Category: Latest news

[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…

[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…

[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…

[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…

[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…

[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…

[ad_1] Ronin (RON) has surged by 20% in the last 24 hours, about two days before its token unlock. Ronin network will add 22.19 million RON worth currently $15.83 million (14.96% of the market cap) during the token unlock event scheduled for January 27, according to DropsTab insights. There will be two rounds of token…

[ad_1] Quick Take As the global world is facing extreme inflation, central banks are trying to reign in inflation by decreasing their balance sheets (quantitative tightening) and increasing interest rates. The blue line considers the central bank balance sheet of the US, Japan, UK, China, and Europe, which amounts to $760T. Down from $800T back…

[ad_1] Input Output CEO Charles Hoskinson said the transient nature of the Cardano node anomaly makes it challenging to pin down the exact cause. However, he added that the network handled the outage precisely as designed. Further, he praised the IO staff and Stake Pool Operators (SPOs) for rallying together to offset the issue. “Sh*t…

[ad_1] USD Coin (USDC) founder Circle attended the World Economic Forum (WEF) to explain “why USDC is a dollar with super powers.” The WEF took place between Jan. 16 and Jan. 20, 2023, in Davos and hosted over 1,500 industry leaders as well as government representatives from around the globe. According to Circle’s announcement, the…