Argo Blockchain Reduces 2022 Debt By Half After Q2 2023
Cryptocurrency mining firm Argo Blockchain reports a total debt of $75 million as of June 30, 2023, a $68 million reduction from $143 million in June 2022. Argo Blockchain mining company is one of several firms to struggle amid adverse market conditions and a highly competitive mining ecosystem, it reported net losses of $18.8 million […]
Polygon CLO Comments on SEC’s Cases – Coinbase, Ripple
Rebecca Rettig, the Chief Legal and Policy Officer at Polygon Labs, has discussed the recent developments and implications of the SEC’s lawsuits against Ripple and Coinbase. She has highlighted both sides’ legal arguments and challenges in the ongoing cases. Last month, Judge Analisa Torres ruled that institutional XRP sales were deemed securities transactions, excluding secondary […]
Issuer Classifies Jacobi spot Bitcoin ETF as Article 8 Fund
The issuer of Jacobi spot Bitcoin ETF has classified it as an Article 8 fund. These types of funds “promote environmental and social characteristics” according to the European Sustainable Finance Disclosure Regulation (SDFR). Bloomberg reported on August 29 that Jacobi Asset Management has classified its Bitcoin ETF as an “Article 8” fund . Consequently, the […]
Shibarium: Shiba Inu’s Layer-2 Blockchain Platform Goes Live
Shibarium, the layer-2 blockchain platform of Shiba Inu, has been successfully launched and is ready for prime time. The project’s lead developer, Shytoshi Kusama, has shared the future roadmap of Shibarium, including the launch of WBONE, smart contract verification, and ShibaSwap migration. Shibarium, the layer-2 blockchain platform of Shiba Inu, has been successfully launched and […]
DCG Strikes in Principle Agreement with Genesis
Digital Currency Group (DCG), a leading cryptocurrency venture capital firm, has agreed in principle with creditors of its crypto lending subsidiary, Genesis, once carried out the plan recoveries could amount to 70%–90% for Genesis creditors According to a court filing published on August 29, the estimated dollar equivalent recoveries for unsecured creditors could range from […]