Celsius was accused of playing customers' funds and pumping its CEL while having a $1.2B-holed P/L. Its 24K BTC and Mt. Gox's 150K BTC are threatening the recovering marketing.
The United States and its foreign allies must work together to create shared standards for regulating cryptocurrencies, said the US Treasury, who already delivered a framework for international cooperation to President Joe Biden on Thursday.
MakerDAO: 87.24% voted YES for the addition of HVBank, a 100 million DAI debt ceiling participation facility proposed by the Huntingdon Valley Bank, as a new collateral type in the Maker Protocol.
What collateral is eligible? Loans. - Commercial Real Estate Loans (Stabilized, Construction, Lender Finance) - Commercial & Industrial Loans - Government Guaranteed or Affiliated Loans - Consumer Loans - Residential Real Estate Loans - Capital Call Line
For more information, please visit here.
Embattled Crypto lender Celsius was accused of being ‘ponzi scheme’ by a former money manager for the company.
Celsius was accused of keeping track of customers’ deposits in U.S. dollar terms, even if they were actually owed Bitcoin or other tokens. When this error was discovered, it resulted in “a $100-$200 million hole on its balance sheet,” alleged Jason Stone, the former money manager of Celsius.
Celsius in 2020 used $90 million worth of Bitcoin deposits to “artificially inflate” the price of CEL, according to Stone, which let Mashinsky “enrich himself” and enabled Celsius to borrow against its CEL holdings.
Celsius was also said to have borrowed 1 billion Tethers from the stablecoin issuer to cover the hole in its balance sheet.
Celsius reclaimed $440 million of collateral after fully paying off a loan to Maker, and soon deposited $500 million in wrapped bitcoin (WBTC) to crypto exchange FTX.
The move suggests that Celsius might sell the assets for more liquid assets, although market data on the exchange did not indicate that it had already happened.
AAVE is proposing a new decentralized multi-collateral stablecoin, GHO, pegged to USD.
Similar to DAI: Bucket - vault, Facilitator - PSW.
Shiba Inu teased plans to launch a decentralized stablecoin, a reward token called TREAT as well as a collectible card game for its metaverse.
Over eight years after Mt. Gox imploded, the appointed trustee of Mt. Gox rehabilitation process was preparing to make repayments of 150K BTC, which may flood the market, to account holders.
In 2014, Mt. Gox was hacked and 850k BTC was stolen; the company filed for bankruptcy shortly thereafter.
Celsius was accused of playing customers' funds and pumping its CEL while having a $1.2B-holed P/L. Its 24K BTC and Mt. Gox's 150K BTC are threatening the recovering marketing.
The United States and its foreign allies must work together to create shared standards for regulating cryptocurrencies, said the US Treasury, who already delivered a framework for international cooperation to President Joe Biden on Thursday.
MakerDAO: 87.24% voted YES for the addition of HVBank, a 100 million DAI debt ceiling participation facility proposed by the Huntingdon Valley Bank, as a new collateral type in the Maker Protocol.
What collateral is eligible? Loans. - Commercial Real Estate Loans (Stabilized, Construction, Lender Finance) - Commercial & Industrial Loans - Government Guaranteed or Affiliated Loans - Consumer Loans - Residential Real Estate Loans - Capital Call Line
For more information, please visit here.
Embattled Crypto lender Celsius was accused of being ‘ponzi scheme’ by a former money manager for the company.
Celsius was accused of keeping track of customers’ deposits in U.S. dollar terms, even if they were actually owed Bitcoin or other tokens. When this error was discovered, it resulted in “a $100-$200 million hole on its balance sheet,” alleged Jason Stone, the former money manager of Celsius.
Celsius in 2020 used $90 million worth of Bitcoin deposits to “artificially inflate” the price of CEL, according to Stone, which let Mashinsky “enrich himself” and enabled Celsius to borrow against its CEL holdings.
Celsius was also said to have borrowed 1 billion Tethers from the stablecoin issuer to cover the hole in its balance sheet.
Celsius reclaimed $440 million of collateral after fully paying off a loan to Maker, and soon deposited $500 million in wrapped bitcoin (WBTC) to crypto exchange FTX.
The move suggests that Celsius might sell the assets for more liquid assets, although market data on the exchange did not indicate that it had already happened.
AAVE is proposing a new decentralized multi-collateral stablecoin, GHO, pegged to USD.
Similar to DAI: Bucket - vault, Facilitator - PSW.
Shiba Inu teased plans to launch a decentralized stablecoin, a reward token called TREAT as well as a collectible card game for its metaverse.
Over eight years after Mt. Gox imploded, the appointed trustee of Mt. Gox rehabilitation process was preparing to make repayments of 150K BTC, which may flood the market, to account holders.
In 2014, Mt. Gox was hacked and 850k BTC was stolen; the company filed for bankruptcy shortly thereafter.
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