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Mt. Gox Trustee Set to Initiate Repayment to Creditors After Massive 2014 Hack
November 22, 2023
Bankrupt Bitcoin exchange, Mt. Gox, appears set to make restitutions to its creditors nearly a decade after falling victim to a massive hack. The Trustee of the defunct exchange, Mr. …
Read moreBitcoin Prepares for Huge $3.8 Billion Options Expiry Amid Dominating Call Options
November 22, 2023
SummaryApproximately $3.8 billion in notional value, or 104,000 BTC, is set to expire on the last Friday of November, as per reports from derivative trading platform Deribit. The put/call ratio …
Read moreGenesis Global Capital Targets Gemini in Suit to Recover $689M
November 22, 2023
Bankrupt crypto lender, Genesis Global Capital, has filed a lawsuit against crypto exchange Gemini Trust, seeking to recover 'preferential transfers' amounting to over $689 million. According to legal filings, Genesis …
Read moreSam Altman Reinstated as OpenAI CEO Amidst Board Shake-up
November 22, 2023
In an unexpected turn of events, open source AI organization, OpenAI, has announced in-principle agreement to reinstate Sam Altman as its CEO. OpenAI stated that collaboration with Altman is underway …
Read moreBinance Faces $4 Billion Fine and CEO Resignation, Changpeng 'CZ' Zhao Published on $175M Bond
November 22, 2023
Global cryptocurrency exchange company, Binance, announced its resolution regarding investigations from the U.S. Department of Justice (DOJ) and other agencies. Admitting to past wrongdoings, the company stated inadequate compliance controls …
Read moreLearn Concept: Challenges Associated with Regulatory Lawsuits in Crypto Firms
November 22, 2023
In the fast-paced world of cryptocurrency, organizations must navigate a myriad of challenges, including regulatory lawsuits from bodies like the U.S. Securities and Exchange Commission (SEC). These lawsuits can significantly …
Read moreApple Sued for Allegedly Thwarting Crypto Utilities in P2P Payment Apps
November 21, 2023
In a recent turn of events, Apple finds itself the subject of a class action lawsuit over allegedly anti-competitive conduct in terms of peer-to-peer payment options within iOS. The allegations …
Read moreCrypto Security Alert: dWallet Labs Flags Validator Vulnerability while Ethereum’s Exchange Supply Plunges
November 21, 2023
Recently, blockchain security firm dWallet Labs has highlighted a potential vulnerability in validators handled by an infrastructure services provider. This threat is speculated to put worth up to $1 billion …
Read moreAvalanche (AVAX) Ecosystem Witnesses Growing Open Interest and Boosted Investments
November 21, 2023
The AVAX ecosystem is seeing significant developments as its open interest surges and investment boosts arrive. Colony Lab is planning to enhance the ecosystem by setting up a network validator …
Read moreBitcoin Rebounds Amidst Anticipated Binance Settlement with DOJ
November 21, 2023
Bitcoin experienced a rebound in market value as the news broke about an impending settlement between Binance and the Department of Justice (DOJ). The cryptocurrency market responded positively to the …
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