Technology
Legal
Celsius hires restructuring lawyers to help ease its financial woes
Celsius hired attorneys from Akin Gump Strauss Hauer & Feld LLP to help advise on possible solutions for its liquidity issues.
Legal
NYC Mayor plans to ask Governor Hochul to veto crypto mining bill
Passing the crypto mining bill into law will cause New York residents significant economic damage, according to Mayor Adams.
Scams
Richard Branson ramps up efforts to end crypto scams using his name
Branson has directed his legal team to confront social media companies that host false crypto advertisements bearing his name.
Lending
Nexo makes unsolicited offer to acquire Celsius’ assets after it halts withdrawals
Nexo made an unsolicited offer to buy "any remaining qualifying assets" of Celsius Network, including its collateralized loan portfolio, brand assets, and customer database.
Investments
MicroStrategy’s shares plunge in massive rout of crypto-related stocks
MicroStrategy's stock lost as much as 28% - its largest drop since 2017 - in premarket trading today.
Lending
BlockFi hires lobbyists to streamline talks with policymakers
BlockFi has teamed up with Arnold & Porter to create a five-person team that will oversee regulatory and tax policy for financial service providers in the crypto space.
People
Jay-Z, Jack Dorsey launch Bitcoin education classes for Marcy Houses residents
The Bitcoin Academy initiative seeks to educate and empower Marcy Houses residents to become financially independent.
Investments
PGIM COO urges crypto investors to adopt a pick and shovel play
Long-term investments in the blockchain, smart contracts, and the companies that use these technologies will eventually pay off, says Taimur Hyat.
Scams
Newspaper Twitter account hacked to promote Goblintown phishing scam
The hacker behind the goblintown.wtf scam is also responsible for the attack on the Azuki Beanz NFT project.
Partnerships
Mastercard, Mercado Libre to collaborate on bolstering crypto security in Brazil
Mercado Libre will use Mastercard's CipherTrace Technology to monitor, identify, and understand risks in the crypto space.
NFTs
Salesforce trials NFT service amid plunging trading volumes
Salesforce NFT cloud will launch officially in October, allowing consumer brands to create, manage, and sell NFTs.
Adoption
ADDX starts recognizing crypto while onboarding accredited investors
Recognizing crypto assets while assessing accredited investors will help more people gain exposure to private market investments.