloway , @katie_marti...
Interviews with 30 people detail the rise and fall of Meta's Libra project, later renamed Diem, as lofty goals were undermined by Facebook's reputation
On June 24 2021, Jay Powell and Janet Yellen sat down for their weekly breakfast amid the austere surroundings of the US Treasury building on 1,500 Pennsylvania Avenue. Tweets: @mshannahmurphy , @alex...
Internal docs show how antivax activists flooded vaccine content on Facebook with negative comments, despite Zuckerberg's push to promote COVID-19 vaccines
Internal company documents suggest that the company plays down awareness of its flaws. Kara Swisher / New York Times : The Endless Facebook Apology Katie Canales / Insider : Apple reportedly threatene...
How Monero, a cryptocurrency that obscures the sender and receiver, is increasingly being used by ransomware gangs wary of bitcoin's traceability
Untraceable ‘privacy coin’ is rising in popularity among ransomware gangs, posing problems for law enforcement Tweets: @tomhillenbrand , @katie_martin_fx , and @financialtimes Tweets: @tomhillenbrand ...
UK's Financial Conduct Authority proposes a ban on the sale of cryptocurrency derivatives like futures, options, and ETFs to consumers from next year
Financial Times : Tweets: @katie_martin_fx and @davidgerard Tweets: Katie Martin / @katie_martin_fx : ICYMI crypto (the ‘asset’, not the faeces-born bacteria) is a very sensible store of value: https...