US Trustee challenges FTX reorganization plan, citing legal concerns

August 25, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations.

Cooperation between fiat currency card issuers and the blockchain industry appears to be proceeding apace.On Feb. 24, sports fan token project Socios announced the launch of an integrated membership and fiat-crypto prepaid debit card, which also provides blockchain-based global ID functionality.Ahead of the product’s launch, Socios says it is continuing to review several crypto and…

FT Highlights Crypto as One of Last 10 Years’ ‘Biggest Changes’ in Financial Markets

The Financial Times (FT) has released a Special Report on global financial markets Monday, October 1. In the report, FT dedicated two out of six sections to the cryptocurrency industry.In their report entitled “Exchanges, Trading and Clearing,” FT names cryptocurrency alongside such phenomena as Brexit and the emergence of new markets as “some of the…

Bitcoin bull market over? ‘Decembear’ has only sent BTC price 2% lower

Bitcoin needs to dip much harder to deliver even standard December downside, data shows, as BTC price targets continue to focus on the mid-$80,000 area.

Cure for the itch: Deputizing blockchain to fight public corruption

Puerto Rico recently announced that it may be looking for a blockchain solution to fight government corruption, particularly after a Puerto Rican mayor pleaded guilty to accepting a cash bribe of more than $100,000. But could a distributed digital ledger really make an impact in the unincorporated United States territory’s struggle against public fraud and wrongdoing?…

Class action suit against Coinbase alleges unregulated securities sales

Plaintiffs say 79 tokens that Coinbase sells meet the definition of securities, but they were not warned of their risks. 702 Total views 31 Total shares Three individuals who bought cryptocurrency through Coinbase filed a proposed class action March 11 in the Southern District Court of New York alleging that Coinbase is operating as an…

Bitcoin jumps above $71k as markets await US election results

Memecoins DOGE and SHIB have outperformed on US election day as US citizens cast their ballots.

Billionaire Henry Kravis Invests in Former Employee’s Crypto Fund

Billionaire Henry Kravis has started investing in the cryptocurrency space, according to a report by Bloomberg on June 28Ben Forman, a former employee of Kravi’s KKR & Co, said that Kravis has invested in the flagship fund for his blockchain-focused investment firm ParaFi Capital of San Francisco.Discussing his decision to leave KKR to found ParaFi…

Binance unlikely to enter Japan in 2020 after negotiations fail

A spokesperson for Tao Tao said it "could not agree on a strategy" with Binance. Japan-based digital asset trading platform Tao Tao ended negotiations with Binance, setting back the timeline for the crypto exchange to launch trading services for users in the Asian nation.According to an Oct. 5 update from Tao Tao, the platform stated…

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