Bitcoin News / Bitcoinist - 8 months ago
On Thursday, FTX and Genesis announced a settlement agreement worth $175 million, effectively resolving a $4 billion claim. The deal, which awaits final documentation, aims to facilitate the confirmation of Genesis’ bankruptcy plan and bring st...
Cryptocoins News / Finance Magnates - 8 months ago
The bankrupt
cryptocurrency exchange, FTX, has agreed to settle its claims dispute with
equally bankrupt digital asset lender, Genesis, by accepting a payment of $175
million to Alameda Research, its affiliated insolvent crypto hedge fund.
Earlier in...
Cryptocoins News / EthereumWorldNews - 8 months ago
FTX’s stranded customers have expressed disappointment over the recent bankruptcy claim settlement.& The bankrupt exchange recently reached a $175 million deal to settle bankruptcy claims with Genesis.& The deal was significantly lower than...
Cryptocoins News / The Cointelegraph - 8 months ago
However, FTX creditors expressed discontent and urged the Official Committee of Unsecured Creditors of FTX to contest the agreement. Troubled cryptocurrency exchange...
Bitcoin News / Bitcoinist - 8 months ago
Bittrex Global, a major player in the crypto space, finds itself charting new waters following a settlement with the US Securities and Exchange Commission (SEC). With regulatory pressures intensifying in the United States, the crypto industry has bee...
Cryptocoins News / The Cointelegraph - 8 months ago
The settlement was reached in July and, if the customers agree, it will go before the court for approval in October. Bankrupt crypto lender Celsius can start sending o...
Cryptocoins News / Finance Magnates - 8 months ago
The bankrupt cryptocurrency exchange, Bittrex has agreed
to pay the Securities and Exchange Commission (SEC) a fine of USD $24 million.
The settlement is related to allegations that the cryptocurrency
exchange offered unregistered securities to inves...
Cryptocoins News / The Cointelegraph - 8 months ago
The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global. The Unit...
Bitcoin News / Bitcoinist - 8 months ago
Ripple, the revolutionary blockchain-based payment solutions provider, has achieved a significant milestone by becoming an official member of the “cross-border payments interoperability and extension taskforce” within the prestigious Bank...
Cryptocoins News / The Cointelegraph - 8 months ago
The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action. Amid the approaching d...
Cryptocoins News / Blockchain - 8 months ago
The EOS Network Foundation urges the EOS community to reject a $22M settlement with Block.one over an ongoing class action, citing inadequate compensation. (Read More)
Bitcoin News / Bitcoin.com - 9 months ago
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina is likely to settle part of a payment to the International Monetary Fund (IMF) using the Chinese yu...
Bitcoin News / Bitcoin.com - 9 months ago
Economy Minister Marcelo Montenegro acknowledged that the Bolivian Central Bank is harnessing the Chinese yuan in its commercial settlements. The switch to using the Chinese currency has to do with the dollar scarcity that the country is facing, havi...
Bitcoin News / Bitcoinist - 9 months ago
Blockchain security firm Quantstamp has settled with the U.S. Securities and Exchange Commission (SEC) over charges related to an unauthorized initial coin offering (ICO) that raised $28 million in 2017.
The SEC filed charges against the San Francisc...
Cryptocoins News / CoinJournal - 9 months ago
Celsius could return & customer assets by the end of the year after parties resollved two key bankruptcy issues.
CEL price rose more than 12% to $0.18 before paring gains.
The price of Celsius Network token CEL was up by more than 12% on Saturd...
Cryptocoins News / The Cointelegraph - 9 months ago
Bankrupted crypto lender Celsius Network reached two settlements that may allow the return of assets to customers and end its bankruptcy proceedings. Bankrupted crypto...
Bitcoin News / Bitcoinist - 9 months ago
In the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), District Judge Analisa Torres has referred the case to Magistrate Judge Sarah Netburn for General Pretrial, including the crucial aspects of schedu...
Cryptocoins News / CoinJournal - 9 months ago
US Judge Analisa Torres referred Ripple vs. SEC case to Magistrate Judge Sarah Netburn.
Last week’s ruling was that XRP was not a security.
The Ripple vs. SEC case continues but Judge Netburn has suggested both Ripple and SEC can agree to poss...