The lasting agony of 3AC: Law Decoded, July 18-25
A crypto hedge fund co-founders acknowledge their mistakes, driven by bull market overconfidence. The late spring and summer months of 2022 would be remembered not only for their extreme temperatures across the globe but also for a crushing streak of large crypto companies falling apart. Terra Lab in May, Celsius in June and now, the lasting agony of a Singapore-based crypto hedge fund Three Arrows Capital (3AC). Technically, 3AC was ordered for liquidation by a court in the British Virgin Islands on June 27, but it was last week, which has seen some further developments around the firm.....
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The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto. Editor’s noteLadies and gentlemen, it is bittersweet to welcome you to the final installment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter back up at some point, there are no plans to do so now.Taking advantage of the rose-tinted glasses or maybe the graduation goggles that are in effect for this final newsletter, I will be shaking up the format. As last week’s Law Decoded focused on a few long-standing stories in crypto, this week, I....
Leaving a lasting legacy is one of the most important things we can do in life. It’s not only a way to ensure that we’re remembered after we die, but it also gives our loved ones a sense of closure and allows them to move on with their lives. Unfortunately, it’s hard to leave a trace of ourselves after we die. Our memories and legacies usually disappear with us or are left in the hands of family and friends who may not be able to handle them. But what if there was a way to leave behind a piece of ourselves that would be there forever? A way to ensure that our memories....
The end of the U.S. federal government's fiscal year brought a cascade of major announcements from agencies. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor's noteIn a tweet late last night, President Trump said that he and Melania had tested positive for COVID-19. If you weren’t already aware of that, you may want to catch up on a deluge of wishes for life and death, alongside speculation as to Trump’s announcement being a hoax, before sitting down to this week’s Law Decoded. Or possibly not.Every week leading....
With the election taking all the air out of the room, we look at what new appointments at the DoJ could mean. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor's noteAre you over the election? I’m over the election. But you can bet that as soon as I finish writing this week’s Law Decoded, I will compulsively check up on what’s happening in Georgia and Pennsylvania. And it seems that I’m not alone.Despite the election highjacking the entire news cycle, crypto has not been completely left in the corner. Likely most....
Bitcoin has been through a lot of hardships since its inception and investors and traders are feeling the agony of the crypto market meltdown this year. BTC is now trading at $19,322 at the time of writing. Coingecko reports a 0.3% decrease in value for the token. This month, crypto expert @woonomic tweeted that Bitcoin […]