BlockFi, a crypto lender, has announced that it has emerged from bankruptcy and is now ready to recover assets and repay creditors. The company had filed for bankruptcy protection in November 2022 due to the plummeting crypto prices and insolvencies in the industry. However, with the approval of its restructuring plan by a New Jersey […]
BlockFi, a cryptocurrency lending platform, has announced that it has emerged from bankruptcy and will now proceed with its bankruptcy plan. The company will continue to distribute client assets and allow wallet customers to request withdrawals until December 31. In early 2024, BlockFi plans to enable withdrawals for BlockFi Interest Account (BIA) and Retail Loan […]
The World Bank has made history by issuing a 100 million euros ($105 million) digital bond on Euroclear’s blockchain-based securities issuance platform. This move marks the first use of Euroclear’s Digital Securities Issuance (D-SI) service, which allows for the issuance, distribution, and settlement of tokenized securities on the blockchain. The two-year bond, listed on the […]
Republican members of the United States House of Representatives have selected Tom Emmer as their nominee for the next Speaker. This decision comes after previous candidates, Jim Jordan and Steve Scalise, were unable to secure enough votes. The Speaker seat has been vacant since October 3, when Kevin McCarthy was removed from the position. In […]
Euroclear, a leading securities settlement house, has launched a digital securities issuance service and successfully settled a 100-million-euro digital bond issued by the World Bank. This marks the first step in Euroclear’s digital infrastructure strategy. The three-year bond, known as a digitally native note, was issued by the International Bank for Reconstruction and Development, a […]
In a significant bankruptcy settlement, non-U.S. creditors of the defunct FTX.com exchange may recover up to 90 percent of their assets. Legal battles have brought attention to alleged mismanagement of customer assets by FTX, with a focus on reaching a speedy settlement for asset return. Legal representatives are working on behalf of non-U.S. creditors to […]
Standard Chartered Bank (Hong Kong) has successfully completed an extensive offline payments trial for Hong Kong’s central bank digital currency (CBDC), e-HKD. The trial focused on ensuring inclusiveness, security, and reliability of transactions, particularly in regions with unreliable internet access. Over several months, the trial involved 200 individuals and over ten merchants, who made transactions […]
In a significant development, Ripple executives Brad Garlinghouse and Chris Larsen have emerged victorious in their legal battle against the U.S. Securities and Exchange Commission (SEC). On Monday, October 23, 2023, U.S. District Judge Analisa Torres dismissed the SEC’s case against them, putting an end to the charges. The dismissal was marked with prejudice, which […]
Marinade Finance, a leading decentralized finance (DeFi) protocol on the Solana blockchain, has halted its services for users in the United Kingdom due to compliance concerns with the UK Financial Conduct Authority (FCA). UK users attempting to access the platform were met with a block page citing FCA regulations. However, the protocol has allowed UK-based […]
Marinade Finance, a decentralized finance (DeFi) protocol on the Solana blockchain, has reportedly blocked users from the United Kingdom. The issue was discovered by U.K. customers on October 23rd when they tried to access Marinade’s website. The block page displayed a message stating that access to the site is unavailable in the U.K. due to […]
