FTX bankruptcy claims are selling for as low as 16 cents on the dollar in secondary markets. Distressed asset funds are projecting a recovery in five years.
Winklevoss-owned crypto exchange Gemini has agreed to enter a 30-day mediation period with Genesis and the Digital Currency Group to come up with a final resolution regarding the outstanding payment to its Earn users.
Giant multinational commercial bank, Santander Group is reportedly expanding its use of Ripple’s financial products. The Madrid-based financial services company is working on a “payment corridor” that would allow Latin American residents to send funds to the US instantly and at no cost. Ripple’s xCurrent-based One Pay FX to Serve...
Final briefs in Grayscale vs The SEC were filed last week as the $10 billion asset manager seeks to convert its discounted GBTC shares into a Bitcoin ETF.
Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies have teamed with CoinFLEX to launch a new crypto exchange that will allow users to trade their claims against bankrupt crypto firms.
Huawei Delves Into Blockchain: Report According to a report from Alice Crypto, a blockchain industry member seemingly based in China, that was shared by popular cryptocurrency content creator BoxMining, Huawei might be getting into this nascent technological class. Every company in China is jumping on the Blockchain Boat. Huawei Blockchain...
Bitcoin as Digital Gold Over the past 18 months, the “Bitcoin is digital gold” narrative has gained a lot of steam across investment communities. From traditional market investors and macroeconomic analysts to cryptocurrency pundits and libertarians, Bitcoin has increasingly been seen as something that is effectively the digital counterpart to...
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.
Summary: Venture Capital behemoth Andreessen Horowitz announced its first office outside the U.S. set to open later this year. The A16z office led by General Partner, Sriram Krishnan will be stationed in London as a strategic investment point for growing the UK’s web3 ecosystem. Prime Minister Rishi Sunak praised the...
