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Latest from Nelson Wang
Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius
The assets will be sent to a designated Celsius wallet, and will await court orders about how they should be distributed.
Crypto Predictions Site Polymarket Taking Bets on Whether Russia Will Use a Nuclear Weapon by 2023
Traders on Polymarket, which is not available to U.S. users, are putting a 6% probability of Russia doing so.
Tesla Made No Changes to Its Bitcoin Holdings in Third Quarter
The electric car company did not buy or sell any bitcoin in the quarter, after selling 75% of its holdings in the second quarter.
South Africa Classifies Crypto Assets as Financial Products
The move brings digital assets more under the purview of the country’s regulators.
Bankrupt Crypto Lender Voyager Plans to Settle CEO, CFO Negligence Claims Related to Three Arrows Loans
An internal probe found that risky loans made to 3AC were based on minimal financial disclosures from the hedge fund.
SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital: Report
The federal agencies are looking into whether Three Arrows misled investors about its balance sheet and whether the hedge fund should have registered with them.
Three Arrows Liquidators Seek to Subpoena Co-Founders Zhu and Davies by Alternate Means
With the co-founders’ locations unknown, the liquidators are applying to serve them subpoenas via their email addresses, Twitter accounts and their attorneys’ email addresses.
SEC Chairman Says CFTC Should Get More Power to Oversee Stablecoins: Report
Gary Gensler pointed out that the CFTC doesn't have direct authority to write rules for the firms that issue stablecoins.
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills.
Crypto Custodian Copper Raises $196M in Series C Funding Round
The company also reported a loss of $16 million last year, up from $4.1 million in 2020.
