Crypto Market Overview September 14th | Dex-Trade

Crypto Market Overview September 14th | Dex-Trade

Justin Trudeau vs. Pierre Poilievre: Are Canadian Conservatives Support Crypto?

Elected on September 10, the new leader of the Canadian Conservative Party, Pierre Poillèvre, said back in March of this year that if Canadian citizens want “opt out of inflation,” they should buy crypto. No more, no less. But on Saturday, the country's Prime Minister, Justin Trudeau, under the guise of a congratulatory speech on the occasion of Poilievre's appointment as leader of Canada's official opposition, called his proposal to buy digital money extremely irresponsible, especially when such remarks come from the country's leadership. Of course, Trudeau's speech was not entirely devoted to criticizing his opponent. The politician spoke about cryptocurrency as part of his speech on Monday before the first full meeting of members of the three-day Vancouver Cabinet retreat of the Liberal Parliament. And we remember that Canada is one of the world leaders in the areas of mining and implementation of digital money. On the difficult topic of regulation, Trudeau hinted that an attack (by cryptocurrencies, apparently) on the institutions that “make our society fair, safe, and free is not responsible leadership.” Incidentally, following Poilievre’s March statement on inflation protection with crypto, Bank of Canada Senior Deputy Governor Carolyn Rogers told the House Finance Committee that the Central Bank does not view cryptocurrencies as a way to get rid of inflation or as a stable source of value. It seems that the trend of “ardent defenders of the crypto community” has gradually migrated to the Canadian politicians from the United States, where several successful election campaigns have already been built on this wave.


Mashinsky Is Trying to Revive Celsius After Bankruptcy

The infamous Celsius project offered high-interest digital money storage services to its customers right up to the moment when the crypto-winter obviously began to collapse the prices of almost all existing assets, and the company's CEO, Alex Mashinsky, had to declare Celsius bankrupt. This event happened in July, a couple of months after the dramatic collapse of Terra. And already a couple of months after the bankruptcy of Celsius, the platform is again trying to enter the market with almost the same list of services, simply reducing them to classic depositing. The irony is that as a result of the bankruptcy, the crypto asset platform froze the funds of its clients. But even more fantastic is the argumentation of Mashinsky, which he uses in disputes with opponents of the revival of Celsius. Firstly, the businessman proposes to rename the platform to Kelvin, and secondly, in response to skeptics, he says: “Delta (an airline from the USA) filed for bankruptcy. Do you not fly Delta because they filed for bankruptcy?” But seriously, the level of trust in Celsius is identical to the level of trust in the authorities of the RF, so the launch of Kelvin at this stage would be more of a surprise than the discovery of intelligent life on Venus.


Coinbase Ex-Manager's Brother Admits to Insider Trading in Crypto

U.S. Department of Justice (DOJ) officials said Nikhil Wahi, brother of a former product manager at Coinbase Global Inc., “pled guilty to one count of conspiracy to commit wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets.” By the way, this case has already been dubbed the first ever case of insider trading in cryptocurrency. Previously, this only happened with NFTs on OpenSea. Nikhil's brother, Ishan Wahi, has reportedly been working at Coinbase since October 2020 as a product manager assigned to the asset listing group of the cryptocurrency exchange. He told the defendant what crypto assets Coinbase planned to list on its exchanges, after which Nikhil used anonymous Ethereum wallets and bought these assets at pre-sales shortly before Coinbase publicly announced their listing. Further, according to the DOJ, Nikhil Wahi used accounts on centralized exchanges in the names of others and transferred proceeds from insider selling through several anonymous Ethereum wallets to hide his purchases. The scheme can hardly be called cunning. Sooner or later someone would have figured it out.