Goldman Sachs Aims to Raise $2B to Buy Celsius’ Crypto Assets at a Discount: Reports

Goldman Sachs will reportedly raise $2 billion to accumulate distressed assets from Celsius Network.

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets.

Three Arrows Capital Allegedly Owes Voyager Digital $655M — Crypto Firm Is ‘Unable to Assess’ if It Can Recover the Funds

According to reports, the TSX-listed Voyager Digital is another company that has been negatively affected by financial issues tied to the crypto hedge fund Three Arrows Capital (3AC).

Spanish Treasury Introduces New Crypto Tax Model Featuring Balance Reports

The Spanish treasury has introduced a new series of requirements regarding the reporting and taxation of cryptocurrency holdings in the country.

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend.

Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund

Two days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolvency.

Organizer of Binance-Sponsored Crypto Tour Says Campaign Was Successful, Denies Reports of Arrest

A crypto enthusiast and organizer of the Binance-sponsored Blockchain and Cryptocurrency Awareness Tour (BCAT) recently held in Nigeria, has rejected reports he was arrested by security agents reportedly spooked by large crowds that were following the campaign.

Investors Not Looking to Bail Out Struggling Celsius Network (Report)

Celsius' recent problems continue to spiral on with new reports claiming that former investors do not wish to pour any more funds.

Texas securities regulator investigates Celsius over withdrawal suspension: Report

Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market.

Accepting Bitcoin for your business just like Tesla: Report

Merchants that accept crypto rather than credit cards for payments can expect to save as much as 3.5% — or more.

Treasury Minister of El Salvador Dismisses Bitcoin Investment Losses, Calls Media Reports Biased

Alejandro Zelaya, the treasury minister of El Salvador, called out the critics of the investments that his country, through the action of President Nayib Bukele, has made in bitcoin.

Tether aims to decrease commercial paper backing of USDT to zero

Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it. The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its US dollar-based stablecoin Tether (USDT).Tether issued an official statement on Wednesday to deny reports alleging that Tether’s commercial paper portfolio is 85% backed by Chinese or Asian commercial papers and is being traded at a 30% discount.The stablecoin firm called such allegations “completely false,” reiterating that more than 47% of total USDT reserves are now the “United States Treasuries.” In its latest assurance opinion issued in May, Tether reported that commercial paper makes up less than 25% of USDT’s backing, amounting to around $21 billion as of March 31.USDT’s backing asset breakdown.

Genuine mistake or fraud? That's the question Terra's Do Kwon needs to answer

Do Kwon pleads his innocence on his twitter feed after latest reports condemn him for cashing out $2.7 billion.

Do Kwon dismisses allegation of cashing out $2.7B from Terra (LUNA), UST

The rumor surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity. Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing out $80 million every month for nearly three years. Numerous unconfirmed reports surfaced on June 11, claiming Kwon’s participation in draining liquidity out of LUNA and UST before the crash to purchase US dollar-pegged stablecoin such as Tether (USDT).Rumors about Kwon cashing out LUNA and UST reserves surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity.

Is Bitcoin an Inflation Hedge? BTC and Crypto Market Dip Amid Reports of Rising Cost of Living in the US

A new report by the US Bureau of Labor Statistics shows that inflation is once again on the rise, causing crypto markets and leading digital asset Bitcoin (BTC) to dip.

Will a new Japanese law allow seizure of your crypto?

According to reports, Japan's Justice Ministry is considering revising an asset seizure statute connected to organized crime.

White House Preparing New Study on How To Curb Crypto Energy Footprint: Report

A leading legal publication reports the White House is undertaking a study on crypto asset mining and the attendant environmental consequences.

The Sandbox Publisher Animoca Brands’ Reports $5B in Crypto, Cash Reserves

Animoca Brands has reported investing $1.5 billion in crypto and blockchain gaming across 340 companies, according to a new report.

Trade Finance Platform We.Trade on the Brink of Liquidation, Report says

We.trade, a trade finance platform, established as a joint venture among multinational firms, including 12 banks is on the brink of liquidation, local media reports.

STEPN: Amid reports of spam accounts and DDOS attacks, how are its tokens reacting

Recent unfortunate events that have trailed STEPN, a move-to-earn blockchain project appear to be proving skeptics right about the imminent failure of play-to-earn blockchain games. On 4 June, STEPThe post STEPN: Amid reports of spam accounts and DDOS attacks, how are its tokens reacting appeared first on AMBCrypto.

Venezuelan Sunacrip Tightens Control on Transactions Made Using Unauthorized Exchanges

Sunacrip, the Venezuelan cryptocurrency watchdog, has issued a new internal providence that defines the guidelines it will follow in dealing with reports of suspicious activity related to fintech platforms.

$30m e-CNY Airdropped in Shenzhen to Boost Consumer Spending

The use of China’s Central Bank Digital Currency (CBDC) is currently being boosted by the city of Shenzhen which according to reports has airdropped 30 million Digital Yuan (e-CNY) to its residents.