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Celsius Network Seeks Final Court Approval to Begin Customer Repayments by Year-End

3.10.2023
During an October 2 hearing regarding the approval of its reorganization plan, the bankrupt crypto lender, Celsius Network, informed a judge of its intention to initiate repayments to its customers by the end of the year.... Read More: Celsius Network Seeks Final Court Approval to Begin Customer...

Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus

2.10.2023
Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners...

Blockfi Bankruptcy Plan Confirmed, Paving Way for Client Distributions

1.10.2023
Crypto lender Blockfi is moving closer to returning funds to clients after a bankruptcy judge confirmed its Chapter 11 plan on Tuesday. The plan outlines a process for the company to distribute the remaining assets to clients and attempt to recover additional funds. Blockfi Advances on Client Asset...

Ripple Cancels Plan to Buy Fortress Trust

28.9.2023
"While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future," said CEO Brad Garlinghouse

Bored Ape Yacht Club Announces Collaboration With Iconic Japanese Streetwear Brand Bape

27.9.2023
According to Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), the team has partnered with the popular Japanese fashion brand A Bathing Ape, commonly known as Bape. They plan to unveil a new “irreverent collection” together at Apefest in Hong Kong this November. BAYC Partners With...

Crypto lender BlockFi gets court nod to repay customers

27.9.2023
The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment

SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers

26.9.2023
On Monday, September 25, the United States Securities and Exchange Commission (SEC) opposed the crypto firm Celsius Network's proposal to involve Coinbase as part of its bankruptcy and reorganization plan. Last week, in the Friday lawsuit, Celsius stated its plans to use Coinbase to distribute...

Crypto Exchange Gemini Unveils $24 Million Investment Plan to Expand Presence in India

26.9.2023
Crypto exchange Gemini has unveiled plans to significantly expand its presence in India by investing INR 200 crore (approximately $24 million USD) over the next two years. The move comes as Gemini inaugurates its office within the Cyber Hub at Campus Cyber Greens in Gurgaon. Currently, Gemini...

Celsius' Bankruptcy Nears End as Creditors Approve Reorganization Plan

26.9.2023
Bankrupt crypto lender Celsius' creditors have voted to approve a plan that would return 67%-85% of holdings back to them

Celsius Creditors Vote in Favor of Crypto Repayment and Equity Distribution Plan

26.9.2023
Creditors in the Celsius bankruptcy case have voted in favor of a comprehensive plan, paving the way for the return of funds and the equitable distribution of assets through the establishment of a new entity. As per September 25th filing by the bankruptcy firm Stretto, the majority of creditor...

Celsius creditors vote in favor of reorganization plan

26.9.2023
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors

SEC raises concerns over Coinbase in objection to Celsius restructuring plan

25.9.2023
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC's reasoning in its Sept. 22 objection

Coinbase Sought to Buy FTX Europe for Its Derivatives Business, Report

24.9.2023
Leading U.S. crypto exchange Coinbase pursued the acquisition of failed coin trading competitor FTX’s European subsidiary, a media report revealed. The move has been seen as proof of the growing importance of derivatives for the American platform’s plan to expand business globally....

CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress

22.9.2023
Regulators said the plans weren't in the public interest, after a court squabble involving rival service PredictIt

JPEX Floats "DAO Stakeholder Dividend Plan" for Users as Authorities Block Access to Exchange

21.9.2023
In response to the ongoing HK$1.3 billion scandal in which Hong Kong police have asked telecom service providers to block access to JPEX's website, resulting in the arrest of three additional individuals suspected of conspiracy, JPEX has put forth a new dividend plan for its investors.... Read...

Report: Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm

21.9.2023
The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”...