Coinbase to roll out ‘Moving America Forward’ national campaign for crypto
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First Mover Asia: Bitcoin Holds Steady Near $27K as Investors Weigh Debt Ceiling Developments
Good morning. Here’s what’s happening:Prices: Bitcoin at $26.8K maintains its debt-ceiling holding pattern.Insights: Crypto as a hedge? The citizens in two large, emerging countries and other major significant economies seem to be turning to digital assets as their currencies struggle.Boring Bitcoin Slumbers Near $27KBitcoin held comfortably in its most recent range on Monday as investors…
Hotbit Closes Operations as Centralized Exchanges ‘Becoming Increasingly Cumbersome’
Shanghai-based cryptocurrency exchange – Hotbit – announced its decision to stop all its operations starting May 22. The team behind the platform believes centralized exchanges are “becoming increasingly cumbersome.” It further added that the highly complex and interconnected businesses are difficult to comply with, whether for compliance or decentralization and are “unlikely to meet long-term…
Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say
Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing its bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy.Core Scientific’s counsel said the miner could reach a reorganization plan by Sept. 25. That…
DCG Missed Promised $630 Million Loan Repayment, Says Gemini
The Digital Currency Group (DCG) has been dealing with financial turmoil for several months now. Mostly, its financial issues are due to the liquidity crisis that one of its owned companies, Genesis, is facing. Internal and External Disputes Although the financial problems of the DCG Group primarily boil down to the predicament Genesis is in,…