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Cryptocoins News / Blockchain  - 2 years ago

FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings

FTX seeks court approval to divest its $18 billion stake in Anthropic, part of its post-collapse asset liquidation strategy, to repay customers and fulfill stakeholder commitments. (Read More)

Cryptocoins News / Blockchain  - 2 years ago

Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy

Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments ami...

Bitcoin News / Bitcoin.com - 2 years ago

FTX Estate to Monetize AI Investment, Seeks Sale of Anthropic Shares Amid Bankruptcy Proceedings

In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximatel...

Bitcoin News / Bitcoin.com - 2 years ago

Bitcoin Pioneer Nayib Bukele Reelected in El Salvador by a Landslide

President Nayib Bukele, a pioneer in introducing the law that made bitcoin legal tender in El Salvador, has been reelected as president of the country in the ballot completed on Sunday. The Latam leader, who will reportedly continue implementing bitc...

Bitcoin News / Bitcoin.com - 2 years ago

DOJ Charges Belarusian National With Money Laundering Conspiracy and Operating Unlicensed Crypto Exchange

The United States Department of Justice (DOJ) has charged the Belarus national Aliaksandr Klimenka with money laundering conspiracy and the operation of an unlicensed money services business. Most of these criminal activities were perpetrated via BTC...

Bitcoin News / Bitcoin.com - 2 years ago

Crypto Fraud-Accused Denver Pastor Preaches Finance in Zambia Just Days After Skipping U.S. Court

A Denver pastor, accused of crypto-fraud, has been spotted in the Zambian capital just days after he reportedly failed to appear in court. The pastor, Eligio Regalado, said about half of the misappropriated $1.3 million went to the IRS. Denver Pasto...

Bitcoin News / Bitcoinist - 2 years ago

Spot Bitcoin ETF Flows Flip Gold: A Mega Capital Rotation In Progress?

The recent launch of spot Bitcoin ETFs (Exchange Traded Funds) has sparked a surge in investment, with capital flows surpassing gold ETFs over the past two weeks, according to Bitwise CIO Matt Hougan.  Spot Bitcoin ETFs Draw More Capital, Flip Gold E...

Bitcoin News / Bitcoin.com - 2 years ago

1,210 ‘Sleeping Bitcoins’ From 2016 Stir After Years of Inactivity, Following Previous Day’s Mysterious Movements

On the final day of January 2024, a series of nine enigmatic transactions emerged from wallets established in 2016. Subsequently, another tranche of 15 transactions from wallets created on that same day in 2016 moved a total of 1,210.41 bitcoin, valu...

Bitcoin News / Bitcoin.com - 2 years ago

Singapore High Court Denies 3AC’s Bid to Dismiss Suit by Defiance Capital Founder

The High Court of Singapore has denied Three Arrows Capital’s (3AC) attempt to dismiss a lawsuit by Defiance Capital founder Cheong Jun Yoong, affirming the legal standing of digital assets in trust disputes. Singapore Court Upholds Defia...