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Weekly overview

Kyle Roche files to withdraw from class-action practice after video leak

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

According to a series of court records released on Aug. 31, Roche is understood to be “no longer involved” in Roche Freedman’s class action practice. In the wake of allegations…

Continue ReadingKyle Roche files to withdraw from class-action practice after video leak

DeFi can take a hint from traditional finance to lower risks, says ex-Morgan Stanley exec

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

Infinity Exchange CEO Kevin Lepsoe says if DeFi wants more institutional adoption in crypto, it must first nail the fixed income markets. The decentralized finance (DeFi) ecosystem scored another win…

Continue ReadingDeFi can take a hint from traditional finance to lower risks, says ex-Morgan Stanley exec

Indonesia plans to set up its crypto bourse by the end of 2022

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

The country’s deputy trade minister confirmed the intention, first voiced last year. The government of Indonesia returned to its plan to set up a digital assets exchange, publicly announced for…

Continue ReadingIndonesia plans to set up its crypto bourse by the end of 2022

DeFi protocol shuts down months after the Rari Fuse hack

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

BABL, the protocol's native token, crashed to a new all-time low of $0.23 after the founder announced that it's shutting down operations. Decentralized finance (DeFi) protocol Babylon Finance has finally…

Continue ReadingDeFi protocol shuts down months after the Rari Fuse hack

Dozens of Celsius clients ask US court to recover $22.5M in crypto

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

Suspension of withdrawals on Celsius custody contradicts the plain language of the firm’s terms of use, a group of disgruntled creditors argued. The bankrupt cryptocurrency lender Celsius Network is facing…

Continue ReadingDozens of Celsius clients ask US court to recover $22.5M in crypto

Tech giant Meitu loses over $43M of its crypto investment in bear market

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

Meitu was one among many public companies that purchased Bitcoin to hold as a treasury reserve during the peak of the bull run last year. Hong Kong tech giant Meitu…

Continue ReadingTech giant Meitu loses over $43M of its crypto investment in bear market

California State Assembly passes bill for licensing and regulating crypto firms

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

The bill requires digital asset exchanges and crypto companies to have a license of operation in the state of California. Lawmakers in California State Assembly passed the Digital Financial Assets Law,…

Continue ReadingCalifornia State Assembly passes bill for licensing and regulating crypto firms
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