Celsius Seeks Court Approval on Restructuring Plan
- The bankrupt crypto lender said that if its reorganization plan is approved, it is ready to start repaying its customers using $2 billion in BTC and ETH by the end of the year.
- If given the green light, Celsius will restart its business under the “NewCo” brand without any funded debt, and with seed funding of up to $450 million.
October 3, 2023, 12:18 PM
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Genesis Sues DCG and DCGI for Over $600M in Unpaid Loans
- Bankrupt crypto lender Genesis is trying to recover around $500 million from DCG, and another 4,550.5 BTC from DCGI, which it had loaned to the two companies in 2022.
- Both DCG and DCGI requested that the debts were converted to open loans on 9 May, but Genesis declined both offers and demanded the repayment of the loans with interest.
September 7, 2023, 1:06 PM
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SEC Staff Asked Coinbase to Delist all Crypto Except BTC Before Lawsuit
- During an interview with FT, CEO Brian Armstrong said that before the lawsuit a SEC staff member had said that all crypto except BTC was security, and should be delisted.
- When asked how he came to that conclusion, the SEC staff member reportedly said “we’re not going to explain it to you, you need to delist every asset other that Bitcoin”.
July 31, 2023, 1:26 PM
Coinbase CEO Brian Armstrong appears on stage at the 2014 TechCrunch Disrupt Europe/London, at The Old Billingsgate on October 21, 2014 in London, England. Anthony Harvey/Getty Images for TechCrunch
RFK Jr. Promises to Exempt BTC from Capital Gains Tax if Elected President
- Presidential candidate Robert F. Kennedy Jr. argued that exempting BTC to USD conversion from capital gains tax will facilitate innovation and spur investments into the country.
- RFK Jr. also said that if elected, his administration will try to stabilize the U.S. economy by backing the dollar with “hard currency”, including gold, silver, platinum, and Bitcoin.
July 19, 2023, 12:21 PM
Robert F. Kennedy Jr. on the red carpet at Celebrity Fight Night XXIII at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona, 18 March, 2017. Gage Skidmore/Flickr
Jun 21, 2023
Invesco and WisdomTree Join the Race for Spot Bitcoin ETF
- Investment firms Invesco and WisdomTree both followed the example of BlackRock from last week, and filed for their own spot Bitcoin ETFs with the U.S. SEC.
- Although the SEC is yet to approve a single spot Bitcoin ETF product, ETF analysts say there is a good chance BlackRock is the first considering its history with ETFs.
Jun 20, 2023
Binance Working on Bitcoin Lightning Network Integration
- The crypto exchange confirmed on Tuesday that it has started the process of integrating the technology, and that it is already running Lightning Network nodes.
- Crypto exchanges Kraken, OKX, and Bitfinex have already integrated the technology into their platforms, while Coinbase said it will do so in the future.
May 25, 2023
DeSantis Launches Presidential Campaign, Vows to Protect Bitcoin
- The current governor of Florida, Ron DeSantis, announced he is joining the race for the 47th president of the U.S. during a Twitter Spaces event on Wednesday.
- During his speech DeSantis declared his support for Bitcoin and the wider crypto space, noting that if Joe Biden is re-elected “they’ll probably end up killing it”.
May 17, 2023
Court Denies SEC’s Request to Seal Hinman Speech Documents in Ripple Lawsuit
- These documents are seen as central in Ripple’s battle against the SEC, which in 2020 accused the company of selling its XRP token without registering it as a security.
- The documents in question are internal emails, text messages, and expert reports that followed Hinman’s 2018 speech, in which he said ETH and BTC were not securities.
May 9, 2023
Binance’s NFT Marketplace to Add Support for Bitcoin Ordinals
- The Binance NFT marketplace said it will soon expand its multichain ecosystem, and add support for Bitcoin Ordinals, which are also known as Bitcoin NFTs.
- The platform said it will allow users to purchase and trade Ordinals directly from their Binance accounts, bypassing the need to create a separate inscription wallet.
May 8, 2023
Binance Resumes BTC Withdrawals Hours After Second Pause
- The exchange first paused Bitcoin withdrawals late on 7 May due to a network congestion issue, but resumed them only an hour and a half later.
- The second pause took place early on 8 May, and lasted almost three hours, but the issue now appears to be fixed after the exchange adjusted its transaction fees.