FTX plans sale of Digital Custody for $500K in bankruptcy move

FTX’s legal team clarified that since FTX US hasn’t been restarted, Digital Custody holds little value for the estate, hence the sale.

FTX plans sale of Digital Custody for $500K in bankruptcy move

The FTX debtors estate, led by CEO John Ray III, has filed to sell Digital Custody to CoinList for a significant markdown of $500,000, with financing provided by DC’s original CEO and sell...

7 months ago

Bitcoin news: MrBeast’s millionaire investment

YouTuber MrBeast is a holder of millions of dollars worth of BTC

Bitcoin news: MrBeast’s millionaire investment

Latest Bitcoin news: MrBeast, the famous YouTuber, is also a BTC holder for millions of dollars since 2021. The current price of $48,260 has returned to be higher than the value of his initial i...

7 months ago

Can Torrevieja become Europe’s first crypto-friendly city?

Torrevieja, a tourist hub in the Alicante province of Spain, will allow stores to accept payments in crypto, paving the way for greater adoption.

Can Torrevieja become Europe’s first crypto-friendly city?

Torrevieja, a tourist hub in the Alicante province of Spain with a population of 82,000, intends to become “the first crypto-friendly city in Europe” by letting its stores accept cry...

7 months ago

South Korea Plans to Block Unlicensed Crypto Exchanges

Mid-Year Check and Policy Recommendations

South Korea Plans to Block Unlicensed Crypto Exchanges

South Korea plans to conduct virtual asset exchange inspections to expel ineligible platforms later this year. Authorities are contemplating an advanced suspension system for suspiciou...

7 months ago

ERC-404 hybrid NFT tokens in ‘good spot’ for EIP push, says dev

ERC-404, which mixes Ethereum’s ERC-20 token and ERC-721 NFT standards, is gearing up for a bid to be the blockchain’s newest standard.

ERC-404 hybrid NFT tokens in ‘good spot’ for EIP push, says dev

An unofficial and experimental Ethereum standard dubbed “ERC-404” — proposed to become a hybrid of fungible and nonfungible tokens (NFTs) — is “working around the c...

7 months ago

Prometheum claims Ether is a ‘digital asset security’ with launch of custody services

SEC chair Gary Gensler has avoided answering whether the commission definitively considers Ether as a security under its purview.

Prometheum claims Ether is a ‘digital asset security’ with launch of custody services

Prometheum, one of the few crypto companies to have approval from United States financial regulators as a special purpose broker-dealer (SPBD) for digital asset securities, has announced it will...

7 months ago

Disney’s $1.5B stake in Epic smells a lot like another metaverse play

Disney cut its metaverse division less than a year ago, but now it looks like it’s teaming up with Epic Games to build one.

Disney’s $1.5B stake in Epic smells a lot like another metaverse play

The Walt Disney Company is acquiring a $1.5 billion equity stake in Epic Games to build what it’s calling a “persistent universe,” less than a year after shuttering its metaver...

7 months ago

Craig Wright admits forging key documents to claim Satoshi Nakamoto identity

On the fourth day of the COPA v. Craig Wright trial, Wright conceded that many documents he presented to affirm his claim as Satoshi Nakamoto were indeed forged.

Craig Wright admits forging key documents to claim Satoshi Nakamoto identity

Highlighting this development, COPA showcased evidence of anachronisms, including fonts that did not exist when the documents were supposedly created, leading Wright to admit their ina...

7 months ago

OSL completes first transaction of tokenized UBS warrant on Ethereum

One of Hong Kong’s two licensed crypto exchanges, OSL, finalizes the first tokenized warrant transaction with UBS.

OSL completes first transaction of tokenized UBS warrant on Ethereum

OSL Digital Securities has completed the first transaction involving the UBS pilot investment-grade tokenized warrant in Hong Kong, the company said in a press release. ...

7 months ago

Bankrupt Crypto Lender Genesis Moves to Settle with NY Attorney General

Attorney General Targets Deceptive Earn Program

Bankrupt Crypto Lender Genesis Moves to Settle with NY Attorney General

Bankrupt lender Genesis on Thursday settled a lawsuit with New York Attorney General Letitia James over its now-defunct Earn program. The Earn program, operated jointly with Gemini Tru...

7 months ago

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