Wollito UAB

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.

Genesis Global secures court approval for $3B payout

Bankrupt cryptocurrency lender Genesis Global has secured court approval to return about $3 billion in cash and cryptocurrency to its creditors. This decision leaves its parent company, Digital ...

3 months ago

It was speculated that Gensler’s vote secured the launch of spot Bitcoin ETFs in January — and the same five commissioners are set to vote on Ether ETFs this week.

Spot Ether ETFs will come down to a 5-person vote: Gensler the decider?

The fate of spot Ether exchange-traded funds could be decided this week by a single vote from Gary Gensler, the chair of the United States Securities and Exchange Commission — if hist...

3 months ago

“Not all creditor repayments are bearish,” said K33’s analysts, noting FTX's cash payouts versus the crypto repayments from Gemini and Mt. Gox.

FTX repayments could create ‘bullish overhang’ for crypto markets — K33 Research

Slated cash repayments to FTX creditors could create a wave of bullish “buying pressure” in the crypto market, says K33 Research analysts. FTX is set to pay a minimum of&nb...

4 months ago

The transfer of the bankruptcy claim from FTX EU to FTXcreditor could have a significant impact on stakeholders.

Small creditors put at risk by latest FTX bankruptcy development

A significant claim against FTX EU — previously known as K-DNA Financial Services —has been transferred to FTXcreditor in the latest development in the FTX bankruptcy case. The trans...

4 months ago

International hedge fund Millennium Management has reported it holds $1.94 billion across five different spot Bitcoin ETF products.

Millennium Management discloses $2B in Bitcoin ETF holdings

International hedge fund Millennium Management has revealed it holds nearly $2 billion in spot Bitcoin exchange-traded-funds (ETFs) as of the first quarter of 2024. Millennium he...

4 months ago

Robinhood Crypto has chosen Europe to launch its first staking product, offering customers Solana staking with a 5% yield at launch.

Robinhood rolls out SOL staking to European markets

Trading platform Robinhood is targeting European users to expand its crypto services as legal challenges loom in the United States. On May 15, the company announced its first crypto-staking prod...

4 months ago

Galaxy Digital’s net income climbed 40% in the first quarter of 2024, buoyed by record-breaking revenue from mining operations and management fees.

Galaxy Digital’s revenue soars with mining, fees at record levels

Galaxy Digital reported a robust first quarter in 2024, with net income climbing to $422 million, a 40% increase from the previous quarter. The surge was supported by record earnings in mining a...

4 months ago

It comes just two weeks after the Insolvency Service secured a winding-up order against Amey’s firm in the United Kingdom High Court on April 30.

UK closes ‘trust me bro’ crypto firm that gave horrible advice to clients

United Kingdom authorities have officially shut down a crypto academy, claiming the founder used it to “recklessly persuade” people to partake in loss-making investment schemes, incl...

4 months ago

The ecosystem fund is denominated in Bitget Wallet’s native token, BWB, which is scheduled for debut this quarter.

Bitget Wallet launches $10M ecosystem fund alongside Onchain Layer

Crypto exchange Bitget is looking to create its own on-chain ecosystem by following the footsteps of exchanges such as Binance, OKX and KuCoin. “The Bitget Onchain Layer wi...

4 months ago

CoinShares’ revenue, gains and other income reached 43.9 million pounds ($55 million) in the first quarter of 2024, a 216% increase year-over-year.

CoinShares posts record revenue in Q1, backed by markets, Bitcoin ETFs

European asset manager CoinShares posted a record performance in the first quarter of 2024, driven by a recovery in markets since the debut of Bitcoin exchange-traded funds (ETFs). The...

4 months ago