Crypto Market Highlights News Of The Day
US Federal Judge Approves Celsius’s Procurement Process Plan
A US federal judge has approved Celsius’s plan for a bidding process that lays out the steps to sell the platform’s assets and set a timetable that would allow it to sell assets later this year. For more specific information, you can read the article below:
US Federal Judge Approves Celsius’s Procurement Process Plan
Solend Founder Criticizes Alameda Research For Illegal Profits Of $80 Million From Solend IDO
Solend Founder, Rooter, revealed in a tweet that Alameda Research, an SBF-affiliated asset management firm, unexpectedly withdrew $80 million at the last minute prior to its IDO. Solend ends in order to maximize its benefits in a way that hurts Solend. For more specific information, you can read the article below:
Solend Founder Criticizes Alameda Research For Illegal Profits Of $80 Million From Solend IDO
NEAR’S USN Stablecoin Will Stop Working Due to Insufficient Collateral
The NEAR Foundation has issued a notice stating that the NEAR stablecoin USN issued by Decentral Bank (DCB) is not fully collateralized under extreme market conditions and the NEAR Foundation recommends that DCB cease operations of this stablecoin permanently. For more specific information, you can read the article below:
NEAR’S USN Stablecoin Will Stop Working Due to Insufficient Collateral
Owner Of Bithumb Korea Asked For 8 Years In Jail For Fraud Worth About $70 Million
South Korean prosecutors are asking the court to sentence Lee Jung-hoon, owner of South Korean cryptocurrency exchange Bithumb, to eight years in prison for fraud worth about $70 million. For more specific information, you can read the article below:
Owner Of Bithumb Korea Asked For 8 Years In Jail For Fraud Worth About $70 Million
L’Oréal And Meta Collaborate On Web3 Startup Accelerator
L’Oréal, a cosmetics company, and the French business school HEC Paris have partnered with IT giant Meta to support a new startup acceleration program for creativity in the metaverse. For more specific information, you can read the article below:
L’Oréal And Meta Collaborate On Web3 Startup Accelerator
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