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The “OG” institutional Bitcoin investment vehicle seems to have gained value as a result of BlackRock’s Bitcoin aspirations. According to data compiled by tracking platform CoinGlass, the Grayscale Bitcoin Trust (GBTC) came dangerously close to new all-time highs on June 17. Late last week, when word spread that the biggest
Earlier Today, Machi Big Brother (known as Jeffrey Huang), a web3 pseudonym filed a lawsuit against ZachXBT (known for Zachary), an internet on-chain sleuth. The reason for the lawsuit is defamation in an article written by Zachary on June 2022. However, the lawsuit claimed from the U.S. District Court for
In a notable shift, Binance has opted to delist PEPE as a borrowable asset. Consequently, this change in Binance’s Flexible Loan offerings signals an intriguing shift in the platform’s asset management strategy. As per Binance’s announcement, this strategic decision will culminate on June 21, 2023, at 08:00 (UTC). Hence, users
As per the Reuters, it is said the United States Securities and Exchange Commission (U.S. SEC) has refused the crypto breakdown criticism and condemned the securities laws which are breached, on Friday. In New York, Gubir Grewal, the chief director of SEC enforcement stated that this criticism is imposed as
The FTX crypto exchange has severe charges due to the bankruptcy faced. As per the court filing, the federal prosecutors are processing to withdraw the charges imposed on FTX and the founder, Sam Bankman Fried. According to the court report, over 13 accusations against Bankman Fried were filed. Furthermore, Bankman
CoinEx, the Hong Kong-based crypto exchange, has been banned from operating in New York by Attorney General Letitia James. NYAG mentioned that the crypto exchange has failed to register as a broker-dealer. So the authorities shut down the crypto exchange. 🚨There are serious consequences for ignoring New York laws. As
Nearly a year after filing for Chapter 11 bankruptcy, cryptocurrency brokerage Voyager Digital is getting ready to restore its app and enable users to finally withdraw their funds. In a court filing dated June 14, Paul Hage, administrator of Voyager’s bankruptcy plan, stated that the withdrawal period would begin between
Floating Point Group, a crypto brokerage firm, reported on June 12 that it has suspended trading, withdrawals, and deposits after a hack on June 11. The entire loss from the assault, according to FPG’s estimations, is between $15 and $20 million. Moreover, after identifying the security compromise, FPG reportedly locked
According to those acquainted with the case, the Montenegro High Court has granted bail to Terra co-founder Do Kwon and former CFO Han Chang-joon. The High Court judge who oversaw the probe also determined that South Korean nationals who were being held for possible extradition to South Korea would stay
The Colombian Central Bank, Banco de la Republica, and the blockchain payments startup Ripple Labs Inc have signed a strategic cooperation agreement to research the potential applications of blockchain technology in the realm of Central Bank Digital Currency (CBDC). Peersyst Technology, a specialist blockchain technology startup, and the Ministry of
