Author: e_cash_top

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[ad_1] The cryptocurrency market cap saw net outflows of $27.2 billion over the last 24 hours and currently stands at $1,023.36 billion — down 2.6% from $1,050.56 billion. Over the reporting period, the Bitcoin market cap fell 1.2% to $436.03 billion from $441.36 billion. Similarly, Ethereum’s market cap fell 4.6% to $189.4 billion from $198.68…

Celsius gets approval to airdrop Flare tokens to eligible accounts

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[ad_1] The U.S. bankruptcy court has authorized Celsius to distribute Flare token airdrops to eligible account holders. Flare Network is a Layer-1 protocol that connects decentralized data between chains. The protocol had committed to airdrop Flare native tokens (FLR) to wallets holding at least 1 XRP token as of Dec. 12, 2020. The first batch…

Genesis creditors launch class action lawsuit against DCG, Barry Silbert

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[ad_1] Genesis creditors are suing Digital Currency Group (DCG) and its CEO Barry Silbert for alleged violations of federal securities laws, according to a press release on Jan. 23. The class action lawsuit seeks to hold DCG and Silbert liable as “Control Person(s)” in accordance with federal securities laws — DCG being the parent company of…

Digital Surge creditors agree to 5-year repayment plan following FTX exposure

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[ad_1] Australia-based crypto exchange Digital Surge creditors agreed to a rescue plan to pay them over five years from the firm’s quarterly net profits, according to Business News Australia (BNA) report. Digital Surge was one of the firms impacted by FTX’s collapse in November 2022, according to the report. Digital Surge had roughly $23 million…

Genesis subsidiary sues ‘Bitcoin Jesus’ for $20.86M

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[ad_1] Genesis Broker, Exchange, Lending Company in North America Genesis is an institutional digital asset markets and a full-service digital currency prime brokerage providing a single point of access for select qualified individuals and global institutional investors. More about Genesis Info Twitter LinkedIn [ad_2] Source link

Crypto market liquidation tops $200M in 24 hours

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[ad_1] After a weeklong rally that pushed Bitcoin (BTC) value above $23,000, the crypto market experienced a significant sell-off in the last 12 hours that liquidated $183.99 million, according to Coinglass data. Total liquidations over the last 24 hours stood at $223.43 million as of press time. Of these liquidations, 90.29% occurred on traders who…

Celsius may restructure and issue new token

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[ad_1] Bankrupt crypto lender Celsius could soon restructure and issue a cryptocurrency token to compensate users, according to a report from Bloomberg on Jan. 24. During a court hearing, Celsius attorney Ross M. Kwasteniet said the company could be reorganized into a publicly-traded company with proper licensing. That approach could serve as an alternative to…

CME exchange sees 84,000 BTC or $2B allocated in futures contracts in last 24 hours

Jan 24, 2023

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[ad_1] Definition Future’s open interest is the total amount of funds (USD Value) allocated in open futures contracts. Quick Take As CryptoSlate has discussed in previous insights, futures open interest has declined since the collapse of FTX. However, the exchange CME has seen a whopping increase of over 84k BTC, the equivalent of almost $2B…

Grayscale, SEC will voice oral arguments over GBTC ETF conversion in March

Jan 24, 2023

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[ad_1] Grayscale and the U.S. Securities and Exchange Commission will soon have their oral arguments heard in court regarding the conversion of Grayscale Bitcoin Trust into an exchange-traded fund, according to a court filing dated Jan. 23. The SEC made the decision to reject a proposal from Grayscale that would allow the company to convert…

Ronin surges by 20% in a day amid upcoming token unlock

Jan 24, 2023

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