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, t...

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, t...

Crypto-lender Voyager has announced a path has been set for user withdrawals, more than a month after all activity on the platform was paused. All accounts with U.S. dollars could with draw up to $100,000 within 24 hours starting August 11th, with funds received in 5 to 10 days. https://twitter.com/investvoyager/status/1555592554040762369?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1555592554040762369%7Ctwgr%5E1839481fc9bd5c535b40a2a7782e960615de8f35%7Ctwcon%5Es1_c10&ref_url=https%3A...

Crypto-lender Voyager has announced a path has been set for user withdrawals, more than a month after all activity on the platform was paused. All accounts with U.S. dollars could with draw up to $100,000 within 24 hours starting August 11th, with funds received in 5 to 10 days. https://twitter.com/investvoyager/status/1555592554040762369?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1555592554040762369%7Ctwgr%5E1839481fc9bd5c535b40a2a7782e960615de8f35%7Ctwcon%5Es1_c10&ref_url=https%3A...

The Inflation Reduction Act which was signed into law by Biden last month has given an influx of $80m to the IRS and they are using it to bolster the agency with 80k+ agents in order to implement audits for "fat cats" whom might have not had the most truthful tax returns. Although the administration implied that new audits would not apply for those making less than $400k per year, Senate Democrats voted against that, opening it up for every tax payer at every income level. Where this should g...

The Inflation Reduction Act which was signed into law by Biden last month has given an influx of $80m to the IRS and they are using it to bolster the agency with 80k+ agents in order to implement audits for "fat cats" whom might have not had the most truthful tax returns. Although the administration implied that new audits would not apply for those making less than $400k per year, Senate Democrats voted against that, opening it up for every tax payer at every income level. Where this should g...

Uh oh! Looks like the largest NFT liquidation even is looming. Quite a few owners of NFTs such as Bored Ape Yacht Club and CryptoPunks are shaking in their boots, as they may have no choice but to see their prized possessions taken away from them. Those owners who have used their NFTs as collateral for borrowing funds may not have enough to repay after the NFT market's continuous downtrend. BendDAO, a lending service, has started to auction off $55m worth of NFTs that have a falling heal...

Uh oh! Looks like the largest NFT liquidation even is looming. Quite a few owners of NFTs such as Bored Ape Yacht Club and CryptoPunks are shaking in their boots, as they may have no choice but to see their prized possessions taken away from them. Those owners who have used their NFTs as collateral for borrowing funds may not have enough to repay after the NFT market's continuous downtrend. BendDAO, a lending service, has started to auction off $55m worth of NFTs that have a falling heal...

I'm definitely loving this. A Redditor decided to create an entertaining set of quotes from some of crypto's biggest critics into NFTs. Here is a direct link to the Stratos marketplace, on Arbitrum, where the NFTs are being sold. Here are some of my favorites though:Although NFT mania last year was crazy and bound to shake out some shill projects, the use case for NFTs will only get stronger with time, and the newer generation will help usher in a new world for digital collectibles ...

I'm definitely loving this. A Redditor decided to create an entertaining set of quotes from some of crypto's biggest critics into NFTs. Here is a direct link to the Stratos marketplace, on Arbitrum, where the NFTs are being sold. Here are some of my favorites though:Although NFT mania last year was crazy and bound to shake out some shill projects, the use case for NFTs will only get stronger with time, and the newer generation will help usher in a new world for digital collectibles ...

There's further turmoil for what was considered one of the hottest DeFi protocols in the market. TribeDAO, which was mainly comprised of Rari Capital and Fei Protocol, has seen a fall from grace after the infamous $80m hack back in April. Since then, information was revealed in how the hack might have happened (poor coding by inexperienced developers) and the DAO has made some questionable decisions in how they will repay users that lost money due to the exploit. Most recently, a proposa...

There's further turmoil for what was considered one of the hottest DeFi protocols in the market. TribeDAO, which was mainly comprised of Rari Capital and Fei Protocol, has seen a fall from grace after the infamous $80m hack back in April. Since then, information was revealed in how the hack might have happened (poor coding by inexperienced developers) and the DAO has made some questionable decisions in how they will repay users that lost money due to the exploit. Most recently, a proposa...

Billionaire and crypto enthusiast, Kevin O'Leary aka Mr. Wonderful spoke about Tornado Cash and claims it was necessary for Tornado Cash to capitulate in order to usher in "rules-based" crypto regulation in order to bring real institutional capital. Although O'Leary sees vast potential for crypto, he has also been a vocal proponent of regulation for some time which a majority in the space do not agree with. We can't deny Mr. Wonderful is a smart man, and although he sees potent...

Billionaire and crypto enthusiast, Kevin O'Leary aka Mr. Wonderful spoke about Tornado Cash and claims it was necessary for Tornado Cash to capitulate in order to usher in "rules-based" crypto regulation in order to bring real institutional capital. Although O'Leary sees vast potential for crypto, he has also been a vocal proponent of regulation for some time which a majority in the space do not agree with. We can't deny Mr. Wonderful is a smart man, and although he sees potent...

https://media.giphy.com/media/3o6ZsSEYZrxPtUoG40/giphy.gif A South Korean town called Gunpo is making headlines as their plan for delinquent fine reimbursement is seeing quite a bit of success. The pilot program, which was selected by the national government, has seen an 88% success rate in recovering traffic fines by $668,000, which is on track to exceed the goal of retrieving $759,000 by end of year. However, the program only saw these fines totaling ~$759 subject to crypto seizures, and cr...

https://media.giphy.com/media/3o6ZsSEYZrxPtUoG40/giphy.gif A South Korean town called Gunpo is making headlines as their plan for delinquent fine reimbursement is seeing quite a bit of success. The pilot program, which was selected by the national government, has seen an 88% success rate in recovering traffic fines by $668,000, which is on track to exceed the goal of retrieving $759,000 by end of year. However, the program only saw these fines totaling ~$759 subject to crypto seizures, and cr...

https://media.giphy.com/media/10htoZz7rhLZ6w/giphy.gif Tornado Cash, a popular transaction privacy shielding protocol, has been sanctioned by the US’ OFAC (Treasury’s Office of Foreign Assets Control), and has been blacklisted in the US. Due to their nature of hiding transaction history for users, it has become a primary tool for hackers to launder their illicit gains. Github shortly after suspended founder Roman Semenov’s account, taking the open source code offline: https://twitter.com/seme...

https://media.giphy.com/media/10htoZz7rhLZ6w/giphy.gif Tornado Cash, a popular transaction privacy shielding protocol, has been sanctioned by the US’ OFAC (Treasury’s Office of Foreign Assets Control), and has been blacklisted in the US. Due to their nature of hiding transaction history for users, it has become a primary tool for hackers to launder their illicit gains. Github shortly after suspended founder Roman Semenov’s account, taking the open source code offline: https://twitter.com/seme...

On this edition of “Another Day, Another Hack”, another stablecoin has been hit, but maybe not to UST proportions. Acala, a DeFi protocol on Polkadot, was exploited in their aUSD/iBTC pool, where malicious actors minted 1.2 billion aUSD tokens without depositing collateral. This caused a 99% depeg situation thereafter. However, the Acala team was able to determine it was a configuration issue that allowed the minting to occur, and was able to freeze the hacker’s wallet, which caused quite the...

On this edition of “Another Day, Another Hack”, another stablecoin has been hit, but maybe not to UST proportions. Acala, a DeFi protocol on Polkadot, was exploited in their aUSD/iBTC pool, where malicious actors minted 1.2 billion aUSD tokens without depositing collateral. This caused a 99% depeg situation thereafter. However, the Acala team was able to determine it was a configuration issue that allowed the minting to occur, and was able to freeze the hacker’s wallet, which caused quite the...

Bitboy Crypto, a well-known figure in the crypto world, has dropped his defamation lawsuit against Atozy, another well-known crypto figure. Atozy claimed that Bitboy was shilling poor fundamental assets, such as PAMP, just for his own gain. Bitboy fought back with a lawsuit against Atozy. However, the crypto community joined together to help Atozy's defense fund, and raised ~$200k in less than 24 hours. This prompted Bitboy to drop his lawsuit. https://twitter.com/atozy/status/1562544921...

Bitboy Crypto, a well-known figure in the crypto world, has dropped his defamation lawsuit against Atozy, another well-known crypto figure. Atozy claimed that Bitboy was shilling poor fundamental assets, such as PAMP, just for his own gain. Bitboy fought back with a lawsuit against Atozy. However, the crypto community joined together to help Atozy's defense fund, and raised ~$200k in less than 24 hours. This prompted Bitboy to drop his lawsuit. https://twitter.com/atozy/status/1562544921...

https://media.giphy.com/media/WmWc9Dubh3nUVwrWnA/giphy.gif ...well kind of hacked. On Tuesday, a flurry of messages on Twitter, Telegram, Discord, and more platforms began to hit the crypto community of a possible hack of Curve, arguably the most used DeFi protocol. Curve eventually responded with the issue with its nameserver for Curve.fi, not necessarily an issue with the protocol itself: https://twitter.com/CurveFinance/status/1557107088962224132?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7...

https://media.giphy.com/media/WmWc9Dubh3nUVwrWnA/giphy.gif ...well kind of hacked. On Tuesday, a flurry of messages on Twitter, Telegram, Discord, and more platforms began to hit the crypto community of a possible hack of Curve, arguably the most used DeFi protocol. Curve eventually responded with the issue with its nameserver for Curve.fi, not necessarily an issue with the protocol itself: https://twitter.com/CurveFinance/status/1557107088962224132?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7...