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BlockFi Seeks Court Approval to Convert Users’ “Trade-Only” Wallet Assets to Withdrawable Stablecoins
30.8.2023
Bankrupt crypto lender BlockFi has filed a motion for order in the US bankruptcy court for the District of New Jersey, seeking permission to convert "trade-only" wallet assets into stablecoins, “that wallet users could then withdraw.”
According to the proposal, these assets comprise less than...
Biggest Movers: Bitcoin Cash Back Above $200, TON Surges 16% Higher
30.8.2023
Bitcoin cash (BCH) was one of Wednesday’s biggest gainers, as markets remained jubilant following the Grayscale court ruling. Following a recent streak of consolidation, the global crypto market cap rose by as much as 4% on the news. toncoin (TON) also surged, climbing nearly 16% higher....
Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial
30.8.2023
Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense...
Genesis lenders call DCG agreement ‘wholly insufficient’
30.8.2023
The agreement in-principle reached by DCG and creditors also said that the Ad Hoc Group and Gemini did not support the deal
Bitcoin, Ethereum Technical Analysis: BTC Jumps Above $28,000, as Markets Remain Buoyed by Grayscale Court Win
30.8.2023
Bitcoin climbed over the $28,000 level late on Tuesday, as markets reacted to the news that Grayscale had won its battle with the SEC. The ruling over the U.S. Securities and Exchanges Commission boosted crypto prices across the board, with bulls returning to action. Ethereum also surged, moving...
First Mover Americas: Bitcoin Rallies on Grayscale Court Win Over SEC
30.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
DOJ Asks Court to Reject Bankman-Fried's Planned Defense, Labeling it "Irrelevant"
30.8.2023
The US Department of Justice has asked a court to reject Sam Bankman-Fried’s planned defense to blame a law firm for the FTX fraud.
In a Tuesday legal filing, the DOJ said Bankman-Fried’s defense, which argues that the disgraced crypto boss acted on the advice of previous counsel in regard to...
BlockFi asks court for permission to convert trade-only assets into stablecoins
30.8.2023
The bankrupt crypto lender's request marks another step toward the return of users' funds, a process that the company began in August
Grayscale Victory Against SEC Clears Path for Spot Bitcoin ETFs: Bernstein
30.8.2023
The ruling increases the likelihood the SEC might approve all bitcoin spot ETF applications together, the report said
SEC’s Grayscale Court Rout Puts Agency in Will-They, Won’t-They Role Starring Gensler
29.8.2023
The crypto industry’s campaign to set up exchange-traded funds (ETFs) has now pushed the U.S. Securities and Exchange Commission against a wall with Grayscale Investments’ consequential court win, but it’s still up to the agency to decide whether to retreat or keep fighting
FTX Founder’s Expert Witnesses Face Exclusion in Fraud Trial
29.8.2023
The U.S. Department of Justice filed a motion on Monday seeking to bar all seven of Sam Bankman-Fried’s proposed expert witnesses from testifying in the former FTX CEO’s upcoming fraud trial. Federal prosecutors cited issues with the witnesses’ reliability and accused them...
Grayscale wins the court battle, but what does this mean for a spot Bitcoin ETF?
29.8.2023
The SEC may have a limited window to appeal the court decision, while Grayscale could forward forward with an amended application for its spot Bitcoin exchange-traded fund
Court Rules in Favor of Grayscale Against SEC in Bitcoin ETF Conversion Lawsuit
29.8.2023
A D.C. court has ruled in favor of Grayscale, the largest crypto asset manager, in its lawsuit challenging the U.S. Securities and Exchange Commission’s decision to deny the conversion of GBTC to a spot bitcoin exchange-traded fund (ETF). The securities regulator “failed to explain its different...
Biggest Movers: BNB Jumps 5% Higher, as Grayscale Wins Battle With SEC
29.8.2023
BNB surged this afternoon, as markets reacted to the news a court in the United States was siding with Grayscale in its case with the Securities and Exchange Commission (SEC). The court said the SEC was wrong to deny Grayscale permission to migrate its bitcoin product into an ETF. Toncoin also...
Sealing docs in Binance case could suggest a criminal probe, says former SEC official
29.8.2023
According to John Reed Stark, the U.S. Justice Department may intend to indict or already indicted Binance, suggesting a motion in civil court was aimed at keeping this secret
Today in Crypto: Regulator Allows Belgians to Use Binance Poland, US SEC Says an Issuer’s NFTs are Securities and Orders It to Compensate Investors, LimeWire Launches 'World's 1st Blockchain-Based AI Creator Studio on Polygon'
29.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Regulator Allows Belgians to Use Binance Poland, US SEC Says an Issuer’s NFTs are Securities and Orders...
SEC's Secret Binance Court Filing Has Observers Bracing for Bad News
29.8.2023
A new secret court filing related to Binance, the crypto exchange that already faces U.S. accusations of abetting money laundering and sanctions circumvention, has some wondering whether more bad news is about to hit the industry giant
SEC Must Review Grayscale's ETF Bid After Previous Rejection, Appeals Court Rules
29.8.2023
A federal appeals court ordered the SEC to "vacate" its rejection of the trust issuer's bid to convert the Grayscale Bitcoin Trust into an exchange-traded fund
DoJ wants to bar SBF’s expert witnesses from testifying in court
29.8.2023
In a new motion submitted to New York courts, the U.S. Department of Justice wants to exclude all of Sam Bankman Fried’s expert witnesses from testifying on the case
DCG agrees deal with Genesis that would see recoveries of up to 90%
29.8.2023
The estimated USD equivalent recoveries could account for 70% to 90% for Genesis creditors, should the amended plan be carried out