There has to be more clarity about crypto lending, according to the lawyer directing the United Kingdom’s Law Commission’s review of the application of British laws toward digital currencies. In an interview, Laura Burgoyne elaborated on those four key suggestions to the British government. The country’s legislative structures and their
Bitget has launched a Crypto Loans product to enter the cryptocurrency lending sector. The platform plans to provide a crypto-based alternative financing option, as said in a statement, in an effort to win over customers who are dissatisfied with traditional financial institutions. It utilizes a dual-coin strategy to streamline the
For the time being, Insolvent crypto lender BlockFi will be able to put off paying a $30 million penalty to the U.S. Securities and Exchange Commission. A $50 million settlement with the regulator was reached in February of 2022, and this is the remaining balance. Court documents filed on June
The insolvent U.S. branch of the cryptocurrency exchange Bittrex will reopen for withdrawals on Thursday. The decision comes after Delaware bankruptcy judge Brendan Shannon’s ruling on Tuesday. The ruling stated: The exchange can “permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from
BlockFi, a digital asset ledger obtained court permission on May 11, 2023. The permission includes giving back $297 million to users who are non-interest-bearing accounts and not to those who moved their payments just a minute ago. BlockFi has undergone bankruptcy last year and the founder credentials of the user
The week starts with a red note for the cryptocurrency market. Every asset listed in the crypto sphere is showing a red movement in its price as well as a market capitalization graph. Pioneers in the trade, Bitcoin (BTC) and Ethereum (ETH) are 2.45% and 1.86% down in the last
Most youngsters consume cryptocurrency’s latest update from TikTok. Credibility and authenticity of the video information are placed under the question mark. TikTok is the most popular video-streaming social platform for teens and young adults. Also, a fill-in encyclopedia among its audience is the crisp and short information videos. We can
Today, the United States Securities and Exchange Commission (U.S. SEC) has given the announcement of hiring General Attorneys in places like New York, San Francisco, and Washington. Under the Division of Enforcement, the position of General Attorney is currently available for Crypto Assets and Cyber Unit division. The Division of
Bitcoin crossed the $30,000 mark, putting an end to its three-week-long consolidation. This largest cryptocurrency recorded its 10-month-high at $30,430, which is the new high peak after a cascade of crashes in 2022 — from Terra Luna collapse, Celsius, and FTX to the recent US bank runs. This breakout is
The anticipation of Ethereum’s Shapella Upgrade – the simultaneous occurrence of Shanghai and Capella – in a week led to notable 24H price surges in ETH and altcoins related to DeFi staking. Remarkably, ETH crossed the $1,900 level and hit its 8-month-high of $1,920. It spurred the community’s hype to
