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Law Decoded, June 13–20: Celsius exodus and liquidity crisis
American platform became the first one to freeze the withdrawal operations, but might not be the last
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BTC Markets becomes first Australian crypto firm to get a financial services license
While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations, which may help it gain other complementary certifications.
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USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged
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New video revives debate over Bored Ape Yacht Club’s alleged ‘racist’ imagery
A new video examines the alleged racist and white supremacist symbols hidden in plain sight by Yuga Labs in its most popular NFT collection.
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Crypto lending platform Babel Finance reaches counterparty debt agreement
The firm emphasized that it will “actively fulfill its legal responsibilities to customers and strive to avoid further transmission and diffusion of liquidity risks.”
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BOSO TOKYO Looks to Bring Japanese Culture to the World via Innovative Use of Metaverse Capabilities
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How Celsius Network Is Proving Critics Wrong, Price Soars to $0.9 Amid Market Dip
It’s been eight days since Celsius Network Halted Swaps, Transfer, and Withdrawal, citing extreme market conditions. This came as the Crypto Market was experiencing a massive sell-off that saw Bitcoin hitting $17k low levels. Celsius had reportedly stopped users from withdrawing from the network, which caused some uproar in the community as many investors feared having to experience the same fate as LUNA/UST. Notably, LUNA/UST saw a significant shaking that resulted in investors losing over 99% of their investments and savings in the supposed stablecoin, UST. Celsius Crisis was significant because this platform poses as one whose investors have sole
The post How Celsius Network Is Proving Critics Wrong, Price Soars to $0.9 Amid Market Dip appeared first on The Merkle News.
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Crypto winter freezes sports sponsorships for digital asset firms
The crypto market downturn has made it difficult for crypto firms to pull the trigger on any new sponsorship deals with the sports teams they spent hundreds of millions on at the beginning of the year.
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China’s WeChat bans crypto and NFT-related accounts
The policy also covers secondary NFT trading as the firm notes that “accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with.”
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