Crypto exchange Gemini rejected the proposed settlement deal between bankrupt crypto platform FTX and Genesis, according to an Aug. 31 court filing. Gemini posited that the proposed settlement between the failed firms is an attempt to manipulate the voting process for the bankruptcy plan, further describing it as a “sweetheart pre-plan deal” designed to benefit […]
Binance receives unprecedented Bitcoin transfer as ‘whales’ influence sends market plunging
Quick Take Yesterday marked a significant movement in the Bitcoin market, recording a roughly 4% decline in value, as the price of Bitcoin plunged below the $26,000 mark. This move was coupled with the largest influx of Bitcoin to exchanges witnessed in 2023, with the majority of these inflows accredited to prominent holders, commonly referred […]
China court declares virtual assets as legal properties protected by law: Report
Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.
Crypto Asset Businesses in the United Kingdom: Navigating the New Travel Rule
In the fast-evolving world of cryptocurrency, regulations are constantly changing to keep up with the innovative financial landscape. On September 1, a significant development took place in the United Kingdom that affects crypto asset businesses. The new Travel Rule for crypto came into effect, introducing stringent requirements for virtual asset service providers (VASPs) based in […]
Ethereum’s Battle Royale: Staking Services Limit to 22% Amid Lido’s Dominance
A notable amount of Ethereum staking providers are committing to self-limit, and own nothing more than 22 percent of the Ethereum staking market. While some community members agree that the move will strengthen decentralization, others argue that the move is not being made in good faith. A new development championed by Ethereum liquid staking providers […]
Litecoin (LTC) and Optimism (OP) Bearish Pressure Jumps As Holders Migrate to the Everlodge (ELDG) Presale
Recent times have seen bearish pressure impacting established cryptocurrencies like Litecoin (LTC) and Optimism (OP) as holders flock to the Everlodge (ELDG) presale. This article dives into the shifting landscape, exploring the factors driving this migration and the potential implications for these tokens, Join the Everlodge presale and win a luxury holiday to the Maldives […]
The Bank of England Needs a £150 Billion Bailout
The central bank of United Kingdom needs a bailout to the tune of £150 billion 15 years after it bailed out commercial banks following the 2008 collapse.
Ticketing Marketplace Valicit Hits 230K in Sales for Numi’s Metaverse Game Event
Decentralized ticketing platform Valicit has sold more than 230,000 tickets to the Numi metaverse’s Numi Stories Club 404 grand opening on Venom Testnet. According to a press release sent to CryptoPotato, the tickets will give players access to early multiplayer functionality in Numi’s metaverse game event. Valicit Records 230,000 in Numi’s Ticket Sales Numi, the […]
Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX Deal
Creditors of bankrupt crypto lender Genesis Global Capital (GGC) have hit out at a proposed $175 million deal with the defunct exchange FTX, accusing GGC of vote-buying to “manipulate” the bankruptcy process. The Thursday filings present another headache for Genesis, which is hoping to wind up its affairs and start returning money to former customers. […]
SEC ETF delay pulls market back leading to $130M liquidation havoc
The U.S. Securities and Exchange Commission’s latest delays on the spot Bitcoin (BTC) ETF applications led to a market-wide pullback that resulted in $130 million in liquidations over the last 24 hours. SEC delays spot ETF decision On Aug. 31, the financial regulator issued notices indicating the postponement of decisions on all ETF applications until […]