Celsius reportedly seeks advice from lawyers on restructuring

Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm’s financial woes.  The firm is reportedly looking for other strategic alternatives, such as a financial restructuring, apart from its attempts to solve its current problems. The report also noted that Celsius is trying to find investors who would be able to provide financing options for the crypto lending company. Citing extreme market conditions, Celsius paused withdrawals from its platform on Monday. Amid the withdrawal freeze, the…

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Stop listening to celebrities for financial advice, says Binance Super Bowl campaign

From NFL players accepting their salaries in cryptocurrency and Tom Brady founding his own nonfungible token (NFT) marketplace to the NFL providing Super Bowl attendees with customized NFTs, the National Football League and the blockchain community seem to have embraced each other. As Super Bowl LVI approaches this Sunday, there is one thing fans can be sure to expect: crypto ads. One marketing campaign led by Binance, the largest global exchange by trading volume, warns fans about taking these anticipated crypto commercials to heart, and uses celebrities to make its point. …

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NBA Star Steph Curry asks Twitter for crypto advice

Following a lucrative $206,000 purchase of a popular Bored Ape Yacht Club non-fungible token, or NFT, last week, NBA all-star Steph Curry has today reached out to his 15.5 million Twitter fanbase for advice on progressing in the crypto game. The Golden State Warriors guard tweeted: “Just getting started in the crypto game…y’all got any advice??” According to the basketball athlete’s Open Sea profile, he currently owns 16 NFT in total, including the blue furred Bored ape showcased in his Twitter profile. Legendary NFL quarterback Tom Brady, currently sporting the…

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4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds

In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the founder of Tudor Investment advocated for a 5% Bitcoin (BTC) portfolio allocation. Mutual Fund companies ranked by assets under management, USD. Source: MutualFundDirectory.org When combined, the world’s 50 largest asset managers oversee $78.9 trillion in funds. A mere 1% investment in cryptocurrencies would amount to $789 billion, which more than Bitcoin’s entire…

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Court denies SEC access to Ripple’s legal advice

Ripple has scored another win in its ongoing legal battle against the United States Securities and Exchange Commission as the court has denied the SEC access to Ripple’s legal advice. Magistrate Judge Sarah Netburn of the District Court for the Southern District of New York ruled Sunday to deny the SEC’s motion to compel Ripple to produce memos discussing XRP sales with the firm’s lawyers. According to the SEC, Ripple could have been aware that XRP could be a security from its legal advisors before moving forward with its token sale back…

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Uniswap’s founder wants your advice on how to spend $500 million

Unsiwap creator Hayden Adams has taken to crypto-twitter to source feedback on how the DEX should allocate its $500 million governance treasury. With Uniswap’s native UNI token currently trading at $9.30 after rallying to break its previous all-time high of $7.10 last week, the vested share of Uniswap’s warchest is now valued at more than half a billion dollars. “What are some of the most impactful ways governance can allocate this UNI?” Adams asked the community. ~$500M worth of UNI has already vested to the Uniswap governance community treasury out…

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Coronavirus Worsens, But Surgeon General Shares Shocking WHO Advice: Don’t Wear Masks

U.S. Surgeon General Jerome Adams was criticized for recommending the public not use masks despite the coronavirus pandemic. Adams said that medical centers and staff could face a shortage of protective equipment, including masks. Data from Japan and South Korea suggest masks are critical in containing the virus. The World Health Organization (WHO) has been heavily criticized for recommending people to refrain from using masks unless they have fallen ill. U.S. Surgeon General Jerome Adams echoed the message, despite the fact that the coronavirus pandemic is worsening by the day.…

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US Treasury Offers Advice to Government Agencies Interested in Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. The US Department of the Treasury published a blog post offering advice to other government agencies that are interested in adopting blockchain or distributed ledger technology (DLT) in their internal systems. The post, which was drafted by the Treasury’s Bureau of the Fiscal Service (BFS), includes several lessons that officials gleaned while experimenting with a proof of concept blockchain system. Reflecting on the trial, the BFS advised agencies to cut through the hype surrounding blockchain technology…

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