Celsius Network, the once-struggling crypto lending platform, has successfully emerged from bankruptcy by fulfilling all obligations outlined in its reorganization plan. This marks the end of an 18-month-long process that commenced with the platform’s bankruptcy filing in July 2022. Celsius Network’s Road to Recovery The journey towards financial recovery was arduous, with Celsius Network owing […]
FTX Abandons Relaunch, Vows Full Customer Repayment (With a Twist)
FTX, the crypto exchange founded by Sam Bankman-Fried, has officially abandoned its efforts to restart operations. Instead, the company has chosen to initiate the process of liquidating all its assets and returning funds to its customers. This decision was communicated by FTX attorney Andy Dietderich during a recent bankruptcy court hearing held in Delaware. FTX […]
Biden administration unveils ‘emergency’ Bitcoin mining survey
Biden administration launches emergency data collection on US crypto mining energy use, requesting info on operations from mining companies.
Bitcoin To $5 Million? S2F Model Predicts When This Will Happen
Using historical and future Bitcoin halving events, the Bitcoin Stock to Flow (S2F) live data chart model has pointed toward a BTC surge to unprecedented highs during the 2028 to 2032 halvings. Bitcoin To Hit $5 Million After 2028 Halving Crypto analyst Bit Harington recently shared insights in a post on X (formerly Twitter) about […]
Coinbase Boosts Regulatory Team with Ex-UK Government Minister Hire
Coinbase, a prominent player in the cryptocurrency exchange sphere, is experiencing a shift in its market dynamics as it actively recruits former government officials for its global expansion efforts. Notably, the recent addition of George Osborne, former UK Finance Minister, to Coinbase’s team underscores the exchange’s strategic approach to regulatory compliance and growth. Coinbase’s Strategic […]
Celisus Bankruptcy is Over: Here’s What Creditors Will Get
Celsius Network concludes its bankruptcy process, distributing vast crypto and fiat assets to creditors and establishing a Bitcoin mining firm. Continue reading at DailyCoin.
Valkyrie Becomes First Spot Bitcoin ETF to Diversify Coin Custody, Uses Coinbase and BitGo
Digital asset investment firm, Valkyrie, has become the first spot Bitcoin Exchange-Traded Fund (ETF) to diversify the custody of its coins, according to a recent Securities and Exchange Commission (SEC) filing. In a move to enhance security and reliability, Valkyrie is now working with leading custodian provider BitGo, already in addition to Coinbase, to safeguard their funds. […]
Jupiter Founder Brushes Off Airdrop Backlash: ‘People Don’t Understand Anything’
The pseudonymous Meow isn’t bothered by the ‘FUD,” and says crypto influencers crying foul “only understand buy/sell.”
MIM Stablecoin Loses Dollar Peg Following Abracadabra Hack
MIM stablecoin Read CoinChapter.com on Google News YEREVAN (CoinChapter.com) — On Jan. 30, the decentralized stablecoin Magic Internet Money (MIM) experienced a significant drop. According to market data, it fell to an all-time low of $0.84. MIM is backed by collateral and issued by the Abracadabra DeFi lending platform. A hack on Abracadabra Finance caused […]
Comedian Larry David said he was ‘an idiot’ to do FTX Super Bowl ad
The comedian who encouraged Super Bowl viewers not to “miss out” on crypto said he “lost a lot of money” after doing an ad spot for FTX.