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BlockFi plans to sell $160 million worth of bitcoin-backed mining loans amid bankruptcy proceedings. The company has also requested to pay bonuses to key talent to retain employees. The recent Bloomberg report revealed the company had started a bidding process for mining loans last year. However, some of those loans, which are around $160 million […]

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According to court documents, the first hearing in the Genesis Capital bankruptcy case is scheduled for January 23 at 2 p.m. Eastern Time. Judge Sean H. Lane, appointed by the United States Bankruptcy Court for the Southern District of New York, will decide whether to accept the Chapter 11 relief requested by Genesis and its […]

The Seoul Metropolitan Government launched the first phase of the Metaverse Seoul project, which allows the public to access the civil services in the metaverse: from tax returns to official documents. Following the test of the beta version of the virtual environment, the mayor of Seoul, Oh Se-hoon, announced the opening of the first phase […]

Anthony Scaramucci, the founder of Skybridge Capital, is investing his personal money in the new software company founded by Brett Harrison, the former president of FTX.US. After leaving FTX.US in September, Brett Harrison planned to remain with the company as an advisory member. However, in the weeks following FTX’s collapse, Harrison announced that he was […]

Meme coin developers have announced the launch of the Ethereum mainnet beta testnet. Shibarium will serve as a layer 2 network focused on metaverse and NFTs. In a recent community blog posted on Sunday, Shiba Inu developers hinted at a foreseeable Shibarium testnet launch: We ask the community to please understand, that this phased release […]

One of the reorganization options for Celsius would be to become a publicly traded U.S. regulated company. Celsius is looking to issue a new token to repay its debt to creditors, frozen on the platform since June last year. According to a Jan. 24 Bloomberg report, citing the recent video recording of the bankruptcy hearing, […]

Bitcoin’s (BTC) price almost surpassed a 10-year record, and Ethereum (ETH) will reach some milestones in the second quarter of 2023 due to the upcoming mainnet update. If the price of bitcoin (BTC) continues to rise, which it has been doing daily for the past 15 days, it will overturn the record set by the […]

Institutional investors will soon be able to store their off-exchange collateral in cold wallets through Binance Custody, according to a recent announcement. The move comes in the wake of dwindling trust in centralized crypto companies following the collapse of FTX. Binance is trying to restore that trust by keeping leveraged positions off the internet. Binance […]