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New York judge nods $12.7B settlement between FTX, Alameda and CFTC
8.8.2024
United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid back to FTX creditors
Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings
6.8.2024
Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges, including the impairment of its Flowbank investment...
‘Yen Carry Trade’ Blamed for Global Market Rout, Jump Crypto’s ETH Sale Worsens Ether Plunge
5.8.2024
The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock markets and top cryptocurrencies like bitcoin and ethereum plunging by double-digit figures. Some experts cite the disappointing U.S. jobs data and Mt Gox-related selling...
Bankrupt crypto firm Genesis completes restructuring
2.8.2024
In a January open letter, Gemini co-founder Cameron Winklevoss accused entities related to Genesis of inflating their assets
Bitstamp to Start Distributing Mt. Gox Proceeds on Thursday.
24.7.2024
Customers of the defunct crypto exchange lost their funds in a 2014 hack
Kraken finishes Mt. Gox Bitcoin distribution, but creditors aren’t selling BTC
24.7.2024
Mt. Gox creditors aren't selling their Bitcoin, despite preliminary concerns that 99% of them could be looking to offload BTC
Mt. Gox Moves $3B Bitcoin to New Wallet, $130M to Bitstamp Exchange
24.7.2024
The defunct exchange has moved billions of dollars worth of bitcoin over two days
Elon Musk tweets, “America is going bankrupt,” Can Bitcoin Save America from Bankruptcy?
23.7.2024
Elon Musk’s controversial tweet ignited fierce discussion about America’s economic trajectory. The renowned entrepreneur and head of Tesla and SpaceX declared, “America is going bankrupt,” sparking widespread speculation regarding the future of the U.S. economy. Musk...
BlockFi Administrator Submits Plan in Court to Make Customers Whole
23.7.2024
"This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc
Blockfi to Begin Interim Crypto Distributions via Coinbase This Month
19.7.2024
Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in November 2022, is now collaborating with Coinbase...
Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens
19.7.2024
These developments indicate TFL’s proactive efforts to tackle Terra's challenges and restore trust and stability within the Terra ecosystem
BlockFi to Start Interim Crypto Distributions Through Coinbase This Month
18.7.2024
Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase in July 2024, it announced on Thursday
FTX and CFTC agree to $12.7B settlement, subject to court approval
17.7.2024
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors
FTX and CFTC agree to $12.7B settlement, subject to court approval
17.7.2024
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors
Chicken Soup For The Soul Kills Redbox
11.7.2024
Redbox is not long for this world. The DVD rental service’s parent company—Chicken Soup for the Soul Entertainment—has shifted its bankruptcy filing from Chapter 11 to Chapter 7 and is liquidating its businesses and assets.Read more
Terraform Labs to sell 4 companies as part of wind-down
11.7.2024
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal
Bitcoin bulls refuse to flip bearish despite the $53,300 retest
8.7.2024
BTC derivatives continue to show moderate bullishness, creating a positive outlook for reclaiming $60,000 soon
Cash or crypto? FTX creditors to vote on how they're paid back
26.6.2024
FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan
Celsius small business creditors demand reimbursement after 35% cut in claims
25.6.2024
Two Celsius creditors have filed a motion asking for a second distribution after they allegedly suffered reduced payments from possessing corporate accounts
Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait
24.6.2024
On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start...