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Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust.

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022,&...

9 months ago

New Amendment Allows for Comingling of Assets

Grayscale Proposes GBTC Fund Amendment as Spot Bitcoin ETF Looms

Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), has proposed amendments to the trust’s agreement in preparation for a potential uplisting to a spot Bitcoin (BTC) ex...

9 months ago

Popular cryptocurrency wallet Trust Wallet has alerted users about an ongoing issue with the Bitcoin (BTC) node that may result in transaction delays and missing transaction history.

Trust Wallet Warns Users May Face Transaction Delays and Missing History Amidst Bitcoin Node Instability

In a Thursday post on X (formerly Twitter), Trust Wallet said they are “experiencing a BTC node issue” that could lead to transaction delays and missing transaction history.

9 months ago

The licence will allow Fasset to serve institutional investors, qualified investors and retail investors.

Digital Asset Investment Platform Fasset Wins Operational License in Dubai

Fasset, a digital asset investment platform, has won a license to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional, qualified, and retail investors...

9 months ago

VeChain recently tweeted about being featured in another academic paper.

VeChain expands its status in food security & waste management

The network was showcased as a prime example of blockchain use cases. The network has made significant progress in the domains of food security and waste management and has published a...

9 months ago

The soccer star’s Binance-tied NFTs allegedly promoted investments in unregistered securities on the crypto exchange.

Cristiano Ronaldo sued for promoting Binance, unregistered securities

Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exch...

9 months ago

The co-founder of the crypto-focused VC firm Electric Capital, Avichal Garg, has warned investors over a potential disguised crypto scam.

VC Firm Electric Capital Warns Crypto Community About New Disguised Crypto Scam

The early-stage VC that raised $300 million for its third fund in September, is now being targeted by crypto scammers. According to Garg’s warning, the perpetrators are...

9 months ago

DCG has paid about $227.3 million to Genesis so far and plans to pay another $275 million it owes by April.

Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing

Digital Currency Group (DCG) and Genesis Global have reached a repayment plan to settle their lawsuit, according to a new bankruptcy filing. In September, Genesis filed a lawsuit ...

9 months ago

The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot.

HSBC, Hang Seng Join China’s Digital Yuan Pilot

21st Century Business Herald reported that a group of “four foreign banks” have “officially announced the launch of digital yuan business.” HSBC’s Ch...

9 months ago

Changpeng Zhao was set to return to the UAE, where his wife and children live, but a district judge stayed this part of his bond release for now.

Binance Founder CZ Stuck in U.S. for the Moment

Binance founder Changpeng "CZ" Zhao must remain in the U.S., at least for the moment, as a federal judge considers a U.S. Department of Justice motion that would require him to remain ...

9 months ago