Gemini co-founder Tyler Winklevoss calls SEC’s actions as totally counterproductive and optimizing for political points.
FTX Attorney Andy Dietderich said that FTX is looking to sell $4.6 billion worth of non-strategic investments including its four major subsidiaries.
Winklevoss accused Genesis of lending recklessly to now-bankrupt crypto hedge fund Three Arrows Capital and digging a hole for DCG.
Lawyers representing the debtors of FTX are currently focusing on prioritized selling four businesses of FTX including Embed, LedgerX, FTX Japan and FTX Europe.
Developers have agreed to resume withdrawals for ETH validators by March 2023 which will lead to huge supply for ETH in the market.
Governor of France’s central bank stated that DASPs should have proper licensing and that France not wait for MiCA for crypto regulations.
Magic Eden said that they have rectified the problem and that they would be refunding all the affected people.
The drop in ETH shares comes amid doubts on the working of Digital Currency Group and also due to the fall in the ETH price.
Italy has passed a legislation to impose 26% tax on crypto gains over 2000 euros.
If the global economy slips into a recession, we can expect a similar impact on the crypto space as well. More pain is likely ahead.