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Court Freezes 3AC Co-Founders’ Assets Worth $1.14 Billion


Source: Adobe/Christophe Fouquin A British Virgin Islands court has issued an order freezing approximately $1.14 billion in assets belonging to the co-founders of Three Arrows Capital (3AC). According to Teneo, the firm’s liquidator, the court order prohibits co-founders Su Zhu and Kyle...

Layer3 P2P Clearing Network Yellow Launches Incentivized Testnet


Peer-to-peer Layer3 Yellow Network has announced it is launching a beta version of its testnet, along with an exclusive incentive program. Yellow will carry out a selection program to identify testers eligible to participate in network activities in return for rewards. Following this closed beta...

Phantom Wallet Introduces Trading for Bitcoin, Ordinals, and BRC-20 Tokens


Source: DALL·E Multichain cryptocurrency wallet Phantom has broadened its services, introducing support for Bitcoin, Ordinals, and BRC-20 tokens. According to a blog post, Phantom has launched the new features in a current beta phase, allowing users to opt-in for trading and transferring these...

Supply of Stablecoins on Ethereum Protocol 30% Lower Than in 2022 — Study


The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $139 billion to $129.5 billion. Tron Stablecoin Supply...

Bitcoin Price Prediction: ETF Approval Spurs Jump to $43,500


In a significant market shift, Bitcoin has soared to $43,500, marking an impressive 2.50% increase. This surge is largely attributed to the persuasive impact of spot Bitcoin ETF filings, which, even before official approvals, have intensified marketing campaigns within the crypto sector....

US Court Finalizes Forfeiture of 69,370 Bitcoin from Silk Road


Source: DALL·E A U.S. appeals court has completed a legal process finalizing the seizure of 69,370 Bitcoin from the Silk Road, the now defunct dark web marketplace. According to a court filing, the U.S. District Court of Appeals for the Ninth Circuit confirmed the transfer of the Bitcoin to federal...

Chinese Bank Seals First-ever Cross-border CBDC-powered Precious Metals Deal


Source: pla2na/Adobe The Bank of China has completed the world’s first cross-border CBDC-powered precious metals deal – a gold transaction worth some $14.1 million. Per the Shanghai Securities News and the China Securities Network, the deal involved the Shanghai Branch of the Bank of China,...

Grant Thornton: Family Offices Are Warming Up to Blockchain and Crypto


A report issued by Grant Thornton, a professional services network, has revealed that family offices are eyeing crypto and blockchain to increase their investments in these areas. More than half of the family offices consulted have already invested in digital assets, with 38% allocating less than...

Putin Green-lights Russian Digital Ruble Tax Law


Source: chase4concept/Adobe Russian President Vladimir Putin has signed off on a law that will see the digital ruble incorporated into the nation’s tax code. Per Telesputnik, the new law sees terms like “digital ruble” and “digital ruble wallet” added to the code. The law also allows bailiffs...

Best Crypto to Buy Today December 20 – Near, Stacks, Sei


Technical indicators and developments point to Near Protocol, Stacks, Sei Network, Sponge V2, and Bitcoin Minetrix as strong options for the best crypto to buy today. Image by cryptonews.com. Stacks’ near 30% STX price increase so far today has captured the attention of market observers,...

Rollups On Bitcoin? BOB Launches Public Testnet For Scaling BTC


Bitcoin (BTC) layer 2 startup ‘Build on Bitcoin’ (BOB) has announced the launch of its public testnet, which intends to imbue the premiere crypto network with the functionality of Ethereum (ETH), its most popular rival. The protocol is designed as a one-click bridge to Ethereum’s DeFi ecosystem...

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