Jackson Zeng | Source | CEO at Caleb & Brown
Jackson Zeng
After being an early investor within the Cryptocurrency space, Jackson joined Caleb & Brown as its first employee. He gained experience at each level of the services team from broker through to being promoted to CEO in 2020. In nearly five years with the company, Jackson has helped scale Caleb & Brown to serve 22,000 clients in more than 100 countries, and grown its staff from one to 50. In addition to his leadership with Caleb & Brown, Jackson is considered a thought leader within the Crypto space, which secured him a position on the board of Blockchain Australia as the Digital Currency Exchange (DCE) Director where he provides guidance on the organization’s strategic direction and membership alignment.
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Caleb & Brown
CEO
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Celsius bankruptcy proceedings show complexities amid declining hope of recovery
A new bankruptcy report filed nearly a month after its Chapter 11 filing shows that the actual debt of the crypto lender stands at more than double what the firm showed in July.
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Crypto Regulations: A Necessary Step to Mass Adoption
Crypto has found a home in Australia. In 2021,28.8% of Aussiesowned some crypto. However, success and growing adoption can add new challenges. We are seeing an asset class grow faster than regulators can feasibly build a regulatory framework.
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The perils of one-size-fits-all crypto investing advice
The collapse of Voyager and Celsius highlights the risks of crypto investing apps and underscores the need for tailored user education, writes Jackson Zeng.
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Celsius holds the majority of CEL — 90%, based on Etherscan — but can’t sell or move the token amid its bankruptcy proceedings. However, traders still have to pay 0.5%–2.5% per day to short the token, so many have been forced to close their short positions over the last two months. A company undergoing a bankruptcy is unlikely to have a positive road ahead. Once the supply is unlocked, the shorts can be covered, therefore having a negative impact on the price and removing the effect of the short squeeze.
