Joel E. Cohen, a mathematician and biologist acting as the valuation adviser for Celsius Network through Stout Risius Ross, has verified the accuracy of the fair value of specific assets and liabilities of the debtors. After several months of negotiations and discussions, most Celsius creditors have recently approved a plan that would return around $2...Read More
Ethereum recently completed a community event, ACDE 171, discussing how to bring several transformative elements that could shape the future of the network, possibly bolstering security and privacy. The event covered several broad topics, including Dencun Devnets, extensive audits, the much-awaited launch of Holesky, a pioneering proposal for private ETH transfers, and significant changes to...Read More
In a significant development in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and major cryptocurrency exchange Binance, stablecoin issuer Circle has intervened, asserting that stablecoins should not be categorized as securities under existing financial regulations. This comes after earlier this year, Binance faced several legal accusations from regulators with the...Read More
Fortnite developer – Epic Games – has confirmed reports about laying off around 16% of its employees, affecting nearly 830 staff members. Epic CEO Tim Sweeney said the company has been working towards reducing costs across the globe, including its transition to “net zero hiring and cutting operating spend on things like marketing and events.”...Read More
As the cryptocurrency market continues to evolve, investors and enthusiasts are always on the lookout for tokens with potential. In October, three tokens generated significant buzz – Shiba Budz (BUDZ), Cardano (ADA), and Ripple (XRP). These tokens have been making waves in the crypto space, and their unique features and recent developments have caught the...Read More
Zhu Su, the infamous co-founder of the now-defunct crypto hedge fund Three Arrows Capital, has been reportedly apprehended in Singapore. This comes amid the amassing issues against his former hedge fund and his newly launched crypto exchange – OPNX. Citing an email update seen by The Business Times (Singapore), the report indicated that Su was...Read More
Binance announced the sale of its Russian entity to a relatively unknown company called CommEX, the transaction of which raised several questions and concerns within the crypto community, primarily due to the limited information available about the company and its ownership. Moreover, CommEX was officially launched on Tuesday. To address these concerns and provide clarity,...Read More
Filing a brief for amicus curiae in the United States District Court, for the District of Columbia on 28th of September 2023, Circle Internet Financial LLC has now officially entered the lawsuit of Securities and Exchange Commission v. Binance Holdings Ltd. et al., as a ‘friend of the court’ to provide important information or advice...Read More
Shibarium Discord admin, using the X (Twitter) handle DaVinci, alerted individuals to do proper research before taking all rumors about a partnership involving Shiba Inu for granted. Relying only on verified sources is the key to making “informed decisions,” they added. The Latest Warning DaVinci argued that there are numerous bad actors who use the...Read More
[PRESS RELEASE – London, United Kingdom, September 29th, 2023] Having already raised $500K in less than 48 hours, Memeinator has already stormed through to stage 3 of its presale, on its relentless mission to redefine the meme coin sector. The project’s grand vision was born from the frustration of seeing relentless false promises and overhyped...Read More
Valkyrie Investments, known for its Bitcoin Mining ETFs, will begin investing in Ether Future ETFs, making it the first to offer exposure to Ether and Bitcoin futures contracts within a single entity. The asset management firm plans to purchase Ethereum Futures on Oct. 3, expanding its offerings range. Valkyrie Expands Offerings with Ethereum Futures Valkyrie...Read More
Despite Ripple’s partial victory in July, the legal battle between the company and the US Securities and Exchange Commission (SEC) continues at full speed. In this article, we will outline the latest essential details surrounding the lawsuit as well as Gary Gensler’s (Chairman of the regulator) most recent reaction to the dispute. The Battle Goes...Read More
The United States Securities and Exchange Commission (SEC) has delayed reviewing Bitcoin ETF applications from major financial firms, including BlackRock, Valkyrie, Invesco, and Bitwise. Analysts say this postponement is tied to the impending risk of a U.S. government shutdown on Oct.1. SEC Delays Bitcoin ETF Applications According to separate Sept. 28 filings, the SEC has...Read More
Blockchain firm Ripple has canceled its plans of an outright acquisition of Fortress Trust, a development that marks a significant U-turn from the former’s previous intention to purchase the company roughly three weeks earlier. However, Ripple plans to keep supporting Fortress while stating that it will continue to be an investor in Fortress Trust’s parent...Read More
As per insightful analysis from Lookonchain, Michael Egorov, the founder of Curve DeFi network, has fully completed the payment of his remaining debt associated with DeFi lending protocol Aave. Egorov’s debt repayment spree was triggered by liquidation risks last month when CRV tokens plunged in value following a massive network exploit. Egorov Settling Debts As...Read More
30 days has September – and we were busy for all of them. The highlight? TOKEN2049 where many asked, “What bear market?” – commentary that also ran through the conversations our team on the ground had with clients, community members, and more. Needless to say, it was a packed week. You’ll find our key takeaways...Read More
