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emilymiller08177

@emilymiller08177

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irene91be
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Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim, which contained only a single sentence about investigating possible preference claims, were insufficient to preserve their preference claims.
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merfil89
@merfil89
Celsius claimed FTX officers made “unsubstantiated and disparaging statements” about the firm’s balance sheet and financial condition in its first claim and then claimed $444 million in transfers to FTX entities should be returned to the bankruptcy estate in its amended claim.
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abrahamla088
@abrahamla088
According to an August court filing, Celsius repaid about $2.53 billion to around 250,000 creditors, representing approximately 84% of the assets owed.
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r90280790
@r90280790
The global average internet penetration is approximately 67.5%, while digitalization has happened at lightspeed in the European Union, where 93.1% of households are connected to the internet. Far from slowing down, this trend seems to be picking up at pace and is now evolving toward its next milestone: Web3.
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jonesaria357
@jonesaria357
In the United States alone, $5.6 billion was stolen from investors through cryptocurrency scams in 2023. Power is becoming concentrated in the hands of a few creators, and the only way we can combat this is by giving strength back to the many.
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c97332458
@c97332458
Bad crypto typically has a messianic leader and a flock. Yet, this power dynamic is unsustainable and contradicts why crypto was created in the first place — to give people a voice in governance.
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miohnson09882
@miohnson09882
DAOs are already changing the face of decentralized finance. Uniswap DAO has been working toward expanding its $6 billion treasury — a treasury that uses its DAO to vote on what it should do with the capital. Although this technology currently has a novel use case, its application also has the power to change how we view money and who can access it.
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emilymiller08177
@emilymiller08177
The best option is to take measured steps to develop community-driven infrastructures and systems like community coins. It is time for the industry to give power back to the community.
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emilymiller08177
@emilymiller08177
Web3 has the potential to transform everyday life and is developing rapidly, but in its current form, it is at risk of abuse by a small number of malicious creators. We must proceed cautiously to protect Web3 and ensure it delivers on the promise of decentralized finance and decentralized governance.
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emilymiller08177
@emilymiller08177
Whether it be a small group of African entrepreneurs looking to build a liquidity pool or a group of residents in Ohio raising funds for a school, the power of digitally administered democracy is the global breakthrough that will redefine the current state of crypto and finance, and this momentum and support will only continue under US President-elect Donald Trump’s administration.
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emilymiller08177
@emilymiller08177
The best option is to take measured steps to develop community-driven infrastructures and systems like community coins. It is time for the industry to give power back to the community.
0 reply
10 recasts
20 reactions
emilymiller08177 pfp
emilymiller08177
@emilymiller08177
Web3 has the potential to transform everyday life and is developing rapidly, but in its current form, it is at risk of abuse by a small number of malicious creators. We must proceed cautiously to protect Web3 and ensure it delivers on the promise of decentralized finance and decentralized governance.
0 reply
2 recasts
13 reactions
emilymiller08177 pfp
emilymiller08177
@emilymiller08177
Whether it be a small group of African entrepreneurs looking to build a liquidity pool or a group of residents in Ohio raising funds for a school, the power of digitally administered democracy is the global breakthrough that will redefine the current state of crypto and finance, and this momentum and support will only continue under US President-elect Donald Trump’s administration.
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3 recasts
7 reactions
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emilymiller08177
@emilymiller08177
In September, ASIC Commissioner Alan Kirkland said the regulator was preparing new guidance requiring crypto exchanges to obtain financial services licensing.
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emilymiller08177
@emilymiller08177
The case reflects ASIC’s growing focus on the crypto industry. Recently, the regulator fined Kraken’s Australian operator $12.8 million for regulatory breaches. ASIC is also preparing new guidelines to require crypto exchanges to obtain financial services licenses under the Corporations Act.
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emilymiller08177
@emilymiller08177
In April 2023, following a review of the crypto exchange’s operations, ASIC canceled Binance’s Australian financial services license “in response to a request to cancel from the entity.”
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emilymiller08177
@emilymiller08177
The lawsuit outlines several regulatory violations, including Binance’s failure to issue a PDS or TMD, inadequate dispute resolution mechanisms and a lack of employee training to ensure compliance with its financial services license. ASIC also accused Binance of failing to deliver services “efficiently, honestly, and fairly.”
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emilymiller08177
@emilymiller08177
ASIC Deputy Chair Sarah Court criticized Binance’s compliance systems, describing them as “woefully inadequate,” and said that many clients had suffered significant financial losses due to improper protections.
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emilymiller08177
@emilymiller08177
In the filing, ASIC states retail clients are entitled to stronger consumer protections, including access to a Product Disclosure Statement (PDS), a Target Market Determination (TMD) and internal dispute resolution processes.
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emilymiller08177
@emilymiller08177
In a Dec. 18 news release, the regulator claimed Binance misclassified over 500 retail clients as wholesale investors between July 2022 and April 2023, stripping them of legal protections afforded under Australian financial laws.
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