09th Jan ๐ฎ๐ป๐ US Authorities ๐ Crypto industry 1) Digital Currency Group under investigation by US authorities 2) U.S. subpoenas hedge funds in probe of crypto exchange Binance
๐จ Bloomberg article states that US authorities are digging into the internal financial dealings of Barry Silbertโs expansive crypto empire, according to people familiar with the matter & Security Exchange Commission is said to be reviewing money flows between companies. Article here https://lnkd.in/d4h4CdeP CoinDesk had reported that the Crypto Conglomerate DCG Closes Wealth-Management Business The division reportedly had more than $3.5 billion in assets. https://lnkd.in/dTkk62SD
๐๏ธ The Wall Street Journal has reported that Genesis Global reduced its start by 30% in the latest axing round, accounting for 145 employees as the Firm suffered steep losses from loans it supplied to Alameda Research, Three Arrows Capital Pte Ltd Article here https://lnkd.in/ds_PcWBk
โ What impact will this have on the price of Bitcoin & Cryptocurrencies?
โ Grayscale Investments has over 64k Bitcoins, will it be forced to liquidate?
๐ #LIDO, #ZIL #SOL #ADA to the moon Check out Blockchain DXBโs Crypto & Coffee at 8 podcasts and we share our opinion & give our reasoning for the pump & despite the price increase why has Bitcoins market cap not changed since the last 7 days. The Zilliqa Ecosystem market cap today is $558 Million, a 40.4% change in the last 24 hours Podcast Link here NEWSBTC article states Cardano Whales Begin Accumulating In New Year. The report shows that in the first five days of 2023, these large investors have already added more than 217 million ADA to their stash. This brought the percentage of supply that they now hold back up to the 57.22% level https://lnkd.in/dZtd2zpM More technical details here https://tinyurl.com/3zpkyd
๐ฒ Hedge Funds The U.S. attorneyโs office for the Western District of Washington in Seattle directed investment firms to hand over records of their communications with Binance The Washington Post article states that Prosecutors are discussing a possible settlement with Binance, and they weigh whether they have enough evidence to bring indictments against the company. Article here https://lnkd.in/dpmanTxw
๐ Could it just create FUD or payback for the downfall of extreme left-leaning Sam Bankman-Friedโs FTX exchange?
Coffeezilla ๐ Logan Paul Cointelegraph has just reported that Logan Paul backflips on a defamation lawsuit against Coffeezilla, and apologizes Logan Paul has deleted his response video aimed at Coffeezilla and apologized in a surprising U-turn. More info via his Twitter account here https://lnkd.in/dtFX22Jv Check our podcast we explore this in detail Would be interesting to see his 3rd video. Coffeezilla also has a brilliant breakdown on the legend Sam Bank-man Friend
Two UAE News (See Slides)
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โก The Race Space Podcast ๐๏ธ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation โกLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d โก Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 โก Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon Episode