Invictus Capital, a crypto investment firm based in South Africa, moved crypto from funds designated for investments with “no anticipated downside risk” into Terra USD and held the tokens through the UST de-peg event citing “pretty amazing interest” as justification for hholding through the crash. The post Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes appeared first on CryptoSlate.

Rumors surfaced Friday night that Coinbase could face liquidity issues following leaked emails stating that it would suspend its affiliate program. The post $248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues appeared first on CryptoSlate.

A lively debate on Reddit Friday resurfaced the discussion of whether the computing infrastructure built on top of Ethereum is too centralized. The post Ethereum’s centralized dApps may overshadow the decentralization of proof-of-stake appeared first on CryptoSlate.

Disney Accelerator is a program that supports collaborations between Disney and “venture-backed, growth-stage start-ups with a vision for making an impact on the future of technology and entertainment.” Each year, it welcomes a new cohort of companies and has chosen three web3 companies to join its program. The post Disney Accelerator announces Polygon, Flickplay, Lockerverse in the class of 2022 appeared first on CryptoSlate.

CNBC reported Wednesday night that Celsius has informed: “state regulators that it’s filing for bankruptcy ‘imminently.” The company will move toward chapter 11 bankruptcy as it struggles to deal with its liquidity issues. The post Celsius officially declares bankruptcy after paying down DeFi loans appeared first on CryptoSlate.