Crypto Exchange Voyager Gets looked into thoroughly by Regulators
Regulators continue to investigate past transactions of the troubled crypto exchange.
$270 Million in Loses Due to 3AC Exposure – Blockchain.com
A July 8 report claims that Blockchain.com suffered a loss of $270 million due to exposure to Three Arrows Capital (3AC), a crypto hedge fund. Peter Smith, CEO of Blockchain.com, shared the news in a letter to shareholders. Blockchain.com’s CEO Peter Smith stressed that the company “remains solvent, liquid and our customers won’t be impacted .”
$390 Million of Celsius Users Money was Evaporated from High Risk Trades by Celsius
Arkham Intelligence suggests that Celsius also profited from “the spread between it returns and the interest its users pay.”
Compass – A Crypto Mining Firm Lays off 15% of Staff
Following high-ranking resignations and allegations that the company had failed to pay its bills, the downsizing of executive staff and pay cuts was inevitable.
South Korea and The United States will Work Together on Crypto Cases, LUNA Case Included
According to reports, the U.S. government and South Korean governments have agreed to share information on ongoing crypto cases including that of Terraform Labs CEO Do Kwon as well as the collapses of stablecoin terrausd and cryptocurrency terra (LUNA).
More Fashion Companies Look in to Merging into Web3 and NFT Markets
Many fashion brands have continued to experiment with NFTs and web3 despite layoffs and drops in NFT floor price.
Another Crypto Mining Company Sells Bitcoin – Argo Blockchain sells $15.9 Million
Argo, the second crypto miner to announce this week that it has sold $15.6 million worth of Bitcoin, is now the second.
The Hacker who Broke into Crema Finance Returns $8 Million
The team behind Crema Finance, a decentralized finance protocol, stated that the hacker had returned approximately $8 million in crypto assets after some negotiations. The hacker was willing to accept a white-hat bounty of 45,455 solana, according to the team.
A Huge Drop in Crypto Users in the Bear Market – Bank of America
Bank of America revealed that its crypto-users have fallen more than half off their peak in November 2017. The bank also stated that its data “shows a sharp decline in outflows to cryptocurrency platforms,” which indicates that consumers are reducing their net investment in crypto platforms.
LimeWire Pulls in Big Names to Launch NFT Collections – Brandy, Travis Barker and More
LimeWire announced that a number of artists will launch NFT collections via its platform. These include Brandy, Travis Barker, and Nicky Jam. NFT collections include original artwork, music tracks, and fan experiences like a drum set giveaway. In March, the former peer-to–peer file sharing site announced that it would relaunch as a digital marketplace for collectibles.
