Category : Cryptocoins News

Cryptocoins News

Genesis Files for Chapter 11 Bankruptcy

Genesis has estimated assets and liabilities of $1 billion to $10 billion. The company is considering a "dual track procedure" to sell, raise funds, or equitize. After FTX and other crypto-exchanges collapsed, the business halted withdrawals in Novem...

Donald Trump's NFT Trading Card Collection

On Dec. 15, 45,000 self-themed trading cards were released for $99 apiece. The collection has generated approximately $1.2 million in secondary sales. Sewer Pass NFT transactions on secondary markets are strong. #NoNeoNFT emerged when the company's S...

Bitcoin's Winning Streak Finally Comes to an End

Bitcoin lost its two-week streak. Jan. 18 saw BTC's first red candle. The U.S. Department of Justice statement earlier in the week seems to have caused the price drop. (Read More)

National Australia Bank to Launch Ethereum-Based Stablecoin

NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading. (Read More)

Coindesk May Be Sold as Parent Company DCG Struggles

CoinDesk may sell. Digital Currency Group (DCG), its parent firm, looks to be struggling financially. DCG has received many bids over $200 million for the media group in recent months. (Read More)

Binance linked to illegal cryptocurrency platform Bitzlato

Binance is related to Bitzlato, according to FinCEN. The obscure platform collected $206 million from darknet marketplaces, $224 million through frauds, and $9 million from ransomware perpetrators. (Read More)

Bitcoin price rally provides much needed relief for BTC miners

Bitcoin’s prolonged breakout above $22,000 is easing pressure on razor thin profit margins for BTC miners. Bitcoin mining powers network transactions and BTC price....

Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs

Stellar chief operating officer Jason Chlipala said the foundation would bring the unique perspective of Layer 1 to the committee and highlight stablecoin use cases. T...

DeFi should complement TradFi, not attack it: Finance Redefined

Top 100 DeFi tokens continued their bullish momentum into third week of January with majority of the tokens trading in green on weekly charts. Welcome to Finance Redef...

Genesis’ bankruptcy filing was decided by independent committee, according to DCG

A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection. In a Jan. 20 statement, Genesis Capital’s parent com...

Crypto Biz: SBF’s newest Excel spreadsheet reveals all

FTX's debtors are applying "Herculean" effort to unearth the exchange's remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent. Large enterprise busi...

Samsung expands mobile wallet app to 8 more countries

Samsung has announced it will roll out its Samsung Wallet mobile app to another eight countries. The Korea firm launched the app in June 2022, and expanded it to 21 countries before the latest announcement. The wallet app integrates with the Samsung...

Opinion: Digital Currency Group's Genesis implosion: What comes next?

Genesis, a subsidiary of Barry Silbert's Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry....

SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto

The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security. The Un...

Price analysis 1/20: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

Bitcoin and altcoins appear to have shaken off the Genesis bankruptcy news by bouncing off their immediate support levels and rallying higher. The United States equiti...

GameFi needs a wider choice of products to take off, Animoca Brands CEO says

A wider choice of quality games is what is needed for bringing the masses into GameFi, according to Robby Yung, CEO of Animoca Brands. The lack of a wide choice of hi...

GameFi needs a wider choice of products to take off, says Animoca Brands CEO

A wider choice of quality games is needed to bring the masses into GameFi, according to Robby Yung, CEO of Animoca Brands. The lack of a wide choice of high-quality pr...

Nexo to pay $45 million to settle SEC charges

Nexo reached a $45 million settlement with US regulators, including the SEC. The crypto lender allegedly offered unregistered securities via its Earn Interest Product. Nexo will pay $22.5 to state regulators and the rest to the SEC, with this expect...

FTX bankruptcy lawyer: debtors face 'assault by Twitter' stemming from Sam Bankman-Fried

The judge ruled there were no potential conflicts of interest sufficient to stop Sullivan & Cromwell from continuing to act as the debtors' counsel. James Bromley...

Fantom launches on-chain funding system Ecosystem Vault

Fantom Foundation, the platform behind the Fantom (FTM) blockchain announced the launch of Ecosystem Vault on Friday. Vault is a decentralised funding mechanism that will be financed by 10% of FTM transaction fees. The funds in the vault are availab...

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