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Lawyers handling the FTX bankruptcy case are considering offers that could eventually lead to a relaunch of the troubled exchange.At an Oct. 24 hearing of the United States Bankruptcy Court in the District of Delaware, Kevin Cofsky of Perella Weinberg Partners revealed he is negotiating with several parties interested in
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A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as did the Bank of England (BOE). To accompany those, the BOE’s Prudential Regulatory Authority (PRA) released a letter to CEOs of deposit-taking institutions,
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The price of XRP is responding positively to Ripple sealing agreements to several institutions who need varying services from the firm. The price of XRP has jumped considerably in the last 24 hours. XRP climbed 11% earlier on Monday, before falling to the current 10.13%, according to data from CoinMarketCap. XRP
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The United States Securities and Exchange Commission (SEC) announced Nov. 1 that it was charging SafeMoon and three of its executives with fraud and unregistered securities sales in connection with its SafeMoon token. The Justice Department unsealed charges against the men at the same time. According to SEC allegations, SafeMoon creator Kyle Nagy,
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Options also include a sale of the exchange, which boasted 9 million users before going bankrupt. Source
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Users subscribed to Character.AI’s $10 plan can now access the group chat for feedback and improvements, before public release. Chatbot startup Character.AI is launching a new group chat feature for subscribers. The firm, backed by venture capital giant Andreessen Horowitz (a16z), has introduced a group chat where the app’s users and
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Web3 platform Galxe experiences a security breach, as several users report losing access to their funds and wallets. Leading web3 community-building platform Galxe has suffered a security breach. Multiple users have reported being unable to access their funds and wallets on the platform. The Galxe website is also down. The platform has posted
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Stader Labs has introduced a new Liquid Restaked Token (rsETH) on testnet that allows users to stake the same ETH on multiple networks simultaneously. The recently launched rsETH token builds on EigenLayer’s restaking protocol and is designed to boost staking rewards by leveraging liquid staking tokens like Lido’s stETH and Coinbase
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Decentralized exchange Pancakeswap now offers Transak as a provider in its “buy crypto” tab, giving Pancakeswap users an additional option when shopping for crypto, according to an announcement on September 21. Mercuryo and Moonpay were previously providers for this feature, making Transak the third provider to be added.Caption: Pancakeswap buy
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“A lot of the stablecoin issuers will be, or will purport to be, completely decentralized, therefore without any point of decision or issuance” and hence unable to meet MiCA strictures, Thomas Vogel, a partner at law firm Latham & Watkins, said. “This has become a sort of threshold question for
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