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3AC foreclosure concerns grow; Fed boost short lived

BlockFi’s Zac Prince says they have fully liquidated 3AC positions. Meanwhile, Hong Kong’s central bank works with the Bank of Israel to study CBDC security.

Welcome to The Daily Forkast – June 17, 2022 – presented by Megha Chaddah.

Coming up on today’s show:

BlockFi reportedly among those that liquidated 3AC positions. 

Meanwhile, the Fed boost to crypto market proves to be short lived.

Over in Southeast Asia, Huobi to exit Thailand permanently on July 1.

And in Hong Kong, the Monetary Authority joins with Bank of Israel to investigate CBDC cybersecurity.

In China, a media watchdog said NFTs are digital publications and need to be censored.

And finally, as the NFT market continues to grow, should NFT collectors be buying insurance?

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast June 17.