• The Monetary Authority of Singapore’s Chairman Tharman Shanmugaratnam questioned if regulating the crypto industry would give credibility to speculation. • Shanmugaratnam argued that lawmakers could steer clear from the crypto sphere and make it clear that the whole space is unregulated. • He also acknowledged that this is only possible if crypto companies don’t…
• Glassnode data suggests that investors are continuing to hold Bitcoin and Ethereum compared to stablecoins in spite of the current risk-off environment. • The data indicates that BTC and ETH purchasing power is on the up, as billions of stablecoins have been redeemed for fiat in recent months. • This could be due to…
Bullet Points: -Circle published a recap of 2022 and said it had kept its promise of dollar parity for USDC -The company has redeemed $213 billion since its launch in 2018, and 80% of the asset reserves are 3-month U.S. Treasuries -The future of „digital dollars“ looks bright with the growing consensus in favor of…
Bulletpoints: • Failed crypto exchange FTX revealed the names of various shareholders and investors in a recent bankruptcy court filing. • VC firms Sequoia, Paradigm, and Temasek led the four rounds of fundraising between July 2021 and January 2022. • Sequoia Capital invested the most in series B and series A, obtaining 4.8 million preferred…
• Gemini officially discontinued its interest-bearing product, Earn • The exchange has terminated its loan agreement with Genesis Global Capital • Gemini is seeking a resolution for customers wanting to recover their assets Gemini, one of the world’s leading digital asset exchanges, has officially discontinued its Earn product, which allowed users to earn interest on…