KEY POINTS Celsius is down to $167 million “in cash on hand,” which they say will provide “ample liquidity” to support operations during the restructuring process. Celsius owes its users around $4.7 billion, according to its bankruptcy filing — and there’s an approximate $1.2 billion hole in its balance sheet. Celsius filing for bankruptcy this …
Russian President Vladimir Putin has signed a bill addressing the ban on the use of digital financial assets (DFA) for payments. The bill which was passed to the Russian Assembly also known as the State Duma was approved on July 8. It is also an amendment to the previous bill passed in 2020 which banned …
Duma Approves Bill Placing a Ban on the Use of Digital Assets in Russia Read More »
An analysis of Andorra’s Digital Assets Act and the potential confusion surrounding Bitcoin, blockchain and crypto according to crypto business owners. A small light of progress shines from Andorra, a tiny European country nestled between France and Spain. The country’s government, the General Council of Andorra, recently approved the Digital Assets Act, a regulatory framework …
Andorra green lights Bitcoin and Blockchain with Digital Assets Act Read More »
A timeline of Celsius’ battle with insolvency during the crypto crash, from the firm’s decision to limit some user activity before the “pause,” to its decision to file for bankruptcy on the advice of restructuring experts. After a months-long battle with insolvency issues, crypto lender Celsius Network has initiated bankruptcy proceedings. Celsius is the third …
The Fall of Celsius Network: A Timeline of the Crypto Lender’s Descent Into Insolvency Read More »
Co-Founder and CEO of Circle, Jeremy Allaire has announced the release of the company’s first monthly USDC reserve report for the month of June. Highlighting on Twitter, he affirmed the move as part of the stablecoin issuer’s strategy of expressing its commitment to increasing transparency and disclosure around USDC. The report showed a detailed breakdown …
Circle Publishes Inuagural USDC Reserve Treasury Report for June Read More »
The booming blockchain sector in Vietnam is having to deal with a serious deficit in specialists, local media revealed. Despite the large number of software engineers in the country, those with blockchain expertise meet less than a fifth of the current demand, with businesses already looking for talent abroad. Fierce Competition for Blockchain Experts Among …
Vietnam’s Blockchain Industry Faces Shortage of Talent Read More »
KEY POINTS Finance chiefs at the G-20 meeting have “strongly condemned” the war in Ukraine and expressed concern over an “alarming increase of food and energy insecurity.” Many members agreed that the recovery of the global economy has slowed and is facing a major setback as a result of Russia’s war against Ukraine, which was …
