2024-12-15
Bit Global, the custodian recently added to WBTC through its partnership with @justinsuntron, has sued @coinbase over its delisting. They say Coinbase unfairly delisted WBTC to push its own rival product, cbBTC. https://x.com/... https://www.theblock.co/... [image]
The Block
Justin Sun's BiT Global, which recently became a key stakeholder in the wBTC ecosystem, sues Coinbase for planning to delist wBTC after launching rival cbBTC
as set out plainly in the text you yourself cite. I look forward to your deposition under oath in California. No need to bring your banana. H.E. Justin Sun / @justinsuntron : It se...
2023-06-24
.@FTX_Official has filed a lawsuit against incubator and investment company K5 Global, Mount Olympus Capital and SGN Albany Capital, as well as affiliated entities and K5 Global co-owners Michael Kives and Bryan Baum. https://cointelegraph.com/... [image]
New York Times
A profile of Michael Kives, a Hollywood agent turned investor, as FTX's bankruptcy lawyers sue his VC firm K5 Global to recover the $700M that SBF had invested
New York Times :
2023-06-17
.@Tether_to: FUD with $USDT could be linked to @CoinDesk. CoinDesk demanded public disclosure of Tether's 1st quarter report. Tether decided to deny CoinDesk, but CoinDesk demanded documents from the New York Attorney General's office. https://tether.to/... [image]
Bloomberg
NY AG's documents: Tether once counted Chinese companies' securities among its reserves; in July 2022, Tether claimed not to be holding Chinese commercial paper
Bloomberg :
2023-06-16
.@Tether_to: FUD with $USDT could be linked to @CoinDesk. CoinDesk demanded public disclosure of Tether's 1st quarter report. Tether decided to deny CoinDesk, but CoinDesk demanded documents from the New York Attorney General's office. https://tether.to/... [image]
Bloomberg
NY AG documents: Tether once counted securities from Chinese companies among its reserves; Tether said in July 2022 that it held no Chinese commercial paper
Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin …
2023-06-07
.@cz_binance and @brian_armstrong's fortune decreased by $1.4 billion and $361 million respectively in the last two days. https://www.bloomberg.com/... [image]
Bloomberg
A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal
SEC v. Crypto — “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes …
2023-03-28
Lawyers for @SBF_FTX have agreed on new bail conditions with U.S. prosecutors. Bankman-Fried will be given a new phone that won't have internet access and will be limited to text messages and voice calls. https://www.coindesk.com/... https://twitter.com/...
Reuters
Sam Bankman-Fried's lawyers and prosecutors agree on new bail terms, including giving SBF a phone without internet and a monitored laptop with limited functions
Lawyers for Sam Bankman-Fried said they reached an agreement with U.S. prosecutors on Monday on revised bail conditions …
2023-02-23
Kratos Studios reached a valuation of $150 million in a seed funding round of $20 million. @Accel led the round. The gaming startup also acquired @IndiGG_DAO, a sub-DAO of @YieldGuild DAO via a token swap. https://www.theblock.co/... https://twitter.com/...
The Block
Bengaluru-based Kratos Studios, which lets developers design quests for gamers on its Web3 platform, raised a $20M seed led by Accel at a $150M valuation
Yogita Khatri / The Block :
2022-12-28
Federal authorities have arrested Avraham Eisenberg in Puerto Rico for his exploit of decentralized exchange @mangomarkets. https://www.theblock.co/... https://twitter.com/...
Reuters
Filings: the US charges Avraham Eisenberg with commodities fraud and manipulation for trying to steal ~$110M in October by rigging DeFi platform Mango Markets
U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal …
2022-11-14
Cointelegraph: FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities. https://cointelegraph.com/... https://twitter.com/...
Semafor
Sources: Sam Bankman-Fried and most of his inner circle are still in the Bahamas but many senior FTX employees left for Hong Kong and elsewhere in recent days
Cointelegraph: FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities. https://cointelegraph.com/... https://twitter.com/...
CoinDesk
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
Nikhilesh De / CoinDesk :
2022-10-25
The @NEARFoundation has set aside $40m USD for a $USN Protection Programme grant, designed to protect users from a recent issue relating to $USN by ensuring eligible $USN holders can redeem their $USN on a 1:1 basis with $USDT.e. https://near.org/... https://twitter.com/...
Decrypt
NEAR Protocol shuts down USN, its stablecoin launched in April 2022, “to safeguard USN holders” after USN exhibited risky characteristics like those of TerraUSD
To avoid another LUNA debacle, the undercollateralized USN will be phased out. — A stablecoin project …
2022-10-11
Portugal has long exempted individuals from paying capital gains tax on crypto earnings, but Finance Minister Fernando Medina is calling for a 28% capital gains tax on earnings made from cryptoassets held less than 1 year. https://blockworks.co/... https://twitter.com/...
Bloomberg
Portugal's budget proposes taxing gains on crypto purchases held for less than a year at 28%, a major shift for one of Europe's most crypto-friendly countries
Portugal is planning to start taxing digital-currency gains on purchases held for less than a year in a major policy shift for one of Europe's most crypto-friendly nations.
2022-09-06
.@binance will auto-convert $USDC, $USDP, $TUSD to $BUSD (Binance USD) from 2022-09-29 03:00 UTC. Users will continue to be able to withdraw funds in $USDC, $USDP and $TUSD at a 1:1 ratio to their $BUSD denominated account balance. https://www.binance.com/... https://twitter.com/...
CoinDesk
Binance plans to stop supporting the world's second biggest stablecoin USDC and convert users' USDC, USDP, and TUSD into its own stablecoin BUSD on September 29
Jamie Crawley / CoinDesk :
2022-07-25
Layer 1 blockchain @AptosLabs has raised $150 million in a Series A funding round led by @FTX_Official and @jump_. The round included investment from @a16z, @multicoincap and @circlepay among other crypto firms. https://www.coindesk.com/... https://twitter.com/...
CoinDesk
Layer 1 blockchain Aptos Labs has raised a $150M Series A led by FTX Ventures and Jump Crypto, bringing its total raised in 2022 to $350M
The team is looking to bring the Diem blockchain back to life. — Layer 1 blockchain Aptos Labs, which is made up of former employees …
2022-05-31
In October 2021, DeFi application @mirror_protocol succumbed to a $90 million exploit on the old @terra_money blockchain — and it went unnoticed until last week. The exploit was discovered by a Terra community member and analyst called “FatMan.” https://www.theblockcrypto.com/ ... https://twitter.com/...
The Block
BlockSec: a buggy smart contract on Mirror Protocol, a Terra DeFi app for betting on stocks using synthetic assets, was exploited for ~$90M over seven months
Quick Take — The exploit was accidentally discovered by a Terra community member last week. — It has been confirmed by security analysts BlockSec.
2022-05-16
Elwood Technologies announced a $70 million Series A round co-led by @GoldmanSachs & Dawn Capital. Investors: @Barclays, @BlockFi Ventures, Chimera Ventures, @commerzventures, @DCGco, @FlowTraders & @GalaxyDigitalHQ. https://www.theblockcrypto.com/ ... https://twitter.com/...
The Block
Elwood Technologies, a crypto-focused market access and trading service for institutional investors, raises a $70M Series A led by Goldman and Dawn Capital
Quick Take — Goldman Sachs, Barclays and CommerzVentures invested in the Series A round alongside venture capital firms.
2022-04-09
.@terra_money will acquire @avalancheavax tokens $AVAX worth $100 million from the Avalanche Foundation to boost the stablecoin reserve. https://twitter.com/... https://twitter.com/...
The Block
Singapore-based Luna Foundation Guard, a non-profit building reserves for the Terra (UST) stablecoin, plans to buy $100M worth of Avalanche tokens
MK Manoylov / The Block :
2022-04-08
.@terra_money will acquire @avalancheavax tokens $AVAX worth $100 million from the Avalanche Foundation to boost the stablecoin reserve. https://twitter.com/... https://twitter.com/...
The Block
Singapore-based Luna Foundation Guard, a non-profit building reserves for the Terra (UST) stablecoin, plans to buy $100M worth of Avalanche tokens
The Luna Foundation Guard (LFG), a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced Thursday …
2022-04-06
MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per bitcoin. As of 4/4/22 @MicroStrategy hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. https://twitter.com/... https://twitter.com/...
Bloomberg
MicroStrategy uses a loan against its bitcoin holdings to buy $190.5M more bitcoin, a first for the company; MicroStrategy now owns 129,218 BTC, worth ~$6B
MicroStrategy Inc. used a loan against its Bitcoin holdings for the first time to purchase $190.5 million more of the cryptocurrency.
2022-04-04
.@lemon_markets, a stock trading API startup, has raised $17 million in seed funding in a round co-led by Lakestar and @lightspeedvp. Angel investors from N26, https://public.com/ and Stripe also participated in the round. https://www.theblockcrypto.com/ ... https://twitter.com/...
The Block
German startup lemon.markets, which makes APIs for developers to build stock trading features, raises a €15M seed led by Lakestar and Lightspeed
Quick Take — Stock trading API startup lemon.markets has raised €15 million ($17 million) in a seed round led by Lakestar …