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Business · New YorkCelsius founder Alex Mashinsky withdrew $10 million worth of cryptocurrency weeks before freezing customers' assets as the lender headed for bankruptcy. Mashinsky's withdrawals came in May, when the crypto market was crashing after TerraUSD lost its $1 peg and collapsed. The company filed for bankruptcy less than a month later in July, citing a $1.2 billion gap in its balance sheet.See the Story
Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
67% Center coverage: 6 sources
MetaverseInvesco has launched a metaverse fund that may spend money on a myriad of startups targeted on metaverse expertise. The fund will be managed by Invesco's fund supervisor Tony Roberts and the deputy fund supervisor James McDermottroe. As of July 31, InvesCo disclosed it had $1.44 trillion in property beneath administration (AUM)See the Story
Investment Management Giant Invesco Launches Metaverse Fund – Metaverse Bitcoin News
Cathie Wood's ARK Invest to offer crypto strategies to investment advisors
100% Center coverage: 1 sources
Latest News Stories
NFTThe Contentos Vietnamese community with more than 1,000 local blockchain enthusiasts and content creators recently announced the launch and distribution of a community-led NFT PFP collection. GoldStar MetaClub is an NFT collection that captures the value of the Vietnamese community and received official support from the Contentos Foundation.See the Story
Contentos (COS) Blockchain’s Vietnamese Community Launches NFT Collection
India · IndiaThe top Indian financial crime investigating agency has frozen 85.9 bitcoins, equivalent to $1.6 million, held in an account on Binance. Separately, it also froze WRX, the native coin of WazirX, and USDT together, worth nearly $550,000. The accused in this estimated $8.5 million scam is 25-year-old Aamir Khan. The investigating agency further added that the accused deleted all data and profile information from the App's servers.See the Story
India's ED Freezes $1.6 Million in BTC of Accused in Gaming App Fraud India's ED Freezes $1.46 million in BTC of 25-Year-Old Gaming App Fraud Accused
Bitcoin Defi Protocol Sovryn Gets Hacked for Over $1 Million
InflationThe demand for block space fell, resulting in a decline in Bitcoin's transaction count and fees by roughly 3% and 23%, respectively. The average daily value settled also plunged 44% QoQ. Bitcoin price action has been swayed similarly to that of a high-beta US tech equity instead of serving as a store of value.See the Story
Latest Market Crash Proved to be Narrative Breaker and Reality Check For Bitcoin: Report
Horizon Blockchain Games Raises $40 Million From Ubisoft, Take-Two and Other Investors
Bitcoin Will Outperform Other Assets When Economic Tide Turns: Bloomberg Intelligence
TwitterThe saga between Elon Musk and Twitter started in April this year when he purchased over 70,000,000 TWTR shares (9.2% of the company) Shortly after, he vowed to buy the firm for $44 billion and transform it into a private entity. Musk changed his stance and put the deal on hold due to certain issues the platform needed to solve.See the Story
