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Genesis’ Grayscale Shares Valued at $1.6B

Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients

Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares ...

7 months ago

Nelson Highlights Treasury’s Focus on Illicit Finance

US Treasury to Discuss Crypto Finance Concerns at Congressional Hearing

The United States Treasury is gearing up to address Congress on the emerging challenges posed by cryptocurrencies to existing financial regulatory frameworks. In his prepared test...

7 months ago

Between Feb. 13 and Feb. 14, 2024, the volume of liquidations in the cryptocurrency market approached $140 million.

Crypto liquidations daily volume approaches $140m

According to CoinGlass, 45,965 traders have had their positions liquidated in the last 24 hours. Approximately $91 million in losses came from long positions and almost $49 million from sho...

7 months ago

Policy Implication of Warren’s Anti-Crypto Legislation

Blockchain Association Warns Warren’s Anti-Crypto Legislation Threatens US Jobs and Strategic Advantage

The Blockchain Association has sent a second letter to the House Financial Services Committee and Senate Banking Committee expressing concerns over a bill sponsored by Senator Elizabeth Warren.

7 months ago

Most accused celebrities came out to deny their links to the fraudulent schemes, while a few involved have ceased all relationships with the accused firm.

South Korea rocked by alleged celebrity crypto scandal

South Korea has been hit by an alleged crypto scandal linked to many popular celebrities and YouTubers involving the promotion of a fraudulent scheme. According to a report p...

7 months ago

San Francisco-based venture capital firm Founders Fund spent $100 million on Bitcoin, and another $100 million on Ethereum last year.

Peter Thiel’s Founders Fund reportedly spent $200m on crypto

In the summer of 2023, when Bitcoin (BTC) was trading below the $30,000 mark, Peter Thiel’s Founders Fund began actively buying BTC alongside Ethereum (ETH), the second...

7 months ago

SafeMoon Failed to Pay Legal Fees, Lawyers Allege

SafeMoon CEO Gets Bail, But His Legal Team Wants to Opt Out

CEO of bankrupt crypto project SafeMoon Braden John Karony is released on bail, but his legal team no longer wants to represent him. In Nov. 2023, Karony and SafeMoon CTO Thomas Smith ...

7 months ago

The new entity is aimed at opening the doors for the Middle East’s institutional investors to crypto, staking and AI.

Deus X, Bridgetower debuts $250M digital asset venture in Middle East

Private equity firms Deus X Capital and Bridgetower Capital are set to launch a new $250 million crypto infrastructure platform, bringing crypto staking, investing and other digital asset servic...

7 months ago

Friendzone Joins the Fray Following Friend.Tech’s Journey

SocialFi Project Friendzone to Debut on Polygon Blockchain

Decentralized social marketplace Friendzone is hopping on the Polygon blockchain for a Feb. 26 launch, and eyeing a move to Polygon zkEVM down the line. The app is said ...

7 months ago

Penned by veteran finance experts, the book about assetization aims to bring awareness to a dormant $78 trillion market.

Assetization becomes key topic at Davos 2024: Here’s what it means

The tokenization of real-world assets (RWAs) has become a hot topic in digital finance in 2023. Establishing an investable market out of illiquid assets through the use of blockchain t...

7 months ago