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Bankrupt Crypto Lender Genesis Seeks Court Help to Reduce Settlement Payout to 3AC

10.11.2023
Source: Pexels Digital Currency Group’s (DCG) subsidiary Genesis Global is seeking approval from the US court to revise its settlement agreement with the bankrupt Three Arrows Capital Ltd (3AC). According to a document filed on November 9 with the US bankruptcy court of the Southern District...

Poloniex Hit by $114 Million Hot Wallet Heist; Justin Sun Pledges to Recover Funds

10.11.2023
Onchain data and reports have highlighted unusual outflows from cryptocurrency exchange Poloniex, prompting concerns of a possible hot wallet breach worth approximately $114 million. Justin Sun, the exchange’s proprietor and Tron’s creator, has stated that the incident is under...

China declares stealing digital collections like NFTs liable for criminal theft sentence

10.11.2023
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data

Bitcoin ETFs will drive institutional adoption in 2024 - Galaxy Digital’s Mike Novogratz

10.11.2023
Galaxy Digital founder and CEO Mike Novogratz says approving a Bitcoin spot ETF is not “a matter of if but when,” which will drive institutional investment in the sector

Nigeria and UK foundation launch Code Clubs for digital literacy

10.11.2023
Nigeria’s communication ministry said the Code Clubs will introduce young participants to coding and digital technology and encourage them to deploy creative problem-solving in their everyday lives

South Korea Joins Global Community for Crypto Asset Reporting Framework Push

10.11.2023
Source: Pexels South Korea has joined a group of 48 nations, calling for the promotion of an international framework for cryptocurrency reporting. In a significant move, South Korea confirmed its engagement on Friday to implement the international reporting framework on digital assets....

Circle Revamps Stablecoins USDC, EURC With Upgrade Focused on Gas and Security

10.11.2023
Circle has announced a new v2.2 upgrade for its usd coin and euro coin digital stablecoins. The changes aim to significantly reduce gas costs, enable new use cases, and bolster security. Circle Unveils 2.2 Upgrade for Stablecoin Suite Circle unveiled the latest upgrade in a blog post on Thursday...

Court Approves Celsius Network’s Bankruptcy Exit, Transition to Bitcoin Miner

10.11.2023
The U.S. Bankruptcy Court has approved Celsius Network LLC’s transition from a failed crypto lender to a Bitcoin mining business, setting the stage for the company to begin repaying its customers. Judge Martin Glenn confirmed the company’s plan to compensate its creditors using a mix of digital...

Roblox CEO 'dreams' of in-game cross-platform NFTs and digital objects

10.11.2023
Roblox founder and CEO David Baszucki expects top brands and celebrities to take charge and play a key role in making the "dream" of cross-platform NFT come true

UBS Allows Crypto ETF Trading for Select Hong Kong Clients

10.11.2023
Source: AdobeStock / lenscap50 UBS Group AG has joined rivals such as HSBC Holdings Plc, in extending an invitation to select clients in Hong Kong to trade specific crypto-linked exchange-traded funds (ETFs). The decision aligns with Hong Kong’s recent efforts to establish itself as...

Senator Introduces ‘Keep Your Coins Act’ to Protect Right to Use Self-Hosted Wallets

10.11.2023
The Keep Your Coins Act has been introduced in the Senate to allow individuals to maintain custody of their cryptocurrencies in self-hosted wallets. The bill also seeks to prohibit federal agencies from “proposing a rule that would impair a person’s ability to act as a self-custodian...

HSBC Announces Plans to Offer Digital Assets Custody Services for Institutions

10.11.2023
HSBC, the London-based financial institution, announced its plans to launch an institution-focused digital assets custody service in 2024. Zhu Kuang Lee, chief digital, data and innovation officer at HSBC, explained that the bank had experienced an increasing demand for these services from asset...

Frankfurt Stock Exchange to Look Into Digital Platforms for Expansion of Asset Classes

9.11.2023
The Frankfurt Stock Exchange has listed the creation of a digital asset platform making development areas of its “Horizon 2026” strategy. In a recent press release, Deutsche Borse, owner of the Frankfurt Stock Exchange gave an insight into its plans for growth, investment, and onboarding...

Cryptocurrency Adoption Skyrockets in South and Central Asia, Driven by Real-World Use Cases: Chainalysis

9.11.2023
Source: MyCreative/Adobe Cryptocurrency adoption is experiencing a significant surge in South and Central Asia, driven by the emergence of real-world use cases, according to blockchain intelligence firm Chainalysis. During a recent webinar discussing the Chainalysis 2023 Geography of Cryptocurrency...

Family Is Suing Makers Of Fortnite, Call Of Duty For Fostering Addiction

9.11.2023
Fans sue (or attempt to sue) video game companies all the time. Just this year a Star Wars: Knights of the Old Republic II fan sued remaster publisher Aspyr for not delivering its planned restored content DLC, but these situations are usually targeted at specific companies about an isolated issue....

Standard Chartered and SBI Holdings Collaborate on $100 Million Crypto Investment Venture

9.11.2023
Source: Pixabay SBI Holdings and Standard Chartered’s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups. In a statement released on Thursday, the two companies announced the launch of their Digital Asset...

SEC Chair Indicates FTX Revival, FTT Rallies

9.11.2023
U.S. Securities and Exchange Commission Chair Gary Gensler indicated a potential reboot of FTX during DC Fintech Week on Wednesday, prompting FTX’s digital token, FTT, to rally. Gensler’s comments were made when referring to the bid for FTX by former president of the New York Stock Exchange...