Liquidators seek $1.3 billion from TerraForm Labs. The amount aims to compensate the hedge fund from 2022 losses after TerraUSD and Luna Collapse. Liquidators for the defunct crypto hedge fund Three Arrows Capital are seeking $1.3 billion against TerraForm Labs. The claim results from the massive losses Three Arrows suffered...

Post-LUNA chaos: Three Arrows seeks $1.3B from TerraForm Labs

According to a Canadian self-regulatory organization executive, securities regulators’ tightened requirements on stablecoins are “grounded in core investor protection.”. Speaking on a panel at the Blockchain Futurist Conference in Toronto on Aug. 13, Suzanne Lasrado, vice president of member services and innovation at the Canadian Investment Regulatory Organization (CIRO), suggested the requirements on digital assets released by the Canadian Securities Administrators (CSA) in 2023 may have been necessary for investor protection in Canadian markets. The rules, affecting many exchanges offering services to Canadians, led to the exodus of firms, including Binance, but prompted others like Gemini to adhere to the updated guidelines.

Canadian regulators are looking to investor protection with stablecoin rules — CIRO

New York State

New York Post

A New York state pension fund is facing nearly $30 million in losses after amassing a stake in CrowdStrike — just before the IT firm caused a global network meltdown that sent the company’s stock into a tailspin. 

The New York State Teachers’ Retirement System (NYSTRS) bought 197,462 shares in the Austin-based cybersecurity company in the second quarter of this year, according to its latest investor relations report.

That stake was worth more than $75 million on June 30, the filing shows, but a 38% collapse in  CrowdStrike shares since the July 19 debacle puts the current value at just...

NY pension fund bought $75M CrowdStrike stake just before global IT meltdown — faces loss of nearly $30M

The brains behind the controversial TerraUSD and LUNA coins, TerraForm Labs, are now said to be the target of an eye-popping $1.3 billion lawsuit filed by Three Arrows Capital (3AC) in efforts to recoup damages from the catastrophic breakdown of the digital assets in May of 2022. Once a cryptocurrency...

Three Arrows Demands $1.3 Billion From Bankrupt Terraform Labs

CoinDesk

Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.

Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg

The resolution of Ripple’s SEC lawsuit could drive XRP’s price higher. The expansion of Ripple’s blockchain and lower interest rates could bring back more investors. But investors shouldn’t ignore its competitive and macro challenges. XRP's price could soar once it resolves its biggest near-term challenges. XRP...

The Ultimate Cryptocurrency to Buy With $1,000

The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets and diversified crypto indexes, according to an executive at asset manager Grayscale Investments. “We’re going to see a number of more single asset products, and then also certainly some index-based and diversified products,” Dave...

Crypto ETFs will expand to new asset types, indexes — Grayscale executive

Spot ether ETFs in the U.S. saw 4.9 million in net inflows, while spot bitcoin ETFs reported inflows of $27.8 million. Grayscale’s ETHE recorded zero flows on Monday after 14 consecutive days of net outflows since its conversion into a spot ether ETF. U.S. spot. Ethereum. exchange-traded funds saw...

Spot Ethereum ETFs see $4.9 million in inflows, Grayscale’s ETHE ends 14-day outflow streak

PYMNTS

Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most populous nation after pausing that side of its business in the country, company officials told Bloomberg News Monday (Aug. 12).

Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market

Los Angeles, CA

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Herbie J Pilato

Former child star Dana Hill died at only 32 years old on July 15, 1996. Like many former child stars, Hill had talent, and a promising life and career that ended all too soon. She was born Dana Lynne Goetz on May 6, 1964, in Los Angeles, California, and she passed with a Hollywood name in Burbank, California.

The Tragic Death of Child Star Dana Hill ('National Lampoon's European Vacation'): 3 Decades Later

A mysterious Solana whale has now offloaded more than $86 million worth of SOL tokens since January and has recently deposited nearly $2.8 million on cryptocurrency exchanges, in what appears to be a continuation of its sell-off. According to data shared by on-chain analytics firm Lookonchain, the mysterious Solana whale...

Mysterious Solana Whale Dumped $86M in SOL Year-to-Date in Aggressive Sell-Off

Ripple described the limited launch of its much-hyped stablecoin product as a "significant milestone" San Francisco-based enterprise crypto company Ripple has launched its much-hyped stablecoin in private beta, according to a Friday announcement. The Ripple USD (RLUSD) stablecoin will be available for beta testing on both XRPL and Ethereum. During...

Ripple Starts Testing New Stablecoin

On August 9, 2024, Celsius Network Limited, through the Blockchain Recovery Investment Consortium, LLC, initiated a $2.4 billion lawsuit against Tether Limited and its affiliates in the United States Bankruptcy Court for the Southern District of New York, according to tether.io. Details of the Lawsuit. The lawsuit stems from a...

Tether to Defend Against Celsius' $2.4 Billion Lawsuit

A crypto wallet that recently received more than $2 billion in Bitcoin from the rehabilitation trustee of the now-defunct exchange Mt. Gox, started test transactions on Tuesday ahead of potential creditor distributions. The wallet is believed to belong to BitGo and could suggest that the Mt. Gox saga is nearing...

BitGo Crypto Wallet Moves $2 Billion Worth Of Mt. Gox Bitcoin — BTC Price Soars

Washington, DC

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Alamogordo Conservative Daily

Command Sergeant Major Veronica E. Knapp was the command sergeant major of the Joint Task Force-National Capital Region and U.S. Army Military District of Washington (JTF-NCR/MDW) per her official biography. However effective Tuesday she was released from command.

Command Sergeant Major Veronica E. Knapp Released from Command in D.C.

The Bank of Japan (BoJ) won’t hike its benchmark interest rate again this year following the economic turmoil caused by the last sudden hike, according to a former board member of Japan’s central bank. “They won’t be able to hike again, at least for the rest of the...

BoJ ex-board member says another rate hike unlikely this year

Kentucky State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Telecom Italia inked a deal to offload its residual interest in tower business Inwit for €250 million to an entity led by investment company Ardian. The transaction involves the operator selling its 10 per cent of holding company Daphne 3, which in turn owns an almost 30 per cent stake in Inwit. The buyer is Impulse I, a consortium controlled by private equity company Ardian which already owns the other 90 per cent of Daphne 3.

Telecom Italia to raise €250M from Inwit stake sale

NewsBreak

3AC liquidators file $1.3B claim against Terraform Labs

Liquidators of the collapsed cryptocurrency hedge fund Three Arrows Capital (3AC) are seeking damages from the bankrupt crypto firm Terraform Labs for the losses it suffered...

3AC liquidators file $1.3B claim against Terraform Labs

Comments / 0