FTX collapse

Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’

March 20, 2024 Bitcoin.com

Bankruptcy Court

The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb. 28. According to an update, if the court approves the settlement, Genesis Earn users will receive all of their digital assets back in kind. The bankruptcy court is scheduled to consider Genesis’ request to approve […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

Deltec Bank Accused of Secretly Extending a $2 Billion Credit Line to Alameda Research

February 20, 2024 Bitcoin.com

Alameda Research

Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day grace period to Alameda Research for the settlement of purchased stablecoins. Misappropriation of […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

Snoop Dogg Sports Blinged-Out Crypto Hardware Wallet at Wrestlemania 39

April 7, 2023 Bitcoin.com

Bitcoin

Four days ago, the American rapper, entrepreneur, and owner of Death Row Records, Snoop Dogg, hosted WWE’s annual event, Wrestlemania 39, in Hollywood. The rap star was spotted wearing a gold and black diamond Ledger Nano X around his neck on a gold chain. Over the last year, Snoop has been one of several hip-hop […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’

February 20, 2023 Bitcoin.com

bitcoin.com

Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally,” the fund’s co-founder told investors. Crypto Hedge Fund Shuts Down Due to FTX […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

February 18, 2023 Bitcoin.com

bitcoin.com

Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System, […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

Report: FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners

February 17, 2023 Bitcoin.com

Africa

The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required to teach them about crypto and the blockchain. Some of the students insisted they will not quit crypto […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs

February 13, 2023 Bitcoin.com

2 EH/s

Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest Mining Expansion Bitcoin mining company, Iris Energy, announced plans to […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns

February 7, 2023 Bitcoin.com

attorney

Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance

February 4, 2023 Bitcoin.com

bank account

Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will be regulated, but not until 2025 or 2030. When regulation does occur, 76% of Finder’s […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

FTX Lawyers Attempt to Question Bankman-Fried’s Family and Inner Circle for Financial Insight

January 27, 2023 Bitcoin.com

Alameda Research

According to court documents in the FTX bankruptcy case, the company’s attorneys seek to subpoena FTX co-founder Sam Bankman-Fried, his brother Gabriel Bankman-Fried, and his parents, Joseph Bankman and Barbara Fried. Additionally, the attorneys intend to question some of Bankman-Fried’s top deputies, including FTX co-founder Gary Wang, ex-Alameda Research CEO Caroline Ellison, the former chief […]

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations