BlockFi was one of the companies that liquidated the collateral on a loan taken out by hedge fund Three Arrows, according to a report.
The post BlockFi among firms that liquidated Three Arrows collateral: FT appeared first on The Block.
The complainant alleges Musk’s tweets and public messaging drove a significant price spike in DOGE and encouraged people to invest.
The post Tesla CEO Elon Musk accused of dogecoin Ponzi scheme in new class action lawsuit appeared first on The Block.
Major investors of crypto lending platform Celsius are “unlikely” to provide additional financial support, the Wall Street Journal reports.
The post Celsius investors ‘unlikely’ to provide bail-out funds: WSJ appeared first on The Block.
Quick Take
- Soulbound tokens are attestations of identity-relevant information about an individual, such as their credentials, affiliations, and memberships
- They are envisioned to form the basis of individuation and sociality in web3
- Their core properties are being issued, publicly or partially publicly visible, and non-transferrable
- Here, we discuss how they allow one to build reputation, establish provenance, access uncollateralized lending, and build and protect their reputation and identity in web3
The report states that Texas has labelled its investigation a ‘priority.’
The post Texas securities regulator opens investigation into Celsius: Reuters appeared first on The Block.
Here’s how crypto investment vehicles performed in Europe on Thursday, June 16.
The post European crypto ETN and ETP report: Thursday, June 16 appeared first on The Block.
Quick Take
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- Underlying risks in the crypto economy are being exposed at an alarming rate as on-chain activities by troubled lender Celsius and the hedge fund Three Arrows Capital reveal the cascading effects of forced selling in the Ethereum ecosystem and beyond
- As valuations in the market continue to shrink, users are starting to look cross-chain in their search for the best sources of on-chain liquidity
- Meanwhile, TRON faces a major test with the depegging of USDD from USD
It is the latest example of Animoca expanding its blockchain portfolio through acquisition.
The post Animoca clinches majority stake in blockchain-based edutech platform TinyTap appeared first on The Block.
Following this latest withdrawal, the DAO Reserve will have pulled 5.5 billion TRX from exchanges in two days, or nearly 6% of total supply.
The post Tron DAO to withdraw another 3 billion TRX from exchanges appeared first on The Block.
USD Coin (USDC) issuer Circle Internet Financial is expanding with a new euro-centric stablecoin.
The post Circle announces new euro-backed stablecoin appeared first on The Block.
