Celsius Custody Gets 72.5% Crypto Back From Bankruptcy Judge
22. März 2023• A US bankruptcy judge has approved a settlement plan for Celsius Network allowing custody account holders to get back 72.5% of their crypto claims. • The claimants cannot pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action. • Under the agreement, digital assets not part of the settlement will be controlled by the Celsius debtors. Celsius Network Receives Bankruptcy Settlement Approval A United States Bankruptcy Judge Martin Glenn signed off on an agreement on March 21st allowing Celsius custody account holders the right to receive 72.5% of their crypto claims…
Veteran Producer Reveals How Blockchain Games Can Reach Mainstream Adoption
• Peter Bergstrom, a veteran of the mainstream gaming industry, is working to bring blockchain gaming up to par with traditional video games. • Bergstrom talks about what makes or breaks a game title and why blockchain games haven’t taken…
BTC Needs to Dip to $19.3K to Cool Profit-Taking: New Data
• Data from Glassnode reveals that Bitcoin (BTC) may need to dip below $20,000 in order to reset a key metric related to speculative profit-taking. • The market value to realized value (MVRV) metric shows that short-term holders (STHs) have…
Solana CEO Debunks Claims Network Outages Caused by On-Chain Voting
• Solana Labs founder and CEO Anatoly Yakovenko denied claims that the recent network outages were caused by the high volume of validator messages and its on-chain voting system. • The root cause of the outage is still unclear, but…
FTX Japan to Resume Withdrawals: We Apologize for Inconvenience
• Crypto exchange FTX Japan announces the resumption of withdrawals on Feb. 21 • The exchange halted operations in November 2022 after its parent firm, FTX, filed for bankruptcy and froze the assets of an estimated 9 million customers •…
UK Think Tank Launches Crusade Against ‚Surveillance‘ CBDCs
• The UK Tax Reform Council has launched a campaign against the Bank of England’s plans to introduce a central bank digital currency. • The think tank shares similar concerns to the U.K. Bitcoin community, which has been vocal in…
South Korea Regulates Digital Assets as Security Tokens
• South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country. • Digital assets that fit the characteristics laid out in the country’s Capital Markets Act will be treated…
U.S. Government Debt Reaches $1 Trillion: Could a Debt Crisis be Looming?
• The US Federal Reserve is removing liquidity from the financial system to fight inflation. • Analysts predict that the Fed will have no choice but to cut or risk a catastrophic debt crisis. • Interest payments on current US…
Genesis Capital Files for Chapter 11 Bankruptcy, DCG Denies Involvement
• DCG’s parent company, Digital Currency Group, denied involvement in Genesis‘ bankruptcy filing. • A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection. • Filing for Chapter 11 will allow Genesis to seek…
Grayscale Challenges SEC’s Denial of Bitcoin ETF Application in Court
• Grayscale filed a reply brief in its appeal of the SEC’s denial of its application to convert its $12-billion Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin (BTC) exchange-traded fund (ETF). • The SEC based its decision on findings…
Bitcoin Breaches $21k: Analysts and Traders Weigh In on Where BTC Could Go Next
• Bitcoin price is currently above the psychologically important $21,000 level. • Fear and Greed Index indicates investor sentiment is at a monthly high. • Analysts and traders are issuing their thoughts on where BTC price could head next. The…