Kumo
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12 months ago
FTX Seeks Court Approval to Sell $744 Million Worth of Trust Assets, Including Grayscale and Bitwise Funds
FTX, a bankrupt crypto exchange, has requested the U.S. bankruptcy court of Delaware to approve the sale of trust assets worth approximately $744 million. These assets include funds from Grayscale and Bitwise. The…
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bob wrote a new post
12 months agoFTX Seeks Court Approval to Sell $744 Million Worth of Trust Assets in Bankruptcy Case
Bankrupt crypto exchange FTX and its debtors have requested the U.S. bankruptcy court of Delaware to approve the sale of trust assets worth approximately $744 million. The assets include funds from Grayscale and…
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12 months agoMaestroBots Swiftly Refunds Users After Smart Contract Exploit
MaestroBots, a popular cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users who were affected by a recent smart contract exploit. The incident occurred on October 24,…
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bob wrote a new post
12 months agoMaestroBots Swiftly Refunds Users After Smart Contract Exploit
MaestroBots, a prominent cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users affected by a recent smart contract exploit. The incident occurred on October 24, targeting…
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bob wrote a new post
12 months agoHong Kong Considers Allowing Retail Investors to Trade Spot Crypto ETFs
Hong Kong is considering allowing retail investors to trade spot crypto exchange-traded funds (ETFs), according to Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC). This move signifies a…
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bob wrote a new post
12 months agoFTX Bankruptcy: Cryptocurrency Exchange Plans to Liquidate $744 Million in Assets from Grayscale and Bitwise
FTX, a bankrupt cryptocurrency exchange, has announced plans to sell $744 million worth of its Trust assets held at Grayscale and Bitwise. The assets include various exchange-traded products managed by Grayscale,…
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bob wrote a new post
12 months agoFTX Requests Bankruptcy Court Approval to Sell $744 Million Worth of Trust Assets
FTX, a bankrupt crypto exchange, has filed a request with the bankruptcy court in Delaware to sell key trust funds worth $744 million. These funds include assets from Grayscale, a crypto asset manager, and Bitwise,…
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bob wrote a new post
12 months agoGerman Bank DZ Launches Blockchain-Based Digital Assets Custody Platform
DZ Bank AG, one of Germany’s largest banks, has launched its own digital assets custody platform using blockchain technology. The platform will cater to institutional clients, offering them crypto securities such a…
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12 months agoPotential Rent Increases Expected as Reference Interest Rate Rises
The mortgage reference interest rate in Switzerland has recently increased from 1.25% to 1.5%. This could potentially result in higher rental prices for tenants. Landlords now have the right to increase rents for…
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12 months agoPorto Alegre Recognizes May 22 as Bitcoin Pizza Day
A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors…
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12 months agoChina Government Holds $6 Billion Worth of Bitcoin, Making it One of the Largest BTC Whales
China’s government is reportedly holding a significant amount of Bitcoin (BTC) in its national treasury. According to Ki Young Ju, the CEO of CryptoQuant, China seized 194,000 BTC from the PlusToken scam in 2019, m…
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12 months agoBitcoin: A Solution to Lebanon's Financial Crisis
Michael J. Saylor, co-founder of Microstrategy, has expressed his belief that Bitcoin could be the solution to Lebanon’s financial crisis. The country’s currency has lost a staggering 96% of its value against the…
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12 months agoFTX CEO Found Guilty of Fraud and Embezzlement in Landmark Trial
Former FTX CEO Sam Bankman-Fried has been found guilty of fraud and conspiracy to commit fraud. The jury delivered its verdict quickly after a short deliberation. Throughout the trial, questions arose about how…
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12 months agoRipple Nears Settlement in SEC Legal Battle, Victory in Sight with $20 Million Payment
Ripple’s legal battle with the US Securities and Exchange Commission (SEC) is nearing its end, with a settlement on the horizon. The SEC filed a lawsuit against Ripple Labs in 2020, claiming that its XRP token is a…
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12 months agoBitfinex Phishing Attack Highlights Ongoing Threat to Crypto Exchanges
Cryptocurrency exchange Bitfinex recently experienced a phishing attack on one of its customer support representatives. However, the attack was unsuccessful, as the targeted agent had limited access to valuable…
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12 months agoRipple's XRP Lawsuit Against SEC: $20 Million Settlement Could Be a Major Victory
Prominent cryptocurrency attorney John E. Deaton has provided insights into the ongoing lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC) regarding the digital currency XRP. Deaton…
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12 months agoFormer FTX CEO Sam Bankman-Fried Likely to Serve 25 Years in Prison, Former DOJ Prosecutor Predicts
Former FTX CEO Sam Bankman-Fried is facing a potential sentence of 20 to 25 years in prison, according to former government prosecutors. The maximum sentence for his crimes has been estimated at 110 to 115 years.…
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12 months agoHacker Behind $114 Million Mango Markets Exploit Trial Postponed to April 2024
The court trial for Avraham Eisenberg, the hacker responsible for the $114 million exploit of Mango Markets, has been postponed to April 2024. Eisenberg’s lawyers argued that various factors had hindered their c…
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12 months agoRegulatory Gaps Expose Challenges for Crypto Platform LedgerX
The U.S. Commodity Futures Trading Commission (CFTC) is focusing on the regulation of customer assets in the derivatives market. However, their current proposal does not fully address the unique operational model…
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12 months agoFraud Trial for Mango Markets Exploiter Postponed Until April 2023
Lawyers representing Avraham Eisenberg, the individual accused of exploiting Mango Markets for $116 million, have successfully convinced a judge to postpone his fraud trial until April 8, 2023. The trial was…
