Bankruptcy
Roger Ver says he can afford to pay Genesis $20M but insolvency changes agreement
Ver claims that his agreement required the company to remain solvent.
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Legal
Arizona senator keeps pushing to make Bitcoin legal tender
If approved, the bill would allow Arizona residents to transact and pay taxes with BTC. A similar bill was first introduced in January 2022.
Regulation
Circle blames SEC for failed plan to go public
Circle said it expected the SEC to have a "thorough, rigorous review process" but the regulator failed to process its S-4 registration before the expiration of its SPAC deal despite ample time.
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Bankruptcy
Core Scientific raised $500M from BlackRock, Apollo and others
Core Scientific also received over $50 million from these institutional investors in DIP loans to continue operations during bankruptcy proceedings.
Bankruptcy
Genesis creditors launch class action lawsuit against DCG, Barry Silbert
The lawsuit alleges that Genesis violated the Securities Act and seeks to hold DCG and Silbert liable as "control persons."
Bankruptcy
Unredacted BlockFi financials show over $1.2B link to FTX, Alameda
The uncensored documents show that nearly half of BlockFi's unadjusted assets are linked to FTX and Alameda — more than previously disclosed.
Bankruptcy
Celsius may restructure and issue new token
The company's plans must still be approved by courts and creditors.
Regulation
Grayscale, SEC will voice oral arguments over GBTC ETF conversion in March
The next stage of legal proceedings will take place sooner than expected.
Regulation
SEC’s Hester Peirce says crypto industry should not wait for regulators to solve problems
SEC Commissioner Hester Peirce advocates for a more transparent and collaborative approach to crypto regulation, emphasizing the importance of decentralization and the diversity of the crypto space.