Genesis' request for an extension of its court-appointed mediation process has been granted by bankruptcy Judge Sean Lane. The bankruptcy judge also denied FTX's request to take part in the mediation talks.
A judicial panel has ordered the consolidation of the lawsuits against FTX's investors and celebrity promoters. The panel has ordered the creation of a multi-district litigation before a federal judge in Miami.
USDT issuer Tether has invested in El Salvador's $1 billion Volcano Energy, paving the way for developing one of the world's largest Bitcoin mining farms powered by renewable energy.
FTX and its affiliated debtors have filed an objection to bankrupt crypto lender Genesis' proposed extension to its ongoing mediation period. FTX also took issue with Genesis estimating its $3.9 billion claim at zero.
Bitcoin miner Marathon Digital mined 77% more Bitcoin in May 2023 as compared to the previous month. The surge in mining output was attributed to increase in hash rates and transaction fees.
U.S. House Republicans have introduced a draft bill in Congress that would provide regulatory clarity for the crypto industry and protect crypto assets from enforcement actions.
CFTC-regulated Coinbase Derivatives Exchange will begin offering Bitcoin and Ether futures contracts to its institutional clients starting June 5, 2023.
The community behind MakerDAO has voted in favor of a proposal that will see the DeFi protocol purchase $1.28 billion worth of short-dated U.S. Treasuries.
Dogecoin investors have accused Elon Musk of insider trading and manipulating the price of DOGE. In an amended complaint, the investors alleged that Musk used Twitter and public appearances to profitablu trade the meme token at their expense.
Su Zhu and Kyle Davies' Open Exchange (OPNX) has issued a governance token dubbed Open Exchange Token (OX). The token can be staked to enjoy up to 100% rebate on the exchange's trading fees.
Circle has ditched all U.S. Treasury bonds from the $24 billion reserve fund backing its USDC stablecoin. The move was in response to the ongoing debt ceiling crisis in the United States.
The Ontario Securities Commission is probing Binance to determine if the crypto exchange attempted to evade local regulations.