The largest creditors of bankrupt cryptocurrency exchange Mt. Gox have chosen a payment option that will allow them to receive a lump sum of their recovery payout in bitcoins rather than fiat. The creditors, now-defunct crypto exchange Bitcoinica and Mt Gox Investment Fund (MGIF), collectively represent about one-fifth of the bankruptcy claims. Gox Biggest Creditors...Read More
Bankrupt crypto lender BlockFi has filed a motion to dismiss the bankruptcy case for Emergent Fidelity Technologies, the holding firm owned by Sam Bankman-Fried (SBF), founder and former CEO of FTX. In the motion, filed on Thursday in the United States Bankruptcy Court for the District of Delaware, BlockFi argued that Emergent is not eligible...Read More
FTX’s Japanese subsidiary has moved closer to its goal of unlocking its users’ trapped funds. The bankrupt company told clients on Friday that they can now confirm their balances on the platform, as part of a plan to compensate clients by the end of the month. A Step Closer to Compensation Besides viewing their balances,...Read More
The leading spot trading Bitget exchange has decided to go ahead with a repeat deployment of its native Launchpad project to assist aspiring and promising early-stage projects with market entry and community scaling. The first project to be hosted on the Launchpad, starting February 16, will be the decentralized Panda Farm GameFi project, which will...Read More
The Securities and Exchange Commission (SEC) has been closely scrutinizing Binance, one of the world’s largest cryptocurrency exchanges, over concerns related to potential securities violations. The SEC has been investigating Binance’s operations, including its trading and lending platforms, to determine whether they comply with US securities laws. Additionally, the SEC has been examining whether Binance...Read More
[PRESS RELEASE – Please Read Disclaimer] BC.GAME is teaming up with its brand new ambassador, Brazilian professional footballer David Luiz, to bring RIO Carnival to the community of crypto casino players. With a whopping $1.2 million prize pool up for grabs and weekly cash prizes, this is a gaming event players won’t want to miss...Read More
[PRESS RELEASE – Irvine, California, United States, 16th February 2023] The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and...Read More
Shortly after legally going after Do Kwon and Terraform Labs, the US Securities and Exchange Commission asserted that the former cashed out 10,000 bitcoin after his brainchild collapsed. Kwon has been on the run ever since the crash last year, reportedly currently hiding in Serbia. As reported by Bloomberg, the latest allegations from the US...Read More
Binance has started minting True USD (TUSD) in response to a U.S. regulatory crackdown on its own stablecoin BUSD. On Feb. 16, the world’s largest crypto exchange minted 50 million TUSD, according to blockchain sleuths. True USD was launched in 2018 and listed on Binance in May of that year. TUSD is the sixth largest...Read More
Since Sam Bankman-Fried has been allowed to stay at his parent’s home until his trial this October, multiple missteps have occurred. Between a long-winded rant on substack outlining his view of the collapse of FTX and attempts to contact the current CEO of the failed exchange as well as former employees to “help sort things...Read More
In light of Bitcoin’s enormous increase over the previous twenty-four hours, market analysts are making bold forecasts about the king coin’s value by the end of the month and 2023 in general. The on-chain signs are now exceedingly bullish, and Bitcoin (BTC) even broke over the lauded $25,000 level yesterday. The signs on BTC’s chart...Read More
On February 16th, the US Securities and Exchange Commission (SEC) accused Terraform Labs, the Singapore-based company behind the creation of LUNA and UST – native tokens of the Terra ecosystem – and its co-founder Do Kwon of promoting a multi-billion dollar fraud by offering and selling unregistered securities through the use of crypto assets. The...Read More
Onramper, a fiat-to-crypto gateway aggregator, is now integrated with BitMEX. It’s an integration that means users now have an even faster, more seamless, and secure way to buy crypto with fiat. By partnering with Onramper, BitMEX now supports the widest possible amount of fiat currencies, payment methods, and cryptocurrencies – all via one single API....Read More
