BlockFi Creditors Await Fund Recovery: FTX Clawback in Focus

BlockFi has outlined how it intends to distribute assets among its creditors. But what can be recovered rests on its claims against FTX. The post BlockFi Creditors Await Fund Recovery: FTX Clawback in Focus appeared first on BeInCrypto. дальше »

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Crypto enthusiasts believe DigiToads (TOADS) has the biggest potential in 2023 as they praise the innovative technology behind ETH, ADA

The cryptocurrency market has been abuzz with chatter about Ethereum (ETH) and Cardano (ADA), two of the most well-known and innovative blockchain platforms. However, savvy adherents have started to turn their attention towards DigiToads (TOADS), a new meme coin with a unique combination of features that could make it one of the most worthwhile assets […] дальше »

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Bakkt Delisting Frenzy: AVAX, LINK, FTM, and 20 Other Altcoins Suffer the Consequences

Bakkt is cutting support for 25 digital assets. These include DeFi tokens like UNI and AAVE as well as popular coins like ENJ and XLM. The post Bakkt Delisting Frenzy: AVAX, LINK, FTM, and 20 Other Altcoins Suffer the Consequences appeared first on BeInCrypto. дальше »

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QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’

The creditors will receive a monetary equivalent of the value of their lost crypto assets as of April 15, 2019.

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Bakkt to delist two-thirds of supported tokens

Bakkt will delist the majority of its previously supported cryptocurrency tokens, The Wall Street Journal reported May 12. Delisting 25 cryptocurrencies Bakkt will specifically delist 25 of the 36 assets that it once supported through its recently acquired subsidiary Apex Crypto. дальше »

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The right to use digital assets to be added to Texas Bill of Rights

The state of Texas has made a historic move by voting on an amendment that includes the possession, retainment and utilization of cryptocurrencies in its state Bill of Rights, signaling... дальше »

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US Chamber of Commerce sides with crypto industry, blasts SEC

The U.S. Chamber of Commerce has sided with Coinbase and the crypto industry, blasting the Securities and Exchange Commission (SEC) over its regulatory approach. In a May 9 court filing, the advocacy group presented several critical arguments about how the SEC deliberately muddied the waters by claiming sweeping authority over digital assets — while deploying […] The post US Chamber of Commerce sides with crypto industry, blasts SEC appeared first on CryptoSlate. дальше »

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US lawmaker questions SEC about GBTC redemptions

U.S. Congressman Brad Sherman questioned the Securities and Exchange Commission (SEC) about whether Grayscale Bitcoin Trust investors (GBTC) can redeem their assets from the investment company. In a May 11 letter directed to the SEC Chair Gary Gensler, the Congressman claimed that Grayscale prioritized profits regardless of how it affected over 850,000 retail investors whose […] The post US lawmaker questions SEC about GBTC redemptions appeared first on CryptoSlate. дальше »

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Digital Assets Flourish with TMS Network (TMSN) Climbing at the Helm, Outpacing Polygon (MATIC) and TRON (TRX) in Crypto Arena

The crypto ecosystem has always been characterized by time and season. There is a season for market investors and players to enjoy pumps and juicy spikes. At the same time, there is a time to endure a downward spiral of digital currencies. дальше »

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Alameda’s $38B IRS bill, Do Kwon kicked in the assets, Milady frenzy: Asia Express

IRS wants $38B in unpaid taxes from Alameda, Milady token surges 3,000%, restraining order for Arthur Hayes over 3AC “threatening” words. дальше »

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Deloitte unveils guidelines for institutional bitcoin investors 

Deloitte's digital assets team has released some essential guidance for institutional investors looking to join the bitcoin (BTC) train. дальше »

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Winner Takes All: Bitcoin And DXY Compete For Global Financial Dominance

Bitcoin (BTC) and the U. S. Dollar Index (DXY) have been battling for supremacy in the financial world, with both assets vying for dominance in a zero-sum game. The recent volatility seen in the markets is a testament to the intensity of this battle. дальше »

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Coinbase’s SEC Complaint Draws Allies Depicting U.S. Regulator as Crypto Bully

Crypto insiders are tying themselves to Coinbase (COIN) as the company seeks to blow up the U.S. Securities and Exchange Commission’s (SEC) “come in and register” crusade aimed at the digital assets sector. дальше »

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GAO cites exposure to digital assets in exploring collapse of Signature Bank

Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure. дальше »

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Binance’s VC Arm, With Over 200 Investments, Focuses on 'Explosive' Potential for Web3

Binance Labs has grown its assets to $9 billion from $7.5 billion despite a bear market and the post-FTX collapse turbulence. дальше »

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BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says

BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients rather than the estate of the bankrupt crypto lender. дальше »

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Robinhood's Crypto Revenue Down 30% Year-Over-Year in Q1

The trading platform also reported holding around $11.5 billion worth of crypto in assets under custody, an increase of 36% compared to the figure of $8.4 billion for Q4 2022. дальше »

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Standard Chartered launching crypto custody service in Dubai 

Standard Chartered Bank has revealed plans to offer institutional-grade digital assets custody services in Dubai via its subsidiary, Zodia Custody, pending regulatory approval. Barely three months after reaching a definitive agreement with Japan’s SBI Digital Asset Holdings to set up… дальше »

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Research: Bitcoin Inscriptions might have run their course

Bitcoin Ordinal Inscriptions, digital assets akin to NFTs inscribed on a satoshi, have been flooding the Bitcoin network with transactions, pushing it to an all-time high. While miners enjoy record-breaking profits from the fees generated, a surprising negative correlation has emerged between the number of transactions and active addresses. дальше »

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Franklin Templeton Files Crypto Fund for Institutional Investors

Franklin Templeton, which manages assets amounting to about $1.4 trillion, will launch a crypto fund for institutional investors. The post Franklin Templeton Files Crypto Fund for Institutional Investors appeared first on BeInCrypto. дальше »

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Do Kwon’s Woes Escalate As South Korea Freezes $176M Of His Assets

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Marathon Digital Selects Abu Dhabi For Immersion Crypto Mining Expansion

Marathon Digital Holdings Inc, a crypto mining company, recently announced its partnership with digital assets firm Zero Two.   This announcement marks a major milestone in Marathon Digital’s plan for global expansion. дальше »

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S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics

The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling. дальше »

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Do Kwon’s Luxury Cars, Apartments Seized as Courts Freeze $2B of His Assets

South Korean authorities have frozen around $2 billion worth of assets tied to Do Kwon, the CEO of blockchain firm Terraform Labs, as they continue their investigation into the catastrophic... дальше »

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Can DigiToads (TOADS) Replicate the Success of Established Projects like Cardano (ADA) and Uniswap (UNI) as the Demand for Crypto Assets Grows?

The fast selling of DigiToads (TOADS) tokens and its popularity among investors make experts predict this meme coin will become the next big cryptocurrency to buy in 2023. As many credible crypto projects fail to perform in the struggling market, investors seek high-potential cryptocurrencies unaffected by fluctuating market conditions. дальше »

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Nexo (NEXO), dYdX (DYDX), and Tradecurve (TCRV): Which one has investors talking?

The current outlook on traditional finance is rather bleak, with numerous major banks collapsing and inflation reaching record levels investors and savers are forever looking at assets which can house their hard earned capital. дальше »

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Binance chief strategy officer criticizes US crypto rules; exchange wants to be regulated in UK

Binance’s Chief Strategy Officer Patrick Hillman criticized the United States’ regulatory landscape during a live event on May 10. Hillman says U. S. is in a “weird place” Hillman said during the Financial Times’ Crypto and Digital Assets Summit that regulations have made it difficult for Binance to work in the U. дальше »

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Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin

Applying rehypothecation onto bitcoin or crypto ignores the fundamental essence of these assets arising from a core bitcoin innovation, Christopher Calicott writes. дальше »

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$176M of Do Kwon's assets are frozen: Report

The frozen assets include an apartment complex, an officetel, several imported cars and various financial assets.

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Tether’s Q1 2023 assurance report shows a reserves surplus at $2.44B all-time high

Tether Holdings Limited has today published its Q1, 2023 assurance report reaffirming the accuracy of Tether’s Consolidated Reserves Report (CPR). Among other things, the report shows that the company’s consolidated assets exceed its consolidated liabilities. дальше »

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Digital assets lose their shine as $156 million flows out in third consecutive week

Digital investment products saw outflows of $54 million last week. While investors focused their attention on BTC, altcoins saw no major traction. Outflows from digital asset investment prodThe post Digital assets lose their shine as $156 million flows out in third consecutive week appeared first on AMBCrypto. дальше »

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The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse. дальше »

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Bittrex’s U.S., Maltese Arms Processed $425M in Withdrawals Since April 1, Attorney Says

Bittrex filed for bankruptcy protection, but says no customer funds were re-used and that liabilities meet assets дальше »

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Crypto Isn’t Ready for Jack Bogle

Alex Botte of Runa Digital Assets explains why crypto isn’t ready for passive investing. дальше »

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Binance Launches Capital Connect for VIP Program Users

Coinspeaker Binance Launches Capital Connect for VIP Program Users Binance noted that it will provide crucial information through Capital Connect including assets under management (AUM) of different funds, their performance records, and minimum investment amounts. дальше »

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Introducing Wrapped Tokens – The New Lossless Security Technology for ERC-20 Tokens

The Lossless team is thrilled to announce the launch of its new product, Wrapped Tokens. Wrapped Tokens enable ERC-20 token holders to wrap their assets in Lossless security, a protocol whose main aim is to retrieve stolen funds. дальше »

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Binance moves bankrupt Voyager, FTX tokens to innovation zone

Crypto exchange Binance has moved the native tokens of bankrupt crypto firms Voyager (VGX) and FTX (FTT) to its innovation zone. According to a May 10 statement, the exchange moved them alongside 16 other struggling digital assets like JasmyCoin (JASMY), OMG Network (OMG), WazirX (WRX), Serum (SRM), OAX (OAX), and others. дальше »

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Are Cryptocurrencies an Inflation Hedge? Theoretically Yes, Factually No Says S&P

Some argue that crypto assets could be in demand in a high-interest rates/high inflation environment because they could serve as a store of value, however crypto's track record is too short to prove this, S&P said. дальше »

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Grayscale expands ETF business, puts forward 3 new crypto funds

The new funds would invest in a wide range of different crypto-related assets including Bitcoin miners and privacy tech.

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BlockFi customers want to take over $375m worth of crypto assets

BlockFi customers are pushing for $375m in cryptocurrency to be considered as customer property in the company's Chapter 11 case дальше »

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SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency

The U. S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. дальше »

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South Korean Authorities Investigate Lawmaker Over Alleged Crypto Transfers

There’s a rumor of a conflict of interest around the South Korean opposition lawmaker Kim Nam-Kuk over crypto transactions.   The growing domestic outrage alleged that Kim liquidated over $4 million worth of crypto assets before the lawmakers would enforce the Financial Action Task Force Travel Rule. дальше »

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Marathon Teams Up With Abu Dhabi's Zero Two for Middle East's First Large-Scale Liquid Cooled Bitcoin Mining

The U.S.-based miner is teaming with Zero Two, a digital assets infrastructure development company focused on supporting the power grid of Abu Dhabi. дальше »

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PayPal customers increase crypto deposits to $943M

PayPal disclosed it holds $943 million in customers’ crypto assets, up 56% from the previous quarter. The company enables users in some regions to buy, hold, sell, and pay for purchases using cryptocurrency. дальше »

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Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k

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Microsoft, Goldman, others partner for privacy-enabled blockchain Canton Network

Digital Asset, alongside several traditional financial firms and technology giants, are partnering to launch Canton Network — a privacy-enabled blockchain network designed for institutional assets. дальше »

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Tradecurve (TCRV), ETH, BNB: What Cryptocurrency Will Dominate the Web3 Space in 2023?

The cryptocurrency market has been home to some of the most promising assets in the past years. From Ethereum (ETH) to BNB (BNB), the choice is varied when it comes to what to expect from the industry. дальше »

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Coinbase’s Paul Grewal says SEC proposed custody rule ‘unnecessarily singles out crypto’

Coinbase Chief Legal Officer Paul Grewal spoke up against the U. S. Securities and Exchange Commission’s proposed revisions to federal custody requirements that require registered investment advisers (RIAs) to hold client assets at qualified custodians. дальше »

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PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B

The lion’s share of the fintech’s held cryptocurrency assets lies in BTC and ETH with $499 million and $362 million, respectively — up more than 56% since Q4 2022. дальше »

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OKX sends over $60M in crypto to Alameda’s wallet

OKX sent over $60 million worth of crypto assets to bankrupt Alameda Research’s wallet in the last five hours, according to Arkham Intelligence data. The crypto exchange made 16 transactions — which included 10 deposits of $5 million USDT and 337,859 MASK (roughly $1. дальше »

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