This week saw the continued unravelling of CeFi/DeFi lending/loaning platforms and affiliated parties. For a fuller picture, check out the articles below.
Also, everyone is catching up to the fact that video card prices have been declining. Bear markets are good for that. xD
Also be sure to check out the short video clip explaining central banking as the board game Monopoly- it’s pretty good.
Comments and suggestions, reach out -> hello@ tinycryptoblog.com
Be well, Everyone.
Three Arrows Capital on Brink of Default, Allegedly Owes Voyager Around $657M
Voyager Digital Secures a $500M Credit Facility Loan From Alameda Following 3AC Fiasco
Celsius Warns Stabilizing Liquidity ‘Will Take Time’ As Lead Investor Proposes Recovery Plan
The current Celsius, 3AC situation may not be as bad as rumors suggest
Goldman Sachs Joins Deep-pocketed Investors Eyeing Crypto Lender Celsius’ Assets
Zerohedge: Goldman Raising $2 Billion To Buy Distressed Celsius Assets
Celsius Enlists Advisers for Potential Bankruptcy, According to WSJ Report
Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties
Crypto lender Maple Finance joins list of platforms facing liquidity issues Oluwapelumi Adejumo
Inside The Three Arrows Capital (3AC) Collapse And The Lessons It Has Taught Crypto
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Articles on Medium this week
Articles
Podcasts
The Cost of Crypto Podcast
This Week In Twitter
Recommended Viewing
Reports:
Headlines
Adoption
–New Northern Trust Unit Merges Crypto, TradFi Teams
–Deloitte and NYDIG Will Allow Businesses to Access Services Built on Bitcoin
–WeChat Bans All Crypto-Related Content Following ToS Update
–Citi Partners With METACO for Digital Asset Custody Pilot
–Uphold withdraws with Venezuela, citing US sanctions [Uphold hosts the Brave browser BAT rewards]
–MyCointainer Announces Technical Integration with Fireblocks
CBDC (are just Surveillance Tokens)
Company / Product / Project News
–Solana Lending DAO Overturns Vote to Take Over At-Risk ‘Whale’ Wallet
–Avalanche Launches Bitcoin Brdige Through Web3 Wallet Core
CRIMES, SCAMS AND HACKS
–Harmony’s Cross-Chain Horizon Bridge Hacked for $100M
DAO
–Waves Founder Holding $500M Debt To Avoid USDN Depeg
DeFi , CenFi and Lending
–Three Arrows Capital on Brink of Default, Allegedly Owes Voyager Around $657M
–Voyager Digital Secures a $500M Credit Facility Loan From Alameda Following 3AC Fiasco
–Celsius Warns Stabilizing Liquidity ‘Will Take Time’ As Lead Investor Proposes Recovery Plan
–Goldman Sachs Joins Deep-pocketed Investors Eyeing Crypto Lender Celsius’ Assets
–Celsius Enlists Advisers for Potential Bankruptcy, According to WSJ Report
Exchanges
–
Fundraising and Sponsorships
–
Gossip
–50% of Latin American Consumers Have Experience Transacting Crypto: Mastercard
–Bitcoin mints more than 13,000 ‘wholecoiners’ in the past seven days
–One-third of Surveyed Gold Buyers View Bitcoin as the Better Bet [More liquid, 24/7 markets, near-instant transferability]
Implementation and Infrastructure
–Crypto ATMs To Be Installed At Top Hispanic Grocery Chain In 3 U.S. States [but, how many?]
Metaverse / Web3
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Mining
–Crypto miners dump GPUs as token prices fall
–Used Crypto Mining GPUs Flood The Market, But Should You Buy One? (Opinion) [to mine, no, but to use for gaming/graphics and mining as a side benefit? YES. And the longer prices stay depressed, the more people will capitulate and sell their cards.]
–Bitcoin Miners Sold 100% of Their Outputs in May: Analyst
–Bear Market Things: GPUs Become Cheaper As Crypto Crashes
–GPUs Are the Only Thing Getting Cheaper Right Now
Nation States (and other political jurisdictions)
–The Central African Republic Bets On Bitcoin
–
NFTs
–Meta set to begin testing NFTs on Instagram Stories with SparkAR
–EBay Acquires UK-based NFT Marketplace KnownOrigin
–BitGo Launches First NFT Custody Platform for US Institutions
Regulation, Legislation & Legal Matters
–Gensler appeals for ‘one rule book’ in negotiations with CFTC over crypto regulation
–Charles Hoskinson Testifies to Congress on Digital Asset Regulation
Stablecoins
–Fed Views Stablecoins as a Financial Instablity, Urges Regulators to Step in
–Global Stablecoin Adoption Points to Increased Dollarization
–Tether to Launch Stablecoin Pegged to British Pound Sterling
Taxation
–Albania to tax income from cryptocurrency trading by 2023
–India Clarifies Crypto Taxes, as Trading Volumes Crater
The Wall Street
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
–Grayscale Bitcoin Negative Premium Charts All-Time Low
Time Capsule
Outside News
You Do Not Change Bitcoin. Bitcoin Changes You.
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The app that let’s you buy/sell/trade cryptos, earn yields on crypto deposits and take out a crypto-backed loans
If you’re new to crypto, Coinbase is the easiest way to get started
Binance is a great exchange to buy and sell cryptos
Changelly is a good option for exchanging coins without having to use an exchange
Earn bitcoin while you shop online using Lolli
Get crypto-themed shirts, stickers, mugs and more at Teepublic
Download the Brave browser and block unwanted ads and earn rewards whileen you browse online
Download the Exodus wallet for you PC and smartphone
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