Grayscale Transfers New Bitcoin (BTC) Tranche to Coinbase
Grayscale Investments has recently transferred an additional quantity of Bitcoin (BTC) to the Coinbase exchange. Grayscale Investments, a notable cryptocurrency asset management firm, has recently undertaken a substantial initiative to intensify its focus on the outflow of Bitcoin assets. Recently, the organization transmitted Bitcoin (BTC) valued at $579 million to Coinbase, the industry leader in […]
Morningstar Clears Crypto of “Criminal Currency” Label
According to brokerage Morningstar, if criminals intended to perpetrate a crime, cash is a more viable option than cryptocurrencies. Cryptocurrency has faced opposition ever since its inception in 2009. The involvement of digital assets in illicit activities has been the primary concern for markets worldwide. Brokerage Morningstar, on the other hand, contends that most people […]
Nexo Seeks $3B in Damages From Government of Bulgaria
After unsuccessful criminal investigations in Bulgaria, the cryptocurrency lending platform Nexo is seeking $3 billion in damages from the government. Directly communicating with Cointelegraph on January 24, Nexo elaborated on the particulars of its $3 billion arbitration claim against the Republic of Bulgaria. It has lodged a claim with the International Centre for Settlement of […]
Abra to Return Money to Texas Regulator as Part of Settlement
Texas State Securities Board (TSSB) and Abra, a cryptocurrency lending company purportedly insolvent since March 2023, have reached a preliminary settlement. The organization shall reimburse funds contributed by residents of the state. The TSSB issued the final confirmation of the settlement on January 22. As per the document, Abra has initiated the process of “winding […]
Socket Protocol Recovers 1032 ETH Stolen From Hack
Cross-chain bridge Socket protocol has recovered two-thirds of the stolen ETH funds in a recent breach, which led to the loss of about $3.3M. The socket protocol’s official X account has reported the recovery of 1,032 Ether, valued at $2.3 million, out of a total of $3.3 million stolen. Soon, the protocol will disclose a […]