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Bankrupt Crypto Firm FTX Trading Reaches Settlement With Bahamian Subsidiary
19.12.2023
FTX Trading Ltd. and its affiliated debtors have announced a landmark settlement with their Bahamian subsidiary, FTX Digital Markets Ltd., amid ongoing liquidation proceedings. This agreement, pending court approval, promises a novel approach to handling the complex legal challenges stemming from...
FTX's Bahamas Wing Reaches Agreement With U.S. Bankruptcy Team, Streamlining Future Actions
19.12.2023
This deal will pave the way for assets to be be pooled and distributed to FTX.com customers
Bitcoin Miner Hut 8 to Build Out Mining Facility in Partnership with Celsius
18.12.2023
Source: Pixabay Digital asset mining firm Hut 8 signed an interim agreement to build out and install crypto-mining facilities in collaboration with Celsius Network. In a Dec 18 press release, the Bitcoin miner signed the agreement linked to Celsius bankruptcy proceedings which will see the firm...
Report: Worldcoin Set to Resume Kenyan Operations in Early 2024
18.12.2023
Worldcoin, the iris biometric crypto project, has reportedly reached an agreement with Kenyan authorities which allows it to resume operations in the African country. Worldcoin representatives are said to be “working directly with regulators to meet Kenya’s requirements.” Worldcoin...
Patientory Inc. and ESG Initiative’s WIVA Combine Forces To Advance Democratization of Healthcare Data
15.12.2023
Patientory Inc. partners with Wharton students in a capital raise agreement. The partnership grants the students a right to invest in the healthcare blockchain company at a future date. This will help advance the development of Patientory aiming to solve the industry’s problems around data...
KuCoin to Shutter Services in New York After $22 Million Settlement Package – Here’s the Latest
12.12.2023
Source: Pexels The KuCoin crypto exchange is set to shutter its operations in the ‘Big Apple’ following an agreement with the Supreme Court of the State of New York County. Besides restricting access to its platform for New York residents, KuCoin has agreed to pay a $5.3 million fine...
Japan’s SBI Holdings and Saudi Aramco Explore Joint Digital Asset Ventures
12.12.2023
Source: Adobe Stock Japanese financial services firm SBI Holdings announced last Thursday that it has signed a memorandum of understanding (MOU) with oil giant Saudi Aramco for potential collaboration on digital asset investing. According to the document, SBI’s agreement with the state-owned...
New Details of Binance’s Compliance Requirements Emerge in Unsealed Court Docs
11.12.2023
Source: X / @cz_binance New details have emerged surrounding Binance’s compliance requirements in the wake of the crypto exchange’s plea deal with the U.S. government, according to recently unsealed court documents. A forceful compliance agreement According to the court documents, Binance will...
Coinbase, Conio, Partner to Provide Crypto Services to Italian Banks
11.12.2023
Source: AdobeStock / gguy Cryptocurrency wallet firm Conio, partly owned by Poste Italiane and Banca Generali, has partnered with Coinbase to give Italian banks and financial institutions access to digital assets. Conio said it has added Coinbase Prime as a liquidity provider and the agreement...
Judge Greenlights Plea Deal in High-Profile Binance Case; CZ Faces Sentencing in 2024
7.12.2023
A U.S. federal judge has endorsed the plea deal agreed upon between the U.S. government and Changpeng Zhao, the founder of Binance, widely known as “CZ.” Judge Richard Jones approved the plea in a recent court document, setting the sentencing for February 2024. U.S. Federal Judge Confirms...
Central Bank of Italy and South Korea Strike CBDC Partnership on IT and Payment Systems
5.12.2023
Source: AdobeStock The Central Bank of Italy and South Korea have announced a partnership to collaborate on key areas like payment systems and IT in the development of Central Bank Digital Currencies (CBDCs). A Dec 5 press release by La Banca d’Italia disclosed the agreement which would see both...
Terra Luna Classic Price Prediction as LUNC Becomes Best Performer of the Week – $1 LUNC Incoming?
4.12.2023
The Terra Luna Classic price has surged by 30% in the past 24 hours, with its race to $0.00023831 also marking a 104% gain in a week. This means LUNC is the best-performing top-100 coin within these timeframes, with the altcoin gaining momentum in recent weeks as a result of increasing agreement...
Grayscale’s Bitcoin Fund Operations Get Set for ETF Launch; Toncoin and InQubeta Gear Up for Significant Gains
4.12.2023
Grayscale, which manages the Grayscale Bitcoin Trust (GBTC), was in the news after it updated its trust agreement for the first time since 2018. According to reports, the move is to optimize the GBTC fund and reportedly upgrade it as a spot Bitcoin exchange-traded fund (ETF). Apart from...
Binance Rolls Out Third-Party Banking Agreement to Reduce Counterparty Risk
30.11.2023
Binance has announced the world’s first cryptocurrency triparty arrangement with a third-party banking partner, according to a press release put out by the crypto exchange Wednesday. Off-exchange collateral The agreement gives customers the option of keeping their collateral off-exchange with...
Grayscale Proposes GBTC Fund Amendment as Spot Bitcoin ETF Looms
30.11.2023
Source: Adobe / Ascannio Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), has proposed amendments to the trust’s agreement in preparation for a potential uplisting to a spot Bitcoin (BTC) exchange-traded fund (ETF). The move aims to align GBTC’s structure with other...
Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’
29.11.2023
The changes involve the fee structure, and how assets can be custodies for smoother share creation and redemptions
KyberSwap’s $47 Million Hacker to Propose Deal in Upcoming Statement
29.11.2023
Source: KyberSwap The KyberSwap hacker has indicated plans to propose a deal, with a statement expected on November 30. Following last week’s $47 million exploit of KyberSwap, the hacker has left a message on the network reinstating the inclination to negotiate, with plans to release...
Sam Altman to Return as OpenAI CEO Following In-Principle Agreement
22.11.2023
"I’m looking forward to returning to openai, and building on our strong partnership with msft (Microsoft)," Altman said in a post early Wednesday
DOJ Announces $4.3 Billion Settlement With Binance; CZ to Step Down as Part of Plea Deal
21.11.2023
The United States Department of Justice (DOJ) has revealed a landmark settlement involving Binance, the world’s largest crypto exchange by trading volume. Under the agreement, Binance will pay $4.3 billion to settle with the law enforcement authority. This significant development...
BNB pops after report that DOJ wants $4B settlement with Binance
21.11.2023
BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange