The dominos keep falling as yet another firm has been affected by the Three Arrows Capital saga. DeFiance Capital has announced it has been ?materially affected? by Three Arrows Capital?s liquidation but the company?s CEO Arthur Cheong has said the Singapore-based company is committed to recovering all assets that may have been affected.
Bitcoin, Ethereum and Ripple are all trading slightly lower this morning.
Russian President Vladimir Putin has signed a new law called Duma, banning all digital payments across Russia. The law prohibits the use of digital securities and tokens as a means of paying for goods, services and products in Russia.
And OpenSea, the world?s largest NFT marketplace has laid off around 20% of its staff due to ?an unprecedented combination of crypto winter and broad macroeconomic instability?.
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