Dante Mossi, the Chairman of the Central American Bank for Economic Integration (CABEI), has claimed that El Salvador’s exposure to cryptocurrencies is “minimal”. Speaking to Bloomberg Friday, Mossi noted that whereas Bitcoin’s popularity and adoption had grown since the top cryptocurrency was made legal tender in El Salvador about two years ago, the population’s exposure to it was too small. […]
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The first hearing in Genesis Capital’s bankruptcy case will be held on January 23 at 2:00 pm (EST), according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York will hear the case. Under Chapter 11, known as the reorganization chapter, companies can propose a reorganization plan to creditors, while […]
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On Sunday (22 January 2023), blockchain startup dcSpark announced an important update to its lightweight and user-friendly wallet for Cardano. In case you are wondering what dcSpark does, according to its development team, the main goals are to: “Extend Blockchain Protocol Layers” “Implement First-Class Ecosystem Tooling” “Develop and Release User-Facing Apps” The firm was co-founded in April 2021 by Nicolas Arqueros, Sebastien […]
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Cardano’s ADA is one of the major cryptocurrencies that led gains this week, rising 9% to an intraday high of $0.377 with weekly gains of 22%, per data provided by CoinMarketCap. The upsurge has driven ADA’s market capitalization to more than $13 billion, with the daily trading volume topping $700M. Although there is not one specific reason behind ADA’s bull […]
Read moreOver the course of the past 20 days, Vitalik Buterin, the founder of Ethereum, has moved about $12 million worth of cryptocurrency between his several wallets. According to the findings of LookOnChain’s investigation, the “whale” address that ends in 0x9e92 and has received 9,300 ETH in the past 20 days may be connected in some way to the person who […]
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US Federal authorities seize assets worth $697 million from SBF The United States Federal authorities have seized $697 million from Sam Bankman Fried, Founder of cryptocurrency exchange FTX. The majority of the assets were being in the form of shares of the popular trading app, Robinhood. SBF had previously announced that he had acquired a 7.6% stake in Robinhood stating […]
Read moreCameron Winklevoss threatens Genesis to sue them for not paying $900M Genesis plans to end its bankruptcy in the 4 months Genesis, which filed for bankruptcy today, was in dispute with Gemini exchange. As per the exchange, Genesis owes nearly $900 million to Gemini customers due to its lending product, Earn. While Genesis filed for bankruptcy today it claimed that […]
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Four individuals linked to the theft of £21m in Bitcoin from an Australian crypto exchange were handed down sentences by a UK court on Friday, Jan 13, bringing to closure a four-year-plus legal battle. According to an announcement by The Crown Prosecution Service (CPS), the four, Stephen William Boys, 58, Kelly Caton, 44, Jordan Kane Robinson, 23, and James Austin-Beddoes, 27 […]
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Kevin O’Leary has expressed concerns about the possible bankruptcy of unregulated exchanges following the collapse of FTX. He cited the current massive outflows recorded by unregulated exchanges and other indices as factors behind his prediction. Despite potential bankruptcies, he insists he will continue doubling down on his BTC holdings. The implosion of FTX has left negative footprints in the industry, […]
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