Breaking: Crypto Giant Binance Makes Investment in Futures Upstart FTX 12
If you’ve been on Crypto Twitter over the past few months, you’ve likely heard the name “FTX” tossed about. For those who missed the memo, FTX is a cryptocurrency-centric derivatives exchange built by veterans of Wall Street (Jane Street, Susquehanna, and Optiver) and other financial markets. The platform offers high...
Breaking: SEC Halts Telegram Crypto Ambitions, Calls It "Unregistered" 13
Well here’s yet another breaking story. In a U.S. Securities and Exchange Commission (SEC) press release published on Friday afternoon, it was revealed that the agency has “filed an emergency action and obtained temporary restraining order” against two entities behind the Telegram ICO for the Telegram Open Network (TON). The...
Celsius Network Files For Chapter 11 Bankruptcy 15
Celsius network released a statement on Wednesday stating that it has filed for chapter 11 bankruptcy The firm will continue to stay operational and has $167 million in cash to proceed with further developments.  After going through multiple tribulations in the past few weeks, Celsius Network has now filed for...
Celsius
Celsius network has hired a new legal firm for restructuring purposes The firm will now be seeking legal assistance from Kirkland & Ellis LLP.  Celsius Network is reportedly hiring new lawyers to carry out its restructuring process. Per a report published by WSJ, the firm will now be seeking legal...
Celsius Network Introduces A New Recovery Plan In Its Debut Bankruptcy Hearing 17
Celsius’s debut bankruptcy hearing introduces alternatives for users to retrieve their funds back.  The firm plans to make use of Bitcoin mining operations and third-party asset sales to accumulate funds and pay back its debt.  After halting its withdrawals and filing for chapter 11 bankruptcy, Celsius Network has finally introduced...
bakkt bitcoin
According to a statement obtained by CoinDesk, the CFTC has, in fact, not approved LedgerX to launch Bitcoin (BTC) futures just yet. The outlet wrote in a recent update to yesterday’s article about the exchange’s launch of physically-deliverable BTC futures: The U.S. Commodities Futures Trading Commission (CFTC) says LedgerX has...