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The firm had originally said on Sept. 13: “In practice, PoolinWallet will offer IOU-token to token single-direction swap in the Trade function, allowing users to trade their IOUBTC to BTC, IOUETH to ETH, IOUUSDT to either USDT or USDC, IOULTC to LTC, IOUZEC to ZEC, IOUDoge to Doge, quarterly. Also,
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Avraham Eisenberg can’t be released on bail because he faces a mammoth prison sentence for the $110 million exploit in October, a Puerto Rico judge said Original Source
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A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar cases involving crypto companies like Blockfi and
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A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender, meaning they are now part of the company's bankruptcy estate. Source
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Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms of the program’s terms of use. The funds reportedly amount to more than $4 billion. “The issue of ownership of the
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Leading exchange Binance was recently crowned winner among exchange performances for 2022 after dominating the crypto space. According to Arcane Research, Binance is the clear winner among crypto exchanges considering performance in 2022. An Arcane January 3rd report highlighted the Changpeng Zhao-led platform soared due to a favorable combination of factors. These include the fallout
Read MoreU.S. District Judge Alvin Kellerstein has sided with the U.S. Securities and Exchange Commission (SEC), ruling that the Canadian technology firm Kik’s $100 million initial coin offering (ICO) violated federal securities laws.On September 30, Judge Kellerstein responded to both parties’ requests for summary judgment, determining that Kik’s 2017 token sale
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