The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Tether’s $840M Celsius loan liquidation poses legal troubles
Celsius legal representatives are asking whether the bankrupt lender could be able to recover the value of the collateral sold by Tether.
US Senators propose bill to exempt crypto transactions under $50 from taxation
Senators Toomey and Sinema want to make cryptocurrency transactions more integral with the lives of everyday Americans by exempting qualifying payments from capital gains tax.
Philippines think tank Infrawatch wants Binance banned
Infrawatch PH said Binance product offerings in the country are securities, blames it for Terra’s collapse.
Lawmakers delay voting on US bill to regulate stablecoins till September
The draft bill, which is yet to be completed, requires lawmakers to reach an agreement on issues such as custodial wallet standards.
Crypto winter has not dulled VC investment appetite
Capital is available and being deployed for investment in crypto companies, but some VCs are holding for better deals expected around September time.
Bitcoin, Ethereum trade at weekly lows as market anticipates FOMC interest hike
Bitcoin’s price crashed to its lowest in the last seven days as the market anticipates the Feds interest rate hike.
Titanium Blockchain CEO pleads guilty in $21M fraudulent ICO case
The project’s CEO Michael Alan Stollery has pled guilty to one count of securities fraud for which he faces life imprisonment.
White House alters the definition of a recession to avoid one
Policymakers have changed the conventional meaning of a recession to prevent the economy from falling into one.
Binance launches legal action against Bloomberg over ‘defamatory statements’ against CZ
The media outlet is accused of publishing unsubstantiated claims and damaging the reputation of Binance and its founder.
Is learn-to-earn the next big revolution in the metaverse and how will it work?
UniGalax is a platform building a metaverse for learning that aims to pioneer "edutainment." Is this the future of education? Find out in this short interview with the CEO.
SEC is investigating Coinbase over ‘securities’ listing
The SEC has doubled its investigation of the crypto exchange since it increased the number of listed tokens on its platform.
The Layer-2 Wars could be the next big trend in crypto leading up to The Merge
DeFi analyst Dynamo DeFi presented the case for The Layer-2 Wars following last week's surge in L2 crypto prices
The downfall of Three Arrows Capital (3AC): What went wrong?
Three Arrows Capital (3AC) was founded in 2012 by Kyle Davies and Su Zhu, who attended Columbia University together and later worked as colleagues at banking giant Credit Suisse.
Attackers stole $6 million from Audius by exploiting a bug in the contract
Blockchain data of the attacker's wallet shows that the stolen funds were exchanged for 704.17 Ether, worth around $1.09 million, on Uniswap.
Regulatory compliant pricing oracles to allow new institutional investment opportunities
Crypto pricing data for institutional investors and enterprises that is GAAP & AIFMD compliant and licensable is now available via Kaiko