Reading Time: < 1 minuteCaisse de dépôt et Placement du Québec (CDPQ) has posted a write-off of CAD 200 million or about $150 million of investments in crypto lending platform Celsius Network.

Reading Time: < 1 minuteSymbiosis Finance, a multi-chain liquidity protocol, has joined forces with Avalanche-based lending protocol Benqi Finance.

Reading Time: < 1 minuteSam Bankman-Fried has praised the bill submitted to the US Congress to empower the Commodity Futures Trading Commission (CFTC) to regulate the cryptocurrency market.

Reading Time: < 1 minuteThe High Court of Singapore has granted crypto lending platform Vauld a moratorium on proceedings until November 7.

Reading Time: < 1 minuteChangpeng Zhao has come to the conclusion that some countries want to create a separate order book (liquidity) to effectively protect consumers.

Reading Time: < 1 minuteCrypto derivatives platform CoinFLEX has recently announced it is laying off a “significant number” of employees from various departments around the world.

Reading Time: < 1 minuteThe European Banking Authority (EBA) is experiencing a shortage of employees who are needed in the work of oversight of the cryptocurrency industry.

Reading Time: < 1 minuteThe net profit of the digital asset-friendly bank Silvergate Capital in Q2 2022 amounted to $38.6 million.

Reading Time: < 1 minuteCrypto lending platform Celsius Network is “extremely insolvent” as it lacks liquidity to meet its obligations.

Reading Time: < 1 minuteCrypto investment firm Multicoin Capital has recently announced it has created the a $430M venture fund.

Reading Time: < 1 minuteThe SIX Digital Exchange (SDX) platform has recently announced it has entered into a strategic partnership with crypto custodian Fireblocks.

Reading Time: < 1 minuteMike Novogratz, CEO of crypto bank Galaxy Digital, has said the recession in the cryptocurrency market will last for about 18 more months.

Reading Time: < 1 minuteCryptocurrency payment provider Banxa will lay off about 30% of employees to cut operating costs in a bear market.

Reading Time: < 1 minuteEU-based cryptocurrency broker Bitpanda has announced it is laying off 730 employees to exit the bear market “financially healthy.”

Reading Time: < 1 minuteChristine Lagarde has announced the need to regulate the crypto lending sector.

Reading Time: < 1 minuteKevin O’Leary has said it is possible to determine whether the cryptocurrency market has reached the bottom only if there is a serious negative event.