U.S Court approves proof-of-claim deadline for Celsius victims
The situation surrounding Celsius bankruptcy continues as U.S. regulators set a deadline for those affected to file a proof claim. The Southern District of New York State of the United States Bankruptcy Court has approved a new filing deadline in the ongoing Celsius bankruptcy case. A deadline has reportedly been set for people submitting any […]
Binance Labs Makes Strategic Investment In Hardware Wallet
Binance Labs has made a strategic investment in the Belgian hardware wallet firm Ngrave and will lead its upcoming Series A round. Binance, a cryptocurrency exchange, is moving into the hardware wallet market. On November 21, the company disclosed that Binance Labs, its venture capital division, had made a strategic investment in Belgian hardware wallet […]
FTX Japan Intends To Resume Withdrawals This Year
Japan’s Financial Services Agency requested the exchange suspend business orders on Nov. 10, FTX Japan plans to resume withdrawals this year. By the end of 2022, FTX Japan, a subsidiary of the cryptocurrency exchange, reportedly plans to start accepting withdrawals again. NHK, a Japanese news organization, reported on November 21 that the crypto exchange has […]
Ethereum co-founder offers lessons drawn from FTX crash
Following the FTX crash, Vitalik Buterin, co-founder of Ethereum, came out to share some lessons learned from one of the largest black swan episodes in the crypto market. Vitalik Buterin said that the failure of FTX has lessons for the whole crypto industry in an interview with Bloomberg on November 20. He admitted that the […]
FTX Collapse Affects Coinbase and MicroStrategy Bonds
One investor said that high bond yields are a sign of both sharply higher interest rates and institutional investors’ real doubts about how crypto will work in the long run. Bonds issued by Coinbase (COIN), a cryptocurrency exchange, and MicroStrategy (MSTR), a business intelligence company that invests in bitcoin and is also a bitcoin investor, […]