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How BlockFi Went From Tech Unicorn to Crypto Burnout
Just 12 months ago, BlockFi was going places. Fast. The crypto lender went down as one of the most rapidly growing startups in the industry amid a roaring bull market and a slew of outrageous valuations in 2021, raising hundreds of millions of dollars from blue-chip financiers including Bain Capital, Tiger Capital and Peter Thiel’s Valar Ventures. It seemed, for some time, nothing could slow CEO Zac Prince’s meteoric rise. And few could have predicted what was to come: a sudden $250 million dollar bailout in June, orchestrated at the eleventh hour by Sam Bankman-Fried of FTX. The essence of what went wrong, and ... (full story)
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From @blockchaintpsht|Sep 22, 2022tweet at 4:26pm: [email protected] says crypto legislation can be future-proofed by Congress setting high level rules and agencies setting technical rules. Emphasizes collaborative nature of regulation with industry. #Mainnet2022 https://t.co/xRcLkS2Vie tweet at 4:31pm: [email protected] on division of crypto regulation “labor” between @SECGov and @CFTC: this is nothing new from previous jurisdiction questions. Not a zero sum game between agencies. Plus: “Government should serve the people” - referencing Federalist papers. https://t.co/PzxzjFLaC4
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From theblock.co|Sep 22, 2022A new anti-money laundering bill introduced in the UK today is intended to make it easier for law enforcement to seize digital assets, as part of a broader crackdown on money ...
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From pimco.com|Sep 22, 2022At the September meeting, Fed officials hiked the fed funds rate by 75 basis points (bps) and provided their most resolute messaging to date on their willingness to do whatever it ...
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From coindesk.com|Sep 22, 2022Congress’ attempt to make the Commodity Futures Trading Commission (CFTC) the primary U.S. cryptocurrency regulator took a procedural step forward on Thursday, with a House of ...
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From theblock.co|Sep 22, 2022The crypto industry is “sort of agnostic to mildly negative” on the idea of a central bank digital currency, according to the head of the Blockchain Association. Blockchain ...
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From bnnbloomberg.ca|Sep 22, 2022M.Y. Safra Bank must produce information to the US Internal Revenue Service about customers who may have failed to pay taxes on cryptocurrency transactions through prime dealer ...
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- Posted: Sep 22, 2022 5:04pm
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 63
