Justin Sun denies liquidation rumors amid market turmoil
Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.
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China dev fined 3 yr’s salary for VPN use, 10M e-CNY airdrop: Asia Express
Chinese national fined three year's salary for using VPN for remote work, Hangzhou airdrops 10M e-CNY, JPEX alleged Ponzi nears $200M, and more. by Zhiyuan Sun 4 min September 28, 2023 Share Share Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese worker fined $145K over VPN
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
USDC issuer Circle terminates SPAC merger with Concord
The deal previously valued Circle at $4.5 billion in July 2021 before an upwards revision to $9 billion in February 2022. Own this piece of crypto history Collect this article as NFTAccording to a new press release published on Dec. 5, USD Coin (USDC) issuer Circle announced the mutual termination of its proposed merger with special…
Terra founder reveals what will happen to UST if Bitcoin price crashes
Do kwon told Laura Shin on her Unchained podcast that he is betting on the long term growth of BTC price and isn’t worried about short term volatility. 556 Total views 12 Total shares Terraform Labs CEO Do Kwon has conceded that a crash in the price of Bitcoin would be “negative” for the stability…
Roubini: BitMEX in Violation of Securities Laws, Crypto a Metastasized Cancer
Economist and anti-cryptocurrency pundit Nouriel Roubini has recently declared that there is “overwhelming evidence of rampant fraud and abuse” in the crypto space. Roubini, a professor at NYU’s Stern School of Business, also took aim specifically at the compliance policies of crypto exchange BitMEX in an essay entitled “The Great Crypto Heist.” The essay was published…
President of Germany’s Central Bank Warns of Serious Outcomes of Digital Currencies
The president of Germany’s central bank, the Deutsche Bundesbank (BBk), has warned central banks about the potential risks of introducing digital currencies, Reuters reports on May 29.Jens Weidmann, BBk president and chairman of the board of the Bank for International Settlements (BIS), reportedly claimed that the adoption of digital money could potentially destabilize the financial…
11 benefits blockchain explorers offer both individuals and companies
Even those who aren’t steeped in the finance industry can probably call up a visual image of an old-school stock ticker, generating lengths of white tape to help investors stay on top of stock market transactions and developments. Today, these have been supplanted by up-to-the-moment digital trackers. In similar fashion, the crypto industry has blockchain…