SPIRIT Blockchain – Weekly Wrap-up 7/29/2022
Here’s what happened in blockchain and crypto this week. Cryptoassets had a strong rebound, with both BTC and ETH reclaiming previous levels after a brief pullback mid-week. While it was another busy week in crypto-related deals, it was a more quiet, albeit not uneventful week in terms of headlines. A number of news articles shed some more light on filings and recent developments surrounding troubled crypto lenders and exchanges. Elsewhere, Coinbase faces an SEC probe on assets that should have been registered as securities, according to the agency. On a related note, Ark Investment Management – which had been bullish on Coinbase – revealed it had sold more than 1.4 million in the company’s shares. More information on troubled crypto lenders and exchanges came to light this week (see also headlines below) including Asian firm Babel Finance which reportedly engaged in prop trading with customer funds. CoinDesk had another