The objection is seeking a deferral on Celsius motions until the independent examiner report on the company is filed over the next couple of months. The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select customers and sell its stablecoin holdings.The DOJ is...
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Transit Swap ‘hacker’ returns 70% of $23M in stolen funds
The funds returned so far has come in the form of Ether (ETH), Binance-pegged ETH and BNB ($14.2 million). A quick response from a number of blockchain security companies has helped facilitate the return of around 70% of the $23 million exploit of decentralized exchange (DEX) aggregator Transit Swap.The DEX...
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
The details of the withdrawal will reportedly be part of upcoming court filings, and it's possible the founder and former CEO of the crypto platform could be forced to pay it back. Celsius Network founder and former CEO Alex Mashinsky allegedly withdrew $10 million from the crypto lending platform just...
The future of DeFi is on TikTok
The younger generation doesn’t have disposable income now, but they’re financially savvy thanks to short-form videos on social media In July 2021, TikTok hit three billion downloads. The social network boasts more than one billion active monthly users. And, in the United States, TikTok is now more popular with Generation...
Music NFTs a powerful tool to transform an audience into a community
Music artists have the opportunity to develop tighter relations with their fans through the use of NFTs. As one of the oldest entertainment industries in existence, the music business has experienced many technological advances that enhanced widespread adoption. The digitalization of music meant that artists could reach any audience across...
Bitcoin Can Still Go to Zero, Peter Brandt Says
Jay-Z and Jack Dorsey Give $1,000 to Bitcoin Academy Attendants
Back in July, billionaire moguls Jay-Z (a rapper and businessman) and Jack Dorsey (the former CEO of Twitter) put their heads together to establish what they’re calling the Bitcoin Academy. Jay-Z Is Pushing Bitcoin Further The goal was to help all residents of the Marcy Houses in New York –...
XRP Scammers Hijack Account of Famous Spanish Musician
Next few weeks are ‘critical’ for stock market and Bitcoin, analyst says
Alessio Rastani, a cryptocurrency analyst and trader, shares his outlook on crypto, stocks and the forex market for the next weeks. The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long term-one, according to forex...
Perianne Boring: The SEC Must Approve a BTC ETF
The Securities and Exchange Commission (SEC) has yet to approve a single bitcoin-based exchange-traded fund (ETF), and many representatives of the crypto space are beginning to have serious issues with this. Recently, Perianne Boring – the founder of the Digital Chamber of Commerce – delivered a new report claiming that...