FTX Investors’ Loss Is Wall Street Lawyers’ Gain

2022-12-23 20:57

Professionals are charging upwards of $2,000 hourly wages against $12 million retainers as they attempt to restore funds to the million-odd creditors of Sam Bankman-Fried’s empire

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Efficient Market Hypothesis: MicroStrategy’s $650M Bitcoin Buy Has Barely Been Priced In

Bitcoin price is making an attempt to get back over $18,000 after it flirted with the mid-$17,000 range in the overnight hours. The leading cryptocurrency by market cap has only bled further over the last several days since MicroStrategy CEO Michael Saylor revealed his company’s plans to offer convertible senior notes to raise $650 million […]

2020-12-12 04:00


Binance Pours $5 Million Worth of BNB Into Smart Chain BUIDL Program

Binance has launched the BUIDL Reward Program in an attempt to attract greater dApp development on the Binance Smart Chain. Binance has invested $5 million worth of BNB into the project. This is part of Binance’s bigger venture — a $100 million injection into a DeFi accelerator fund that aims to connect DeFi with centralized […] The post Binance Pours $5 Million Worth of BNB Into Smart Chain BUIDL Program appeared first on BeInCrypto.

2020-10-5 01:00


User Pays $2.6 Million to Transfer Just $130 Worth of ETH; By Far the Highest Fees Ever Paid

After climbing above $240, the second-largest cryptocurrency has slowed down and is keeping around this level. The percent of Ether supply in profit, which is the percentage of calculating ETH whose price at the last time it moved on-chain was lower than the current price, is currently hovering at 80%. It is the third attempt […]

2020-6-11 17:56


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Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts

Bitcoin saw a sharp rise overnight that allowed it to firmly surmount the $9,000 region This upwards movement liquidated nearly $20 million in short positions, with buyers now attempting liquidate even more shorts in an attempt to fuel an uptrend The crypto has been rejected within the $9,200 region, however, which could halt its short-term uptrend Analysts are now also noting that heavy resistance just above Bitcoin’s current price level could be enough to fuel […]

2020-5-28 23:00


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Nicolas Maduro refuses to give up on Venezuela’s state cryptocurrency El Petro

It seems that the government of Venezuela isn’t ready to give up on its state-issued cryptocurrency ambitions. Speaking during a state broadcast last night, President Nicolas Maduro said protectorates and states would receive one million Petros —  Venezuela’s home-brewed cryptocurrency — twice a month, from November onwards.

2019-10-17 16:14


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Bitfinex’s last-ditch attempt to halt investigation into $850M cover-up fails

A court in New York has denied Bitfinex and Tether’s parent company iFinex’s latest motion to avoid the legal clap back from its $850 million cover-up. iFinex claimed that the New York State Attorney General (NYAG) lacked the relevant jurisdiction to investigate the cryptocurrency exchange and stablecoin issuer as it claims it doesn’t serve customers in the state.

2019-8-20 12:42


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Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

2019-5-18 22:14