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The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets. Go to Source Powered by WPeMatico
According to Barney Frank, Signature Bank’s only issue prior to regulators seizing control in March was “crypto-fear inaccurate withdrawals.” Go to Source Powered by WPeMatico
Under a bill proposed by New York Attorney General Letitia James, crypto exchanges could be required to reimburse users who were the victims of fraud. Go to Source Powered by WPeMatico
The court case might have a decisive influence on the legal classification of NFTs. Go to Source Powered by WPeMatico
Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services. Go to Source Powered by WPeMatico
The move comes after a judge expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network services while on bail. Go to Source Powered by WPeMatico
Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000 application-specific integrated circuit (ASIC) bitcoin miners are now online, and another 8,000 mining … Read more
The NY Attorney General is looking for a court order to remove the exchange from the state and wants it to block all internet addresses originating from New York. Go to Source Powered by WPeMatico
Paxos said it will engage with the US securities regulator on the matter and is prepared to “vigorously litigate if necessary.” Go to Source Powered by WPeMatico
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators … Read more
