Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment.

Bankrupt crypto lender Genesis has filed a motion to extend the exclusivity period for its reorganization plan by 100 days. Why Genesis sought an extension In a May 19 court filing to the United States Bankruptcy Court for the Southern District of New York, the bankrupt lender, said it needed the extension “to achieve a […] The post Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment appeared first on CryptoSlate. origin »

Hotbit shuts down as cyber attacks, crypto crises weaken its operations.

Crypto exchange Hotbit said it would halt all operations on May 22 by 04:00 UTC, advising its users to withdraw their assets before June 21. Why Hotbit is shuttering operations In a May 22 statement, Hotbit explained that centralized exchanges had witnessed a continuous outflow of funds following the several crises that hit the crypto […] The post Hotbit shuts down as cyber attacks, crypto crises weaken its operations appeared first on CryptoSlate. origin »

Saylor advocates Ordinals Protocol, eyes global Bitcoin adoption.

Michael Saylor, MicroStrategy CEO, has recently voiced his support for developing the Ordinals protocol as a critical component in scaling the cryptocurrency to a broader audience. Saylor believes that Ordinals inscriptions are crucial for Bitcoin and gave two primary reasons in a video shared by the CEO of Ninja Alerts, Trevor Owens. origin »

$120 Million Of Aave Funds Stuck In Polygon, Good For Bears?.

Following a recent update, over $120 million of Aave v2, a decentralized finance (DeFi) protocol for lending and borrowing tokens, user assets are “stuck” on Polygon. Bug On Aave v2 On Polygon The bug affecting withdrawals from Aave v2 deployed on Polygon, an Ethereum side-chain, has been pinned to the recent implementation of “proposal 224”. origin »

Virtual Identity, Real Accusations: Ben.eth Legal Troubles.

In what could only be described as a uniquely digital-age twist, an NFT influencer, known by his alias Ben. eth, has been served with a settlement demand, via an NFT. The demand, laced with profanity, accuses the influencer of engaging in wire fraud, at the least, relating to a recent $7 million token presale. origin »

Huobi ordered to cease operations by Malaysian regulators.

Crypto exchange Huobi was ordered to stop operating in Malaysia by the Securities Commission (SC) of the Asian country. The regulator issued a public reprimand to Huobi CEO Leon Li. In a May 22 press statement, Malaysia’s SC said Huobi operated in the country illegally because it failed to register as a digital asset exchange […] The post Huobi ordered to cease operations by Malaysian regulators appeared first on CryptoSlate. origin »

Presidential Candidate Robert F. Kennedy Jr. Embraces Bitcoin Donations and Unveils Crypto Strategy.

In a bold move, presidential candidate Robert F. Kennedy Jr. has declared his campaign’s acceptance of Bitcoin donations, making it the first in American history to do so. During his address at the Bitcoin 2023 Conference in Miami, Kennedy highlighted the significance of this decision and presented his vision for a future where cryptocurrencies play […] Сообщение Presidential Candidate Robert F. origin »

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