Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio.
The securities are part of the $69 billion
After operating for more than ten years, the Finland-based peer-to-peer (P2P) Bitcoin platform LocalBitcoins, is shutting down operations. On February 9th, LocalBitcoins announced that the company was ceasing operations due to challenging market conditions.
LocalBitcoins CEO Nikolaus Kangas stated that “regardless of our efforts to overcome challenges and turn our
Grayscale Investments, LLC, CEO Michael Sonnenshein, Digital Currency Group, and Barry Silbert are being sued by Alameda Research Ltd., the hedge fund run by disgraced former billionaire Sam Bankman-Fried.
A press release covering the lawsuit stated:
FTX Debtors are seeking injunctive relief to unlock $9 billion or more in value
Grayscale Investments, LLC, CEO Michael Sonnenshein, Digital Currency Group, and Barry Silbert are being sued by Alameda Research Ltd., the hedge fund run by disgraced former billionaire Sam Bankman-Fried.
A press release covering the lawsuit stated:
FTX Debtors are seeking injunctive relief to unlock $9 billion or more in value
Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio.
The securities are part of the $69 billion
After operating for more than ten years, the Finland-based peer-to-peer (P2P) Bitcoin platform LocalBitcoins, is shutting down operations. On February 9th, LocalBitcoins announced that the company was ceasing operations due to challenging market conditions.
LocalBitcoins CEO Nikolaus Kangas stated that “regardless of our efforts to overcome challenges and turn our
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
European Union legislators have voted in favor of imposing rigorous capital requirements on banks that hold Bitcoin and cryptocurrencies.
Economic spokesperson for the EU parliament’s European People’s Party Markus Ferber states that “banks will be required to hold a euro of their own capital for every euro they
The unregistered offering and sale of securities to retail investors through the Gemini Earn crypto asset lending program was charged by the Securities and Exchange Commission (SEC) today against Genesis Global Capital, LLC and Gemini Trust Company, LLC.
The SEC claims that Genesis and Gemini raised billions of dollars’ worth
A Bitcoin exchange-traded fund (ETF) is being introduced by Samsung Asset Management in Hong Kong.
According to a report by Fortune Korea, the Samsung Bitcoin Futures Active ETF (3135:HK) invests in Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) in an effort to achieve performance that is
Cameron Winklevoss, the co-founder of Gemini, has published a letter in which he accuses Genesis and its parent company, Digital Currency Group (DCG), of defrauding Gemini and over 340,000 Gemini Earn users. In addition, the letter claims Barry Silbert committed acts of fraud along with other key personnel within
