Court Approves Genesis and FTX $175 Million Settlement Deal Despite Outrage from Creditors
12.10.2023
A United States court has approved the settlement terms of bankrupt digital asset lender, Genesis and FTX's sister company, Alameda Research.
A Court filing on Oct 11 shows judicial accent cloaked the agreement which was entered by both companies in the course of the bankruptcy...
Kraken Co-Founder Criticizes Venture Capitalists for Enabling Fraud at FTX
12.10.2023
In an X social media post on Wednesday, Jesse Powell, the co-founder of Kraken, criticized venture capital firms for their role in what he described as "obvious fraud" at FTX, led by Sam Bankman-Fried (SBF).
Powell's comments come amid ongoing legal proceedings against SBF in New York....
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Trezor Unveils New Hardware Wallets, Corrosion-Resistant 'Keep Metal' for Recovery
12.10.2023
Trezor has produced a hardware wallet with a stripped-back design to appeal to less experienced crypto users, alongside two other new products
Stablecoin-Issuer Circle Pushes for USDC Adoption in the Philippines – What's Going On?
12.10.2023
Stablecoin issuer Circle has teamed up with Coins.ph, a major Philippine crypto exchange and crypto wallet provider, to enhance financial inclusion and improve remittances in the Philippines.
According to an announcement published by Circle on Wednesday, the partnership aims to raise awareness...
US Inflation Rises Beyond Projections: Markets Jittery, Rate Hike in Question
12.10.2023
In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3% to 4.1%, market pundits anticipate that the U.S. Federal...
Biggest Movers: XRP Losing Streak Extended to a 6th Day
12.10.2023
XRP has been one of the week’s most notable movers, with price moving lower for six straight days. The latest decline comes as the global cryptocurrency market cap fell by over 1% in today’s session. Solana also slipped, nearing a floor of $21.00 in the process. XRP XRP, formerly...
Trader swaps 131k stablecoins for $0 during USDR depeg
12.10.2023
An attempt to withdraw USDR stablecoins amid a liquidity crunch appears to have gone horribly wrong
Crypto for Advisors: Advisors Pivot to On-Chain Support
12.10.2023
How can advisors support client interest in digital assets? Thanks to Miguel Kudry from L1 Advisors for taking us through examples in today’s Crypto for Advisors newsletter
Did SBF really use FTX traders' Bitcoin to keep BTC price under $20K?
12.10.2023
Bitcoin sales by FTX come to light as part of the SBF trial, as one prediction suggests that they stopped the BTC price from hitting $100,000
Mastercard announces successful wrapped CBDC trial results
12.10.2023
The experiment demonstrated that CBDCs could be wrapped to purchase NFTs on blockchains such as Ethereum
Coinbase Trading Volume Plunges 52% to $76 Billion, Marks Lowest Quarter After Public Listing
12.10.2023
Coinbase, the largest cryptocurrency exchange by volume in the United States, recorded a significant decline in spot trading volumes as the crypto bear season drags on.
On Oct 11 Bloomberg reported that the low figures posted by the popular exchange in the last quarter could be its lowest in...
FTX hacker moves $120M amid Sam Bankman-Fried trial: Report
12.10.2023
Blockchain analytics firm Elliptic didn’t rule out the possibility of the $477 million hack being an FTX inside job