Voyager Digital plans to sue Three Arrows Capital over a $650 million loan default. Three Arrows Capital had its positions liquidated after failing to meet margin requirements.
dYdX is a well-known derivatives exchange that will create a new blockchain on Cosmos and expand its reach. The exchange is still deciding what to do with StarkEx’s current version.
CEO Brian Shroder stated that the move is part of an effort “to help our market and customers during a time of crisis”.
Tencent’s Wechat plans to impose penalties against public accounts that facilitate secondary trading of NFTs. This is according to a report. The new rule also targets accounts that provide guidance and transaction channels for cryptocurrencies.
According to the utility, attracting more companies that use blockchain to the state will boost tax revenue and create new jobs.
Economists at Goldman Sachs see a greater risk of a U.S. depression. They stated that they are concerned that the Fed may feel compelled by high inflation and consumer expectations to react forcefully to rising energy prices, even though activity is slowing down.
BlockFi announced a $250M line credit from FTX just days after FTX CEO Sam BankmanFried stated that the exchange would bailout other companies.
Recent news reports revealed that Russia’s fiat currency the ruble was the most successful currency in the world. The articles also explained that American economists were confused by this trend.
When it was donated in March before the latest crash, the NFT was almost three times its current value.
Gary Gensler (chairman of the U.S. Securities and Exchange Commission) has warned that crypto investments can be too good to be true. The U.S. Treasury Department believes that recent market turmoil highlights the need for regulatory frameworks to mitigate the risks associated with digital assets.
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