An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.
Crypto activity in East Asia fell from its perch after China began its crusade against crypto in 2019. Recent moves by Hong Kong could help reverse that trend, said the blockchain analytics firm.
A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange.
The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. SEC and Do Kwon possibly nearing the end of his sentence in Montenegro.
Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’
The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”
CFTC Chairman Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need for modern legislation.
The former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at the Met Gala, only to cancel at the last minute.
The latest delays came two weeks before the second deadline for many applicants.
The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers.