<100 subscribers
This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
Share Dialog
Share Dialog
https://media.giphy.com/media/d3mlmtNPoxNrt4Bi/giphy.gif
Welp! Celsius' awful investing strategies are being put under the microscope in their Chapter 11 restructuring, but for some, the damage has already been done (hey that rhymes!). The Quebec Pension Fund (CDPQ) wrote off almost all of its' 10-month $154.7m USD investment in Celsius, as CEO Charles Émond cites "For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition." Fortunately, this only affects a fraction of their $303.4b USD fund, so not ALL is lost. However, they are seeking legal avenues to retrieve some of their money (get in line, pal), but that path is not as clear as of this moment.
I vote that Celsius pays back from lowest amounts owed per account to highest. After all, don't the people that have little amounts in there need it more than the large funds that have only a fraction of their money lost? If anyone else is interested, I'll create a Change.org petition ASAP!
Written by: nikethereum.eth / Medium / Mirror
https://media.giphy.com/media/d3mlmtNPoxNrt4Bi/giphy.gif
Welp! Celsius' awful investing strategies are being put under the microscope in their Chapter 11 restructuring, but for some, the damage has already been done (hey that rhymes!). The Quebec Pension Fund (CDPQ) wrote off almost all of its' 10-month $154.7m USD investment in Celsius, as CEO Charles Émond cites "For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition." Fortunately, this only affects a fraction of their $303.4b USD fund, so not ALL is lost. However, they are seeking legal avenues to retrieve some of their money (get in line, pal), but that path is not as clear as of this moment.
I vote that Celsius pays back from lowest amounts owed per account to highest. After all, don't the people that have little amounts in there need it more than the large funds that have only a fraction of their money lost? If anyone else is interested, I'll create a Change.org petition ASAP!
Written by: nikethereum.eth / Medium / Mirror
No comments yet