A federal US bankruptcy court signed off on Voyager’s long awaited restructuring plan on Tuesday, with Binance.US officially stepping in as the crypto credit company’s expected financial savior. Binance.US has agreed to cough up $1.3 billion in the process, according to multiple reports, in an agreement to acquire Voyager’s assets. The billion dollar-plus payouts, according […]
FTX’s sister company Alameda Research has filed a lawsuit against crypto asset manager Grayscale Investments seeking an injunction to realize what it says is more than $250 million in profits for FTX’s clients and shareholders. according to the newspaper. The lawsuit was filed in the Delaware Court of Chancery. It also addresses allegations against Grayscale […]
There are many explanations for the nature and purpose of some of the chain transactions highlighted by Forbes, and they may be wrong. But Binance’s confusing and sometimes contradictory response to the findings does not inspire confidence, especially in the post-FTX era of widespread suspicion of central bankers with balance sheets. Forbes reported this week […]
Bitcoin is down as a move above $24.1K after the FOMC minutesStimulated but not shaken, the crypto market fell slightly on Thursday, rose slightly but remained in the red after the Federal Open Market Committee (FOMC) of the US Central Bank released some minutes on -not good. Bitcoin was recently trading at $24,164, down 1% […]
FTX’s demise caused massive disruption and a severe impact on the entire market. Justice was partially served after Sam Bankman-Fried was arrested. Yet, he was granted a whopping $250 million bail and is currently under house arrest. While his parents were part of this bond, the other two guarantors remained under wraps. However, that might change soon going forward. According […]
MORE: Crypto bank Silvergate reports $1 billion loss in fourth quarter. Stocks closed mixed on Q4 earnings reports from major banks. More than one in three of the 535 US ambassadors and representatives showed up to a new session on the FTX wallet, after receiving media support from one of the leaders of the crypto […]
The U.S. Securities and Exchange Commission announced a complaint that FTX is hiring New York law firm Sullivan and Cromwell, citing conflicts of interest in its past business, in a January 13 legal filing. The complaint echoes the one filed by members of the United States Senate against the founder of the crypto exchange, Sam […]
Bitcoin (BTC)’s 2023 rally continues, with the crypto now above $20,000 for the first time since the FTX crash in early November. The largest cryptocurrency by market cap started the week near the $17,000 mark after hovering around $16,000 since mid-December. Currently at $20,250, bitcoin has gained more than 20% in the first two weeks […]
Over the past few weeks, the Shiba inu-themed token has taken center stage in the Solana ecosystem as the idea around the blockchain network gained traction following the Sam Bankman-Fried debacle at FTX. CoinDesk’s Shaurya Malwa takes a look at Bonk Inu. Bonk Inu, a project with a cute dog that uses a bat as […]
The United States Commodity Futures Trading Commission has filed a lawsuit against crypto trader Avraham Eisenberg for allegedly manipulating the price of exchange contracts as part of a scam to steal $114 million. Eisenberg carried out a “fraudulent and fraudulent scheme” in October to inflate the price of swaps traded on digital stock markets, resulting […]