Key takeaways: Bankrupt crypto lender BlockFi has filed a motion in the US bankruptcy court (District of New Jersey) to convert “trade-only” wallet assets into stablecoins, enabling users to withdraw these funds. ‘ The assets, including Algorand (ALGO), Bitcoin Cash…
key takeaways: The Digital Currency Group (DCG) and Genesis creditors appear to have reached a resolution for their bankruptcy claims, with a preliminary agreement announced in a recent court filing. This potential deal holds the promise of enabling unsecured creditors…
Key takeaways: In a significant win for crypto asset manager Grayscale Investments, the company has achieved a favorable outcome against the United States Securities and Exchange Commission (SEC) in its pursuit to convert its Grayscale Bitcoin Trust (GBTC) from an…
key takeaways: Countries worldwide are actively vying to establish themselves as hubs for cryptocurrency operations, and Hong Kong is no exception. Recently, HashKey Exchange began catering to retail investors in Hong Kong, granting them the opportunity to purchase bitcoin and…
Key takeaways: Two major crypto exchanges, OKX and Bybit, have followed Binance‘s lead in excluding Russian banks subject to international financial sanctions from their payment offerings. Specifically, Tinkoff Bank and Sberbank are no longer accessible in the peer-to-peer (P2P) transaction…
key takeaways: The Pepe ($PEPE), a token inspired by the renowned meme and cartoon character Pepe the Frog recently faced a significant internal upheaval due to a substantial breach of ‘trust”. Allegedly, about 16 trillion $PEPE tokens, valued at approximately…
key takeaways: John Deaton, the founder of CryptolawUS and a prominent advocate for XRP holders, has strongly criticized the SEC’s accusations of “aiding and abetting” against Brad Garlinghouse, the CEO of Ripple. Deaton contends that the current situation could potentially…
Key takeaways: Renowned crypto liquidity provider, B2C2, has acquired Woorton, a leading European market maker specializing in digital asset over-the-counter (OTC) transactions. This strategic move strengthens B2C2’s position in Europe and enhances its global standing in the crypto market. With…
Key takeaways: Bitstamp, a long-standing cryptocurrency exchange, has announced its decision to end the ether staking program for all U.S. customers starting next month. Bobby Zagotta, Bitstamp’s U.S. CEO and global chief commercial officer, stated that the staking services will…
Key takeaways: In its ongoing legal battle, struggling cryptocurrency lender BlockFi is aiming to thwart attempts by FTX and Three Arrows Capital (3AC) to reclaim billions of dollars exchanged before their collapse last year. BlockFi alleges that it was ensnared…
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