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The Crypto Briefing

eToro’s $10 Billion SPAC Merger Has Been Canceled

Trading platform eToro has canceled its SPAC agreement with FinTech V, according to a press release from both companies. SPAC Merger Was Mutually Canceled EToro’s proposed merger was first announced...

BitMEX to Restrict Services to Russians in EU

BitMEX will stop offering its services to Russian citizens or residents operating from the EU, the exchange notified some of its users yesterday. The move is an effort by the...

Months After Shilling $3,000 ETH, Cramer Says Crypto Has “No Real Value”

Cramer memorably said in April that he was a believer in Ethereum and suggested that investors could easily bank 40% returns on the asset. It was trading at around $3,000...

How Should DeFi Be Taxed? The U.K. Government Wants to Know

Her Majestys Revenue and Customs is seeking views from investors, professionals, and firms engaged in the DeFi space. U.K. Mulls New Tax Rules for DeFi The U.K. government wants help...

Crypto’s Struggle May Not Be Over, BOE Warns

The Bank of England has also underscored the need for enhanced regulatory and law enforcement frameworks. BOE Warns Crypto Could Slide Further The Bank of England has warned that the...

3AC Is Broke. What’s Next for Its Multi-Million Dollar NFT Collection?

Crypto Briefing explores whether Starry Night Capital will be forced to liquidate its prestigious NFT collection and the impact that such an event could have on the NFT space. 3AC...

Nexo Taking Steps to Acquire Distressed Crypto Lender Vauld

Vauld is one of several crypto lending firms facing insolvency issues due to the crypto market downturn. Nexo Looks to Acquire Vauld Nexo is making plans to acquire Vauld. In...

Did Celsius Just Repay $120M to Maker?

Celsius appears to have repaid $120 million of its debt to Maker, the DeFi protocol behind the Dai stablecoin, although Celsius is not entirely confirmed to be the payor. Maker...

CoinLoan Decreases Its Withdrawal Limit by 99%

CoinLoan just set a new daily withdrawal limit of $5,000 for its customers, a 99% decrease from its previous limit. The company claimed it was unaffected by the recent market...

The Freedom of Money: A Fundamental Right

For our readers in the States, I hope youve enjoyed Independence Day with friends and family. Maybe some of you took time to reflect on the purported ideals of this...