Hedge fund Fir Tree sued Grayscale and cuts in the cryptosphere. Main events of the week

Hedge fund Fir Tree sued Grayscale and cuts in the cryptosphere. Main events of the week

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Hedge fund Fir Tree sued Grayscale and cuts in the crypto sphere. Main events of the week

Court orders bankrupt Celsius Network to refund users $44 million, hedge fund Fir Tree sues Grayscale and other events of the past week

Monday
Crypto companies have laid off more than 10 thousand employees since the beginning of 2022

The largest reductions were made by the crypto exchanges Coinbase, Crypto.com and Kraken


Tuesday
Bitcoin mining difficulty collapses amid 'extreme industry stress'

Another recalculation saw the figure drop by 7.32%, Glassnode analysts called it a reflection of the extreme stress the cryptocurrency mining industry is under

Reuters has learned of Goldman Sachs' plans to buy up cheaper cryptocurrency companies

Wednesday
Kazakhstan's parliament approves new rules for mining

The bills passed by deputies introduce new taxes for cryptocurrency mining companies and allow the purchase of electricity from the general power grid only if there is a surplus

Hedge fund Fir Tree sued Grayscale

The plaintiff demands that the company disclose its bitcoin holdings, reduce fees and begin repurchasing shares


But regulator insists miners can only sell mined cryptocurrency abroad and only to non-residents

Thursday
Media report on investigation into former FTX chief's involvement in Terra collapse

Federal prosecutors are looking into the possibility that Sam Bankman-Fried manipulated TerraUSD and Luna prices to benefit his company

Court orders bankrupt Celsius Network to refund users $44 million

This was possible after the company's advisors and interested parties discovered that the funds deposited in custody accounts did not belong to Celsius

SushiSwap head warned of a threat to the viability of the exchange

Project's temporary reserve replenishment model should help with funding

Friday

Coinbase urged customers to transfer assets to its stablecoin from USDT

To simplify the transition to the cryptocurrency it co-founded, the cryptocurrency exchange waived the fee to convert Tether to USD Coin for retail customers 

Other news

Binance CEO Explains the Uniqueness of the Upcoming Bitcoin Halving
CryptoQuant reported record accumulation of bitcoins ahead of the halving.
We've sold everything. Expert names reasons for crypto market downturn
The losses of miners after the halving were estimated at $10 billion. Where does this figure come from?
Robert Kiyosaki cited reasons for not investing in Bitcoin via ETF.
Chapter Hut 8 CEO Discusses Banks' Interest in Buying Bitcoin from Miners
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