Genesis Gets Green Light to Repay Creditors in Billions

Genesis Gets Green Light to Repay Creditors in Billions

Bankrupt Crypto Lender Genesis Secures Court Approval for Repayment Plan In a win for creditors, a bankruptcy judge has approved a repayment plan for bankrupt crypto lender Genesis Global. This plan allows Genesis to distribute billions of dollars worth of digital assets and cash to those it owes money to. The decision comes after Genesis,…

Arkham Flags FTX and Alameda Wallets for Liquidating $97.35 Million in Crypto Assets

Arkham Flags FTX and Alameda Wallets for Liquidating $97.35 Million in Crypto Assets

According to the latest data, transactions involving these two entities have raised eyebrows, amounting to a staggering $97.35 million worth of crypto assets liquidated within the past month alone. Arkham found that big amounts of money are being moved and sold in the crypto market. They noticed that most of these transactions involve the wallets…

Lens Protocol Profiles NFT Floor Price Plummets Over 60% in 7 Days Amidst Test Invitation System Launch
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Lens Protocol Profiles NFT Floor Price Plummets Over 60% in 7 Days Amidst Test Invitation System Launch

Lens Protocol Profiles, a popular collection of non-fungible tokens (NFTs) on the OpenSea marketplace, has experienced a drastic decline in its floor price over the past week. The floor price of Lens Protocol Profiles NFTs has plummeted by more than 60%, now hovering around 50 USDC. This significant drop in value can be attributed to…

Groundbreaking Ruling: XRP Not Securities, Says Judge
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Groundbreaking Ruling: XRP Not Securities, Says Judge

Start your journey into this groundbreaking ruling as Ripple, prevails against the Securities and Exchange Commission (SEC) in a judicial tussle that lasted two grueling years. The verdict? XRP is classified as a virtual currency, sidestepping the convoluted regulations that come with securities. $XRP surge 25% Ripple’s Fierce Arguments Brought To Light Brush up on…

Namibia Regulates Digital Assets and Cryptocurrencies
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Namibia Regulates Digital Assets and Cryptocurrencies

Namibia, a country in southwestern Africa, has taken a significant stride in the realm of digital assets and cryptocurrencies. On June 22, 2023, the National Assembly of Namibia passed a bill to regulate digital assets, cryptocurrencies, and virtual asset service providers (VASPs). The aim of this bill is to establish a comprehensive regulatory framework for…

U.K. Passes Economic Crime Bill to Seize and Freeze Crypto Used for Crime
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U.K. Passes Economic Crime Bill to Seize and Freeze Crypto Used for Crime

The U.K.’s Economic Crime and Corporate Transparency Bill has successfully passed Parliament’s upper chamber, the House of Lords, marking a significant step forward in the country’s efforts to combat economic crimes involving cryptocurrency. This bill empowers law-enforcement agencies with the authority to seize and freeze digital assets connected to criminal activities. The measures outlined in…

Thailand Implements Stricter Regulations for Cryptocurrency Exchanges
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Thailand Implements Stricter Regulations for Cryptocurrency Exchanges

In an effort to safeguard investors and promote transparency in the cryptocurrency market, the Thai government has recently announced stricter regulations for cryptocurrency exchanges. These regulations require exchanges and other related entities to publicly disclose potential risks associated with trading cryptocurrencies. Additionally, certain activities, such as using users’ digital assets for loans or investments and…

Swiss Prosecutors Seize $26 Million in Digital Assets Belonging to Do Kwon

Swiss Prosecutors Seize $26 Million in Digital Assets Belonging to Do Kwon

Terraform Labs (TFL), a renowned cryptocurrency company, faces further legal troubles as Swiss prosecutors have taken action to freeze approximately $26 million in digital assets and U.S. dollars owned by the imprisoned co-founder, Do Kwon. The assets were stored in Sygnum, a digital asset bank headquartered in Switzerland. Previous Asset Freezes This is not the…

Mark Yusko Predicts Bull Market for Bitcoin and Crypto
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Mark Yusko Predicts Bull Market for Bitcoin and Crypto

Mark Yusko, the renowned founder and CIO of Morgan Creek Capital, declares that Bitcoin and the crypto markets have officially entered the realm of a bull market. This revelation comes as no surprise, as Yusko has long foreseen a surge in digital assets, and he firmly believes that the current rally is merely the beginning…

DASH Completes Halving Amidst SEC Listing as a Security
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DASH Completes Halving Amidst SEC Listing as a Security

DASH has completed its halving process at block height 1,892,161. This significant event has garnered attention from the crypto community, coinciding with DASH’s recent listing as a security by the U.S. Securities and Exchange Commission (SEC). With the next halving events for Litecoin (LTC) and Bitcoin (BTC) on the horizon, the crypto market is witnessing…

Binance Announces Departure from Dutch Market
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Binance Announces Departure from Dutch Market

Binance, a leading cryptocurrency exchange, has announced its decision to leave the Dutch market, preventing new users from registering accounts. Existing Dutch residents will only be able to withdraw their assets from the platform, as all other activities such as purchases, trades, and deposits will be discontinued starting from July 17, 2023. Binance expressed regret…

CFTC Wins First-Ever Legal Case Against DAO

CFTC Wins First-Ever Legal Case Against DAO

In a groundbreaking legal development, The Commodity Futures Trading Commission (CFTC) has obtained a default judgement against Ooki DAO, marking the first-ever case against a decentralized autonomous organization (DAO) and establishing legal liability for DAOs. This ruling signifies a significant milestone in the regulation of blockchain-based entities and has far-reaching implications for the future of…

Polkadot Vault: Secure Cold Storage for Digital Assets Rebranded

Polkadot Vault: Secure Cold Storage for Digital Assets Rebranded

Polkadot Vault, formerly known as Parity Signer, has recently undergone a rebranding. The Polkadot Vault app is now available on iOS and Android devices. Polkadot Vault is designed to provide users, including developers and power users, with a secure method for storing and managing their digital assets. By utilizing an air-gapped cold storage approach, Polkadot…