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Christian Nwobodo

Journalist CryptoSlate

ECB’s Fabio Panetta says crypto needs regulation to maintain stability

Fabio Panetta said that the recent implosions may not be the endgame for crypto, if appropriate regulation is introduced globally.

3 years ago

Crime

OneCoin crisis manager Frank Schneider to face trial in the US

OneCoin crisis manager Frank Schneider is set to be extradited to the U.S. to face trial on two-count charges of wire fraud and money laundering,

3 years ago

Bankruptcy

Court approves issuance of subpoenas to 3AC co-founders

Co-founders Su Zhu and Kyle Davis are expected to disclose all financial information related to the bankrupt Three Arrows Capital within 14 days.

3 years ago

DAOs

ConstitutionDAO set to buy the US constitution again with private multisig

ConstitutionDAO claims that the transparency of the Ethereum blockchain undermined its first bidding effort. In the second attempt, it will participate in the Sotheby's auction via a private multsig wallet.

3 years ago

DEX

SushiSwap’s Jared Grey proposes to allocate 100% of xSUSHI revenue to Treasury

To extend Sushi's runway beyond the next 1.5 years, Grey proposed that 100% of Sushi's revenue should be allocated to the Treasury for the next 12 months.

3 years ago

Bankruptcy

Celsius gets extension for chapter 11 reorganization plan

Celsius has until Feb. 15, 2023, to submit a reorganization plan detailing how it will maximize profit for all creditors and stakeholders.

3 years ago

Lending

Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default

Nexus Mutual has initiated a withdrawal process for its remaining assets — roughly 12,887 ETH — from the M11 Credit pool.

3 years ago

Lending

Maple Finance severs ties with Orthogonal Trading over insolvency concerns

Orthogonal Trading misrepresented its financial exposure to the FTX collapse and defaulted on repaying its $31 million loan from Maple's M11 lending Pool.

3 years ago

Bear Market

Bybit, Swyftx join layoff spree following FTX collapse

Anticipation of continued decline in global crypto trading volumes forces Bybit and Swyftx to layoff employees.

3 years ago

Crypto

CryptoSlate Wrapped Daily: Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce

Ethereum accumulation rate spikes aggressively following FTX collapse, Sam Bankman-Fried speaks on "dark" donations to Republican political party, and much more in this edition of CryptoSlate Wrapped Daily.

3 years ago

Crypto

CryptoSlate Wrapped Daily: Ethereum losses deflationary gains; Andre Cronje reveals how DeFi saved Fantom

Andre Cronje said that Fantom invested about $4 million into DeFi yields and grew its treasury to over $51 million in 2021, crypto exchanges dismiss growing insolvency rumors post-FTX fallout, and much more in this edition of CryptoSlate Wrapped Daily.

3 years ago

Crypto

CryptoSlate Wrapped Daily: More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’

Coinbase reserve declined by 50,000 BTC daily between Nov. 23 and Nov. 27-equating to roughly $3 billion, JP Morgan said that the coming regulation may lead to convergence of crypto and TradFi, and much more in this edition of CryptoSlate Wrapped Daily.

3 years ago

Christian Nwobodo

ECB’s Fabio Panetta says crypto needs regulation to maintain stability

OneCoin crisis manager Frank Schneider to face trial in the US

Court approves issuance of subpoenas to 3AC co-founders

ConstitutionDAO set to buy the US constitution again with private multisig

SushiSwap’s Jared Grey proposes to allocate 100% of xSUSHI revenue to Treasury

Celsius gets extension for chapter 11 reorganization plan

Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default

Maple Finance severs ties with Orthogonal Trading over insolvency concerns

Bybit, Swyftx join layoff spree following FTX collapse

CryptoSlate Wrapped Daily: Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce

CryptoSlate Wrapped Daily: Ethereum losses deflationary gains; Andre Cronje reveals how DeFi saved Fantom

CryptoSlate Wrapped Daily: More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’

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