Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May
Cboe Global Markets was granted permission to provide margin Bitcoin and Ether futures contracts to its cryptocurrency customers on Monday, June 5. When it comes to Bitcoin futures contracts, Cboe was an early adopter. To provide both physically settled and financially settled margined products beginning in the second part of
Changpeng Zhou, the CEO of the world’s largest cryptocurrency exchange, Binance, made a statement in 2021. He expressed his willingness to step down as the company aims to become a regulated financial institution. Since then, there has been much speculation about his potential replacement. However, this statement remained without further
After hearing reports of insolvency, centralized cryptocurrency exchange Gate.io has threatened legal action. Since May, members of the crypto community have speculated that the problematic cross-chain protocol Multichain may be related to Gate.io. The exchange tweeted in Turkish (translated): “Legal proceedings will be initiated against people who cause panic among
The contribution of $550,000 to the Metropolitan Museum of Art from the cryptocurrency exchange FTX will be returned after the exchange’s failure in November. In a filing with the United States Bankruptcy Court in Delaware on June 2, the New York-based museum reaffirmed its plan to reimburse the monies to
Uniswap Labs CEO and protocol developer Hayden Adams recently went to Twitter to express his dismay over the presence of a fake Uniswap website. Adams tweeted his astonishment at the hoax’s level of complexity, noting the effort and time that went into its creation. He continued by saying that the
To better serve its customers, Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has obtained a payment institution license from the country’s central bank. Mercado Bitcoin now has the legal authority to provide its MB Pay fintech solution, which will include a crypto payments card and other digital banking features. The Central
Binance CEO Changpeng Zhao (CZ) recently had a “ask me anything” session in which he answered questions about his day, the future of Web3 in Dubai, and Binance’s plans. Binance, the largest cryptocurrency exchange in the world, has no interest in or plans to enter the cryptocurrency mining industry. The
On Thursday, Coinbase, the largest cryptocurrency exchange in the United States, said that on June 5 it will begin offering futures contracts for Bitcoin (BTC) and Ethereum (ETH) on its derivatives exchange, which is regulated by the Commodity Futures Trading Commission. It was also noted that institutional investors would have
The next-generation cryptocurrency exchange MaskEX is on a recruiting rampage to support its ambitious aspirations for international development, notably in the MENA, CIS, and SEA areas. Before the end of Q3, the business plans to increase its worldwide workforce by an outstanding 300%, going from its present headcount of 100
