US trustee challenges FTX reorganization plan, citing legal concerns

Tim Draper, the billionaire and Bitcoin bull who has backed Tesla, SpaceX and Coinbase, is making moves into decentralized finance. He is now investing in DeFi Money Markets DAO (DMM DAO), according to the DMM Foundation’s official announcement on March 16. The billionaire is investing in governance tokensDraper Goren Holm Ventures, the leading fintech VC fund…

As Bitcoin (BTC) continues to pick up mainstream traction, the asset's blockchain scalability remains an issue, according to Decred co-founder Jake Yocom-Piatt. "There is enough demand for on-chain Bitcoin transactions during peak demand times to completely fill blocks and drive fee rates up substantially," Yocom-Piatt told Cointelegraph, noting the struggles Bitcoin's network may face during times of…

Bitcoin (BTC) begins a new trading week within 5% of the mythical $20,000 price level — but can it get there this time?As the largest cryptocurrency lines up for another shot at overcoming seminal resistance, Cointelegraph looks at the market factors influencing price performance on Monday.Vaccine, stimulus decision fuels risk appetiteOn a wider macro level,…

United Arab Emirates-based cryptocurrency exchange BitOasis has reportedly secured preliminary approval with financial regulators, Bloomberg reported on May 13.Founded in 2015, BitOasis claims to be the Middle East's first digital currency wallet that uses multi-signature technology. The company previously announced that it was seeking to be fully licensed in the financial center Abu Dhabi Global…

Telegram tapper games have “finally” brought the mass adoption to crypto the industry has waited for, says Blum founder and CEO Gleb Kostarev.

Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure. 112 Total views 1 Total shares The United States Government Accountability Office, or GAO, has released its preliminary review of the failures of Silicon Valley Bank and Signature Bank — and included…

China's first blockchain-based electronic invoice for a subway ride was issued at the Futian Station of the Shenzhen Metro, local finance publication Securities Daily reports on March 18.Shenzhen is the first economic special zone in China. The e-invoice function is the jointly developed project of the Shenzhen Municipal Taxation Bureau and Chinese tech giant Tencent,…

Last week, Russian officials revealed plans to build a major financial center on an island in the Far East, which would cater to cryptocurrencies, among other things.Notably, the creation of special economic zones for crypto has been an enduring idea both in Russia — similar proposals have been previously made in regard to Crimea, a…

The cross-chain liquidity protocol has put special focus on user experience with a simple user interface without them having to deal with complex virtual networks. 326 Total views 12 Total shares At a time when the decentralized finance (DeFi) protocols have seen a significant outflow of funds from the market, maintaining liquidity has become even…