BlockFi plans to sell $160M worth of BTC miner-backed loans
The price of BTC mining rigs fell nearly 85% over the past year, causing some loans to become under-collateralized.
Genesis aims to close a deal with creditors
Genesis has "confidence" it can resolve disputes with creditors this week. The lender is looking to exit bankruptcy by May 19.
Ex-FTX chief regulatory officer alleges misconduct by S&C, Ryne Miller
Daniel Friedberg alleged that S&C breached ethical obligations and made false statements while Miller channeled business to S&C.
Genesis owes over $3.5B to top 50 creditors, owes $765.9M to Gemini Earn users
Genesis' bankruptcy filing shows a much lower debt liability to Gemini Earn users than the $900M debt Cameron Winklevoss had claimed.
Genesis Global caves to liquidity issues, files for Chapter 11 bankruptcy
Genesis' custody, derivatives, broker-dealer, and spot trading business are not part of the bankruptcy proceedings.
Number of ETH holders grew 3.6x to 87M in 2022
Ethereum holders account for 20% of the 425 million global crypto investors, while BTC holders account for 52%.
OKX reports $7.5B Proof-of-Reserves in BTC, ETH, USDT
OKX reserves are 100% clean, meaning that the exchange reserves do not contain the exchange's native token, according to CryptoQuant data.
S. Korea indicts 20 people for illegal $170M crypto profiteering
The accused individuals sent around $3.2B out of S. Korea under false pretenses, violating foreign exchange laws, to buy crypto abroad.
Ex-India RBI chief says crypto price collapse will unlock ‘true value’ of crypto
Raghuram Rajan's views stand at odds with that of the current RBI governor, who is pushing for a blanket ban on crypto.
National Australia Bank to launch AUD-backed stablecoin
The stablecoin, AUDN, will focus on reducing settlement time, bringing down cost of international transfers, and carbon credits.
Hong Kong exchange Bitzlato seized; founder arrested
Bitzlato was the second-largest crypto transactions counterparty for users of Hydra, the darknet marketplace shut down last year.
SEC crypto enforcement actions up 50% in 2022 – nearly half against ICOs
Out of 127 enforcements actions launched since 2013, 73% alleged unregistered securities offering, 59% alleged fraud and 44% alleged both.
SBF said it was ‘okay’ that Alameda was borrowing FTX user funds
Before FTX's collapse, SBF was hoping that an increase in crypto prices would solve the problem of Alameda losing FTX user funds.
Vauld has until Feb. 28 to figure out a revival plan
In early January, Vauld turned down Nexo's final acquisition offer. Vauld is now weighing bids from two fund managers.
Wallets of NFT influencer drained in OBS malware attack
Along with draining all crypto and NFTs, the attackers gained control of NFT God's social media accounts and his Substack blog.
Ex-FTX US president calls SBF insecure, spiteful, and volatile
Brett Harrison claims SBF was intransigent and lashed out with "dysregulated hostility" and "gaslighting" in the face of disagreements.
DCG scrambling to raise funds to cover Genesis’ $3B debt burden
DCG is trying to liquidate its venture capital holdings worth $500 million, which is less than 17% of Genesis' outstanding debt.
Argo’s mining revenue dipped 28% in December due to winter storm
Argo Blockchain mined 25% less BTC last month. Its debts amounted to $79 million as of Dec. 31 while it had $20 million in cash.
Binance-Voyager deal gets initial court approval despite SEC objections
The SEC, CFIUS and New Jersey regulators will be allowed to raise objections to the final approval of the deal in the future.