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Dollarization Can Lead to ‘Economic Contraction and Collapse’ of Argentine Economy — Former US Treasury Official
20.8.2023
The U.S. chairperson of the Official Monetary and Financial Institutions Forum (OMFIF) has characterized the Argentinian presidential hopeful’s plan to fully dollarize the economy as “a far too risky gamble.” Mark Sobel said full dollarization without an exit policy “could...
Ethereum Gears Up for ‘Holesky’ Testnet Launch With 1.6 Billion Testnet Ether
19.8.2023
Ethereum developers plan to roll out a new testnet named Holesky, intending to bring 1.6 billion Holesky testnet ether to the network. The core devs of Ethereum highlighted that 1.4 million validators were evaluated for Holesky, with the aim of enhancing the blockchain’s comprehensive...
Celsius Sends Bankruptcy Restructuring Plan To Creditors Vote After Court’s Approval
18.8.2023
Bankrupt crypto lender Celsius is set to hold a vote on a plan to sell its asset to Fahrenheit Group following the approval by a judge as the proceeding winds down.
Celsius will send its creditors ballots to vote on the proposal between Aug 24 and Sept 22 and if approved, creditors could receive...
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
18.8.2023
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings
Blockchain Startup Nova Labs Introduces Affordable $5 Phone Plan – Crypto Adoption on the Rise?
16.8.2023
Blockchain startup Nova Labs has announced the launch of a new phone plan that offers users unlimited text, talk, and data at just $5 per month.
In a Tuesday press release, Nova Labs said that the plan will initially be available only to residents of Miami or those who have received an invitation...
Libertarian Javier Milei Wins Argentine Primaries: Experts Weigh In on Dollarization as the Peso Fades
15.8.2023
Javier Milei, a libertarian politician, won the Argentine primaries with more than 30% of the total vote, causing experts to weigh in on the dollarization plans he has vowed to apply. Milei’s government plan contemplates reducing the political apparatus in Argentina and axing the central...
Base project RocketSwap shares emergency plan following $865K exploit
15.8.2023
RocketSwap Labs plans on reaching out to the exploiter on-chain, who stole an estimated $865,000 from the protocol on Aug. 14
Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay
14.8.2023
The settlement was reached in July and, if the customers agree, it will go before the court for approval in October
Swiss City of Lugano and Tether's Plan ₿ Summer School Achieves Second-Year Milestone
10.8.2023
From bill-splitting apps to solutions for urban parking, the Swiss City of Lugano and Tether's second annual Plan ₿ Summer School showcased the transformative potential of blockchain over the past 10 days. The event, which wrapped up yesterday, saw around 80 students from 28 countries dive deep...
SEC use of Terraform ruling hints Coinbase dismissal motion attack plan
10.8.2023
The SEC claims a court ruling gives it authority over crypto, setting up a possible counter-argument in dismissal motions brought against it
Core Scientific's bankruptcy plan includes equity stake for Bitmain and Anchorage
8.8.2023
If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan
8.8.2023
The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings
Crypto Exchange Bitstamp to Expand Operations with New Fundraising Plan
8.8.2023
Bitstamp, an early crypto exchange founded in 2011, is reportedly planning fresh fundraising “through strategic investors” to gear up the exchange’s growth and operations.
Speaking to Bloomberg, Jean-Baptiste Graftieaux, CEO of Bitstamp said that the exchange is “not for sale.” He said that...
FTX has a plan, but creditors are not impressed: Law Decoded
7.8.2023
A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan
BlockFi's Chapter 11 plan progresses with conditional court approval
3.8.2023
Once the bankruptcy plan receives approval, the lender said it intends to concentrate its efforts on recovering funds from several other defunct firms
FTX Proposes Rebooting Exchange for Offshore Customers in Bankruptcy Plan, FTT Token Holders Left Empty-Handed
2.8.2023
The bankrupt crypto exchange FTX’s new management has proposed to reboot the exchange for offshore customers only, but holders of the FTT token would not benefit from the plan.
In a recent filing, FTX’s management proposed to group the various creditors into different classes as a way for them...
FTX creditors unimpressed with exchange's bankruptcy exit plan
2.8.2023
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy
FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership
2.8.2023
On July 31st, under its new CEO, John J. Ray III, the bankrupt cryptocurrency exchange FTX Trading Ltd. submitted a draft plan to "reboot" the collapsed crypto exchange.
The proposal was unveiled on Monday, presenting FTX.com claimants with the option to hold equity securities, tokens, or other...
FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
1.8.2023
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed...
FTX.com releases restructuring plan, hints at rebooted offshore exchange
1.8.2023
Reams of dockets from FTX.com have been filed alongside a proposed reorganization plan which could see FTX resurrected as an offshore exchange