CAR’s wild memecoin ride from $600M to $35M, explained

Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary.What exactly is a “custody client?” It’s similar in principle to a savings…

The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court. 75 Total views 1 Total shares A group of Tornado Cash users has filed an appeal in federal court following a ruling upholding the United States Treasury’s decision to add the cryptocurrency

Former United States Representative Harold J. Ford has argued that Congress should have a nuanced approach to regulating cryptocurrencies.In an article published on CNBC on Sept. 5, Ford said that lawmakers and regulators should develop clear regulations toward digital currencies. He noted a comment from Chris Larsen, the executive chairman and co-founder of blockchain startup…

Morgan Creek Digital, backed by the institutional investment house Morgan Creek Capital with $1.5 billion in assets under management , has launched a new Digital Asset Index Fund in partnership with Bitwise, Forbes reports August 28. The new fund will give accredited investors, endowments, pensions and other approved institutional investors the possibility to gain indirect…

Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion over the same timeframe. The staggering rise in DeFi funding was despite overall crypto funding figures falling from $31.92 billion in 2021…

The United States' move to sanction the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening its grip over the global financial system for decades, ostensibly to cut down on bad behavior, but also to project power abroad.Economic sanctions, like the ones enforced…

As the community debates VCs participating in DAOs, Synthetix welcomes three new community members 1132 Total views 13 Total shares The Synthetix DAO has added some new, perhaps surprising voices to its governance. Today the synthetic asset protocol announced a $12 million dollar fundraise led by venture capital firms Paradigm, Coinbase Ventures, and IOSG. The funds…

The creditors have until February 21, 2023, to vote on a new scheme proposed by the company. 335 Total views 2 Total shares Own this piece of history Collect this article as an NFTAccording to a new press release on Feb. 15, Thai cryptocurrency exchange Zipmex stated that it sent a new scheme to all…