DCG Can’t Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses.
Solana, Avalanche Meme Coin Fever Continues as Bitcoin Nears $43K
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
Helium Mobile Cracks Down on MOBILE Token Farmers
New users are pouring into Helium’s low-cost phone plan. Some are more interested in the MOBILE token rewards than the cell service.
Zcash Developer Electric Coin CEO Zooko Wilcox Steps Down, Swihart Named to Role
Zooko Wilcox (Will Ess for Pixelmind.ai/CoinDesk)
New Kind of Crypto Insider Trading? SEC Might Take a Look at These Trades, Experts Say
Hegic recently scored a windfall buy buying WHITE tokens ahead of big news. The trade might cross the line, according to experts.
UK Publishes Regulations for a Digital Securities Sandbox
The sandbox will let regulators and companies test solutions, including distributed ledger technology, to tokenize securities.
Bitcoin Fees Spike to 2-Year High as Ordinals Bonanza Gives Windfall Profit to BTC Miners
Share prices of publicly listed bitcoin mining companies are “on fire” thanks to high transaction fees, one analyst said.
Galaxy Digital Looking to Buy More Crypto Bankruptcy Assets After Deal to Sell FTX’s Coins: FT
Mike Novogratz’s firm is also interested in companies FTX invested in as a venture capital provider.
2024: The Year of Regulatory Compromises
After a year of conflict between crypto companies and agencies like the SEC and CFTC, we can expect to see greater dialogue and progress on regulation in 2024, says Michael Selig, of Willkie Farr & Gallagher.
FTX Files Reorganization Plan to End Bankruptcy
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.