2023-03-31
#Crypto morning nuggets (6/7): 🏦🇺🇸 US banks had already been hesitant to work with crypto customers. Now they're even more so after this year's crypto-tinged bank collapses 👇 https://www.bloomberg.com/... via @crypto
Bloomberg
Insiders say crypto firms are struggling to access banking services and facing lengthy application procedures amid bank collapses and regulatory scrutiny
US banks, already hesitant to work with crypto customers, are now even warier of providing services to the industry after a string …
2022-07-15
🔎Six degrees of SBF, via @crypto: One of bankrupt @CelsiusNetwork's big creditors is staffed by several employees with links to Sam Bankman-Fried, whose @AlamedaResearch is also a Celsius creditor & whose @FTX_Official rejected a Celsius rescue. Got that? https://www.bloomberg.com/... https://twitter.com/...
Bloomberg
Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81M, is little known fund Pharos, which has staff with links to Sam Bankman-Fried
Among the more than 100,000 creditors of Celsius Network Ltd., the crypto lender that filed for bankruptcy on Wednesday, one entity stands out: Pharos USD Fund SP.
🔎Six degrees of SBF, via @crypto: One of bankrupt @CelsiusNetwork's big creditors is staffed by several employees with links to Sam Bankman-Fried, whose @AlamedaResearch is also a Celsius creditor & whose @FTX_Official rejected a Celsius rescue. Got that? https://www.bloomberg.com/... https://twitter.com/...
Bloomberg
Filing: Celsius has a $1.19B deficit on its balance sheet, ~$4.3B in assets against $5.5B in liabilities, and lost 35K ether due to StakeHound misplacing keys
Yueqi Yang / Bloomberg :
2021-12-06
First, #Bitcoin takes a wild ride before settling just under $50k; now comes news that crypto exchange #BitMart was hacked, w/ losses estimated at $200 mln. Enter at your own risk and have a nice weekend👇 https://twitter.com/...
The Block
Crypto exchange BitMart says it was hacked, resulting in the loss of ~$150M in crypto after its Ethereum and Binance Smart Chain hot wallets were breached
Tim Copeland / The Block :
2021-11-22
Texas is already home to the most vulnerable power grid in the U.S. Now, an army of crypto miners w/ more than double the electricity demand of Austin are flocking there, drawn in part by light-touch regulations. What could possibly go wrong? https://www.bloomberg.com/... via @business
Bloomberg
Texas, which has the most vulnerable power grid in the US, is attracting crypto miners with incentives, cheap power, and lax regulation
Naureen S Malik / Bloomberg : Tweets: @bwilliliou Tweets: Beth Williams Liou / @bwilliliou : Texas is already home to the most vulnerable power grid in the U.S. Now, an army of cr...
🇸🇻 More on #Bitcoin City: “Likening his plan to cities founded by Alexander the Great, Bukele said Bitcoin City would be circular, w/ an airport, residential & commercial areas, & feature a central plaza designed to look like a bitcoin symbol from the air” https://www.reuters.com/...
CoinDesk
El Salvador plans to build a “Bitcoin City” initially funded by a $1B “bitcoin bond”, with $500M to build mining infrastructure and $500M to buy more bitcoin
the long-term play is starting to come into focus https://twitter.com/... Bernhard Mueller / @muellerberndt : Basically the same model MicroStrategy uses: Borrow billions of USD vi...