Digital currencies in all countries

And yet another TradeCrypto.Com digest is on the way straight to you! Let's see what has been going on :) >>

Your Favorite Crypto Digest From

And yet another TradeCrypto.Com digest is on the way straight to you! Let's see what has been going on :) >>

Market is green. BTC is now trading above $19,400, ETH is trading around $1,050.

💪 Bitcoin dominance: 43,74%

📉 Total Cryptocurrency Market Cap: $0,847 tr

😲 Fear and greed index: 15(Extreme Fear)

🚀 Gainers(Top-100)

Convex Finance (CVX)+0.89%

Curve DAO Token (CRV)+0.77%

Litecoin (LTC)+0.66%

😭 Losers(Top-100)

Internet Computer (ICP)-1.53%

Quant (QNT)-1.11%

TerraClassicUSD (USTC)-0.75%

Three Arrows Capital Liquidators Cleared by Judge to Issue Subpoenas

A New York💰 bankruptcy judge on Tuesday gave liquidators full control🎮 of Three Arrows Capital’s U.S. assets💰 and authorized them to issue subpoenas📬 to co-founders Su Zhu, Kyle Davies, and other parties👥 with information about the Singapore-based🇸🇬 crypto hedge fund.

The liquidators in 3AC’s Chapter 15 proceeding🔂, used to manage bankruptcy❌ cases when creditors and debtors are not all in the same country, will be represented🔉 by attorney Adam Goldberg, of Latham and Watkins. The judge’s🧑‍⚖️ order allows Goldberg to block🔐 the “transferring, encumbering, or otherwise disposing of” 3AC’s U.S.-based assets during the bankruptcy proceedings.

Celsius Recovers Over $400M in Staked Ethereum Collateral From Aave Loan

The move🤝 brings the embattled lending platform’s total debt💰 across DeFi protocols down📉 to just $59 million💰. The struggling crypto lending platform💱 Celsius has nearly cleared all of its outstanding DeFi debt💰 after recovering 400,000 collateralized Staked Ethereum (stETH)🪙 from its loan📑 on Aave.

The withdrawal💸 amounts to $415 million in crypto🪙 that’s been saved🔐 from the risk of liquidation—almost a tenth of the asset’s $4.4 billion💰 market cap. As revealed through Nansen Portfolio tracker💬, the firm repaid🔂 $81.6 million in Circle’s USDC stablecoin🪙 to Aave on Tuesday. This reduced its outstanding debt💰 to the protocol from $90 million to just $8.5 million📉.

Bank of Russia opposes private stablecoins in the country

Russia's🇷🇺 central bank🏦 sees the digital ruble as the only technological⛓ payment option to support. In a fresh episode of the longstanding battle🥊 between the Central Bank of Russia🏦 (CBR) and the country's Ministry of Finance🏦, representatives of the former have criticized❌ the latter’s idea of supporting the stablecoins,🪙 which some private investors👥 have sought to launch🔉 in the country.

According to local media📲, an unnamed representative💬 of the central bank dismissed❌ talk of Russia-based stablecoins🪙, started last week by the Ministry of Finance’s director🪆 of financial policy department Ivan Chebeskov.

French central bank head announces Phase 2 of wholesale digital euro project

The French🇫🇷 presidency of the European Union🇪🇺 winds down with the completion📑 of wCBDC experiments, the design of a proprietary blockchain⛓ and an automated market📲 maker platform. The first phase of experiments🗂 with a wholesale digital euro💶 has been completed, and Phase 2 experiments will begin🔜 this year, Banque de France governor François Villeroy de Galha💬u said Tuesday. Four or five new experiments🔬 are expected to be launched🔉.

Speaking at the Paris🇫🇷 Europlace International Finance Forum, the French central banker👥 summed up the European Union’s🇪🇺 achievements in crypto-asset regulation🔐 under the Frenc🇫🇷h presidency, mentioning the Transfer Fund Regulation🤝 (Travel Rule) and Markets in Crypto-Assets🧑‍⚖️ (MiCA), specifically.

Multicoin Capital raises $430M for new crypto startup fund

Even with Bitcoin, Ether and altcoins in a bear🐻 market, venture funding💰 for the blockchain⛓ industry continues to grow📈. Prominent crypto investor💸 Multicoin Capital has launched🔉 a new venture fund💰 valued at $430 million, further demonstrating venture🔐 capital’s growing interest in the blockchain⛓ economy amid the bear market.

Multicoin’s Venture Fund III will invest between $500,000 and $25 million in early-stage🔜 companies across various crypto- and blockchain-focused industries💱, the company announced🔉. It’s also willing to invest💸 values of up to $100 million or greater for later-stage projects with an established brand and market presence👥.

Sri Lanka central bank reiterates crypto warning following protestors seizing president's residence

Thousands of Sri Lankans🇱🇰 took to the streets of Colombo in protest❌ of the government’s response to the economic📉 situation in the country. Amid economic and political turmoil🤭, the Central Bank🏦 of Sri Lanka🇱🇰, or CBSL, has warned💬 the public against crypto purchases due to the lack of regulatory oversight📲.

In a Tuesday notice, the CBSL💬 said it has not authorized or licensed📑 any company in Sri Lanka🇱🇰 to offer crypto-related services, including exchanges💱, initial coin🪙 offerings and mining⛏. The central bank🏦 said the warning was in response to 💬“recent developments in relation to virtual currency usage,” likely referring to the market downturn📉 and significant volatility in the prices💸 of cryptocurrencies like Bitcoin (BTC).

‘Nobody is holding them back’ — North Korean cyber-attack threat rises

“Even though the tradecraft is not perfect right now… it’s still a fresh market for North Korea🇰🇵,” 💬says former CIA analyst Soo Kim. North Korea-backed🇰🇵 cyberattacks on cryptocurrency⛓ and tech firms will only become more sophisticated over time as the country battles🤝 prolonged economic sanctions and resource shortages🔐.

Former CIA analyst Soo Kim told💬 CNN on Sunday that the process of generating 📂 overseas crypto income💰 for the regime has now become a “way of life📈” for the North Koreans🇰🇵: “In light💡 of the challenges that the regime is facing🤔 — food shortages, fewer countries willing to engage with North Korea🇰🇵 this is just going to be something that they will continue to use 📲 because nobody❌ is holding them back, essentially.”

Conclusion: Many countries are following China's lead in launching digital assets. There is no denying that these technologies have shown an ease, transparency and speed that no one thought possible.

See you on the morrow, people! ;) Brought to you by Maksym, Srđan, and Yuliia :)

Let us know how you would rate today's digest:😍 Loved it🤨 Could have been better🤮 Better luck next time