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Debtors for crypto lender Celsius Network have the authority to sell coupons for mining firm Bitmain coupons worth roughly $7.4 million following a ruling from a bankruptcy judge.In a Feb. 16 court filing, United States Bankruptcy Judge Martin Glenn said it was in the “best interests of the Debtors’ estates,
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The assets, which offer a discount of 10%-30% on Bitmain purchases for a limited period, can be sold to any bona fide third party, but with with the consent of a Committee representing Celsius’ unsecured creditors, bankruptcy judge Martin Glenn said. Source
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In theory, stablecoins could be used widely for ordinary payments. But no stablecoins show signs of functioning at scale. High fees, slow processing speeds and other barriers make them expensive and inconvenient. Nor are they very stable. By some estimates, at least two dozen stablecoins have failed since their introduction
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McDonald’s business looks to have benefitted even in the face of the current economic mishaps.The investment landscape has evolved over the past decade and investors who injected as little as $1,000 into American fast food giant McDonald’s Corp (NYSE: MCD) will be in profit today. McDonald’s has had a very
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“In Floki’s case, an exploit on our main cross-chain bridge would have a catastrophic impact on the project since this bridge currently holds 55.7% of what FLOKI’s total circulating supply should be. This is a lot of tokens, and that’s more than enough to drain the project’s liquidity pools and
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In its investigation, FinCEN found that Binance was among the top three counterparties having links to Bitzlato.Last week, the US Justice Department shuttered crypto exchange Bitzlato over allegations of money laundering and arrested its founder in Miami. However, the latest report by Reuters suggests that crypto giant Binance had reportedly
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A majority part of the seized assets include 55.3 million shares of Robinhood with its current worth of around $526 million.Last week, prosecutors from the United States seized a staggering $700 million worth of assets owned or belonging to the collapsed crypto exchange FTX and its disgraced founder Sam Bankman-Fried
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According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud. In a court document filed on Jan 20, U.S. federal prosecutor Damian Williams outlined that the “government
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Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions over the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities, and it was available for use at the Winter Olympics. Many other central banks, including the Bank
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Digital payments firm Paytm saw its stock decline markedly after a shareholder offloaded 19.20 million shares.Paytm shares suffered an 8.8% decline on Thursday following a series of block deals recorded by parent One97 Communications Ltd. According to reports, roughly 19.20 million shares or a 3% stake in the digital payments
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