Author: e_cash_top
-

Genesis bankruptcy plan revised for orderly wind down and asset liquidation
[ad_1] Crypto lender Genesis Global Capital filed an amended Chapter 11 bankruptcy plan on Wednesday, Oct. 25, to resolve outstanding claims and interests of creditors. The amended plan results from extensive negotiations between Genesis, the Official Committee of Unsecured Creditors, crypto exchange Gemini, and the Ad Hoc Group of Genesis Lenders. While substantial agreement has…
-

Understanding the phenomenon of Base
[ad_1] Base publicly launched its mainnet just over two months ago, and the launch was phenomenal. Despite the bear market, it demonstrated exponential growth in just over two weeks. Now that the hype around Base has cooled down, it is time to examine the state of the network. Let’s explore the key stats of the…
-

Grayscale ETF ruling comes into effect; Bitcoin experiences 7.6% daily gains
[ad_1] Courts issued a new mandate concerning Grayscale’s spot Bitcoin ETF proposal on Oct. 23, followed by gains across multiple markets. Grayscale aims to convert its GBTC fund to a spot Bitcoin exchange-traded fund (ETF). Courts issued a judgment compelling the U.S. Securities and Exchange Commission (SEC) to review the relevant proposal on Aug. 29.…
-

CME sees over 100k BTC in open interest amidst rising institutional interest
[ad_1] Quick Take The interest in Bitcoin is on an upward trajectory, a trend palpable in the recent data analysis. One aspect that has drawn media attention, including CryptoSlate, is the potential approval of a Bitcoin spot Exchange Traded Fund (ETF). This development could act as a springboard, propelling Bitcoin into the mainstream financial ecosystem…
-

BlockFi emerges from bankruptcy; will pay loan and interest users in early 2024
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
-

Ledger launches controversial Recover service
[ad_1] Hardware wallet company Ledger announced on Oct. 24 that its controversial wallet recovery service, Ledger Recover, is now available to customers. Recover allows users to link their personal ID to an encrypted and fragmented secret recovery phrase, which is stored with three separate companies. Pascal Gauthier, chairman and CEO of Ledger, tweeted: “Today is…
-

Jameson Lopp demonstrates why Hal Finney could not have been Satoshi Nakamoto
[ad_1] Jameson Lopp, a significant figure in the Bitcoin community, published a detailed blog post on Oct. 21 dismissing the speculation that programmer Hal Finney was Satoshi Nakamoto. The anonymity of Satoshi Nakamoto has been a matter of intrigue since Bitcoin’s (BTC) debut in 2009. Speculation has real-world implications, as evidenced by the experiences of…
-

Republicans nominate crypto advocate Tom Emmer for Speaker of the House
[ad_1] Republicans in Congress have selected Tom Emmer, one of Congress’ foremost cryptocurrency advocates, as their nominee for Speaker of the House on Oct. 24. Emmer, currently serving as the majority whip, faces a challenging path to secure the position, as a final vote on his nomination within the House still lies ahead. Furthermore, there…
-

Bitcoin retracts and rebounds after BlackRock’s new ETF ticker removed from DTCC website
[ad_1] Intense speculation surrounds the potential approval of BlackRock’s Bitcoin Exchange Traded Fund (ETF) as the crypto market navigates through a roller-coaster ride of sudden price movements. The volatility implies a market on edge, eagerly anticipating a decision by the U.S. Securities and Exchange Commission (SEC). Bitcoin (BTC) briefly topped $35,000 on Tuesday in the…
-

CME sees over 100k BTC in open interest amidst rising institutional interest – K33 Research
[ad_1] Quick Take The interest in Bitcoin is on an upward trajectory, a trend palpable in the recent data analysis. One aspect that has drawn media attention, including CryptoSlate, is the potential approval of a Bitcoin spot Exchange Traded Fund (ETF). This development could act as a springboard, propelling Bitcoin into the mainstream financial ecosystem…