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Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale
Bankrupt crypto lender Celsius, its creditors, and its Series B holders have agreed on a settlement to distribute $25 million from the proceeds of the sale of GK8 to the shareholders, with $24 million allocated for legal expenses and $1 million to be distributed amongst the group.Self-custody platform GK8 was sold to Galaxy Digital as…

Prisoners’ Dreams to Stash $54M in Crypto in Exotic Locales Dashed as Feds Grab Them for Treasury
Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement.Officials discovered the funds in crypto wallets belonging to Christopher Castelluzzo, a convicted drug trafficker, and his co-conspirators, according to federal officials. The wallets held the

Blockchain Bites: Binance vs. Ethereum, MicroBT vs. Bitmain, Libra vs. the World
Apr 17, 2020 at 16:50 UTCPhoto by Birmingham Museums Trust on UnsplashBlockchain Bites: Binance vs. Ethereum, MicroBT vs. Bitmain, Libra vs. the WorldToday, Binance unveiled plans for a new smart contract blockchain competing with Ethereum, Bitcoin miner manufacturer MicroBT looks to beat Bitmain to market, and the road ahead for stablecoins looks bumpy."The industry needs…

NEO
NEO is a smart contract platform, similar to Ethereum, that was created by a team of developers in China and was formerly known as Antshares. It was designed to utilize “blockchain technology to digitize assets using smart contracts and common programming language”. The platform was created by Da Hongfei and Erik Zhang. It has the…

Miami Crew Leader Sentenced to 63 Months in Prison for Crypto Fraud
The leader of a Miami group accused of running a crypto scam that defrauded U.S. banks of $4 million was handed a 63-month prison sentence by a New York district judge on Wednesday.Esteban Cabrera Da Corte in April pleaded guilty to participating in the 2020 scheme to steal millions of dollars worth of crypto and

Energy Giant EDF Subsidiary Joins Cronos as a Blockchain Validator
Exaion joins Cronos as a validator three months after doing the same on Chiliz Chain.Validators maintain the operation and security of a blockchain network by authorizing smart contracts and verifying transactions.00:51Has Crypto Become Political?02:14FTX Victims File to Recover $8B in Forfeited Assets; Will Biden and Trump Shake Hands Before Debate?00:55DJT Token Rallied 180% on Trump

Polish Crypto Exchange Bitmarket Suddenly Shuts Down
news Polish cryptocurrency exchange Bitmarket has just shut down without warning. According to a brief message posted late on July 8 on its website, Bitmarket – said to have been Poland’s second-largest crypto exchange – stated: “We regret to inform you that due to the loss of liquidity, [from] 08/07/2019, Bitmarket.pl/net was forced to cease its…

CFTC Hints at Future Digital Asset Regulatory Framework
CFTC Chairman Heath Tarbert. (Joe Jenkins/CoinDesk archives) The Commodity Futures Trading Commission (CFTC), which regulates the U.S. bitcoin and ether derivatives markets, plans to develop a digital asset innovation blueprint by 2024. “We will develop a holistic framework to promote responsible innovation in digital assets,” the swaps regulator teased in its 2020-2024 Strategic Plan, released…