The FTX bankruptcy lawsuit reached a key juncture in the second week of September after the United States Bankruptcy Court for the District of Delaware approved the sale of $3.4 billion worth of crypto assets.The court also approved $1.3 billion in brokerage and
Bitcoin, the leading cryptocurrency by market value, fell over 10%, registering its most significant weekly decline since early November. Gold, known to have an inverse relationship with real yields, fell more than 1%, its fourth straight weekly decline, and Nasdaq dropped 2.22%.
Meanwhile, the proposition that bitcoin can serve as a better option than cash for corporate treasury purposes hasn’t been altered, but it also hasn’t come to fruition yet either, Luria said. And given the recent volatility in crypto prices, “the rate of adoption
Crypto industry experts are largely unfazed by Tesla’s decision to sell 75% of its Bitcoin (BTC) holdings, saying it’s a fairly typical strategy for companies to improve cash flow during economic slowdowns. On Wednesday, the electric vehicle manufacturer revealed that it had sold 75%
"Overall, 1.0 is an important psychological level," Dessislava Aubert, senior research analyst at Paris-based Kaiko, told CoinDesk in an email. "If it breaks, it will most likely spur some FX volatility in the short run, spilling into other asset classes, including crypto, and
Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office (GAO), a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans. Defined contribution
United States President Joe Biden’s executive order on digital assets has kickstarted an interagency mission to support financial innovation while protecting American consumers and interests. While many industry leaders welcome the constructive tone, some critics hope for a crackdown. We don’t blame them.Many
A Dutch regulator stated that the crypto derivatives market should be restricted to wholesale trade. The reasons are not unfamiliar — lack of transparency, market manipulation and “other forms of criminal activity.”On May 12, the head of Capital Markets and Transparency Supervision at
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The Thai SEC stressed that it is only banning the use of crypto for payments and is not banning crypto trading and digital assets. Source link
