The judge overseeing Genesis Global's bankruptcy proceedings has ordered the crypto lender and fellow bankrupt form FTX to exchange information about a dispute over $2 billion that FTX claims Genesis owes.
Binance's top executives including the Chief Strategy Officer and General Counsel, have quit the company. The executives blamed their departure at CEO Changpeng Zhao's handling of the investigation by the U.S. Department of Justice.
Crypto exchange Bitfinex has recovered $315,000 lost in the 2016 hack. The U.S. Department of Homeland Security helped in the recovery as apart of an ongoing prosecution against the hackers.
The Commodities and Futures Trading Commission (CFTC) has concluded that Celsius and its former CEO Alex Mashinsky violated U.S. regulations before the implosion of the crypto lending firm last year.
BlackRock CEO Larry Fink, who previously described Bitcoin as a money laundering tool, has turned pro-Bitcoin. Fink stated in a recent interview that Bitcoin is an international asset that his asset management firm would like to democratize.
Binance has lost more than 10% of its spot market share in 2023. Meanwhile Binance US' market share has slipped below 1%. The recent regulatory crackdown and lawsuits by the CFTC and SEC have been blamed for the tanking market share.
Coinbase's share price tanked more than 4% after a Piper Sandler analyst downgraded the stock to neutral from overweight. The analyst cut the stock's price target from $65 to $60.
Summary: Valkyrie refiled its application for a spot Bitcoin ETF with the SEC per a 19b-4 filing seen on Wednesday. The asset manager joins other Wall Street titans like BlackRock and Fidelity in filing a second application after the SEC responded. Valkyrie, like other asset managers, names Coinbase as its...
Gemini co-founder Cameron Winklevoss has written an open letter to DCG founder Barry Silbert, accusing the latter of committing fraud. Winklevoss has threatened to sue if Silbert and his company fail to comply with the proposed restructuring plan.
British neobank Revolut is set to delist ADA, MATIC and SOL from its United States platform. All affected users have until September 18, 2023, to convert these crypto tokens into USD or some other crypto asset.
Nasdaq has refiled BlackRock's spot Bitcoin ETF application with the Securities and Exchange Commission. The revised filing named Coinbase as the market surveillance sharing partner.
