FTX, a bankrupt crypto exchange, has filed a request with the bankruptcy court in Delaware to sell key trust funds worth $744 million. These funds include assets from Grayscale, a crypto asset manager, and Bitwise, a custody service provider. The purpose of the sale is to prepare for forthcoming distributions to creditors. The trust assets, […]
DZ Bank AG, one of Germany’s largest banks, has launched its own digital assets custody platform using blockchain technology. The platform will cater to institutional clients, offering them crypto securities such as the crypto bond from Siemens. DZ Bank believes that distributed ledger technology (DLT) will play a significant role in the capital market business […]
The mortgage reference interest rate in Switzerland has recently increased from 1.25% to 1.5%. This could potentially result in higher rental prices for tenants. Landlords now have the right to increase rents for existing rental agreements that were based on the previous reference rate. It is expected that a majority of landlords will take advantage […]
A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
China’s government is reportedly holding a significant amount of Bitcoin (BTC) in its national treasury. According to Ki Young Ju, the CEO of CryptoQuant, China seized 194,000 BTC from the PlusToken scam in 2019, making it one of the largest BTC whales. This move is surprising considering China’s anti-crypto stance. However, Ki suggests that owning […]
Michael J. Saylor, co-founder of Microstrategy, has expressed his belief that Bitcoin could be the solution to Lebanon’s financial crisis. The country’s currency has lost a staggering 96% of its value against the US Dollar, leading to anarchy and hyperinflation. Saylor claims that commercial banks have failed Lebanon, and digital assets like Bitcoin offer a […]
Former FTX CEO Sam Bankman-Fried has been found guilty of fraud and conspiracy to commit fraud. The jury delivered its verdict quickly after a short deliberation. Throughout the trial, questions arose about how this situation could have been prevented and what can be done to avoid similar incidents in the future. Some argue that existing […]
Ripple’s legal battle with the US Securities and Exchange Commission (SEC) is nearing its end, with a settlement on the horizon. The SEC filed a lawsuit against Ripple Labs in 2020, claiming that its XRP token is an unregistered security. While Ripple secured a partial victory in court, the case is still ongoing as the […]
Cryptocurrency exchange Bitfinex recently experienced a phishing attack on one of its customer support representatives. However, the attack was unsuccessful, as the targeted agent had limited access to valuable information. Bitfinex reassured its users that none of their data or assets were compromised, and the exchange’s operational systems remained unaffected. While Bitfinex has reported the […]
Prominent cryptocurrency attorney John E. Deaton has provided insights into the ongoing lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC) regarding the digital currency XRP. Deaton believes that a settlement valued at $20 million or less would be a significant legal victory for Ripple. He refutes the notion that the lawsuit’s outcome […]
