According to remarks made by Sean O’Neal of Cleary Gottlieb, who is representing Genesis, a division of Digital Currency Group (DCG), a restructuring agreement has been reached with creditors. The sale of Genesis Global Trading would be one part of this plan to maximize recovery. The agreement will also

Just days after the UK announced the next stages of its plan to regulate Bitcoin and cryptocurrencies, Australia seems to have followed suit. In a new announcement, Australia’s government has unveiled the first step of what is being called a “multi-stage plan” to regulate Bitcoin and crypto. “The multi‑

The purchase of Burling Bank, an FDIC-insured Illinois state chartered bank, has been announced by LevelField Financial, a U.S. financial firm that provides digital asset services. According to the press release, LevelField will become the first finance entity that manages Bitcoin while being FDIC-insured and fully compliant. The bank

The United Kingdom has announced its plans to regulate Bitcoin and other cryptocurrencies within the country. “We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology," said Economic Secretary to the Treasury, Andrew Griffith. “But we must also