Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’
The bancrupt cryptocurrency lender, Genesis, has petitioned a U.S. chapter courtroom to approve a proposed settlement precept introduced on Feb. 28. According to an replace,...
Deltec Bank Accused of Secretly Extending a $2 Billion Credit Line to Alameda Research
Deltec Bank and Trust Ltd, based mostly in The Bahamas, stands accused of covertly extending a $2 billion line of credit score to Alameda Research....
Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer
Growing consumer demand for cryptocurrencies and the assumption that they signify a brand new asset class assist to elucidate conventional monetary establishments’ newfound curiosity in...
Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding
The Nigerian Web3 startup Nestcoin has reportedly secured a complete of $1.9 million in funding from each present and new buyers. The capital raised will...
The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years
Over the previous three years, there’s been a notable motion in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equal to $20.79 billion,...
Bitcoin’s Rollercoaster Year: A 29% Gain From August 2022 to 2023 Despite Recent Dips
Over the previous 30 days, bitcoin has dipped by 5%, but the main cryptocurrency has seen a achieve of 29.05% from August 3, 2022 to...
Janet Yellen Urges Congress to Enact Stricter Regulations for Crypto Industry Amid SEC Shakedown
In a latest assertion, former U.S. Federal Reserve chair and present Treasury secretary, Janet Yellen, expressed her want for Congress to enact extra regulatory measures...
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s earlier all-time market capitalization file of $83.2 billion, which was set in...
Snoop Dogg Sports Blinged-Out Crypto Hardware Wallet at Wrestlemania 39
Four days in the past, the American rapper, entrepreneur, and proprietor of Death Row Records, Snoop Dogg, hosted WWE’s annual occasion, Wrestlemania 39, in Hollywood....
Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’
Crypto hedge fund Galois Capital is shutting down after dropping about half of its belongings to the FTX catastrophe. “Given the severity of the FTX...