Appeals court orders an independent scrutiny of FTX bankruptcy
The federal appeals court in Philadelphia ordered that an independent examiner be appointed to scrutinize the FTX collapse. Bankruptcy court judge John Dorsey had earlier denied the trustee’s request. A federal appeals court has ordered following a three-judge bench decision…
Crypto Lender Nexo Sues Bulgaria For $3B Over ‘Politically Motivated’ Investigation, Office Raid
Crypto lender Nexo AG on Wednesday said it filed a lawsuit against the Republic of Bulgaria for more than $3 billion for “wrongful and politically motivated actions” against its employees. The lawsuit, filed at the International Centre for Settlement of…
Crypto Trader Loses $250,000 In January, Swears Off Leverage: I’m A ‘Changed Man Now’
An anonymous cryptocurrency trader, aptly named “Tarded Degen Gambler,” shared a screenshot of a massive six-figure trading loss on X (formerly Twitter). But the reaction he received to sharing his losses was anything but encouraging. What Happened: The trader in…
BitMex CEO Precicts Bitcoin’s Local Bottom Is $30K, Earns Nickname ‘New Cramer’
BitMex founder and CEO Arthur Hayes sees $40,000 as a difficult level for Bitcoin (CRYPTO: BTC) to maintain. Expect a local bottom between $30,000 and $35,000, Hayes predicts. What Happened: “I believe Bitcoin will dip before the BTFP renewal decision…
US SEC postpones judgment on BlackRock’s Ethereum spot ETF; industry insiders and Chairman Gensler’s views
Predictably postponed On the 24th, the US SEC postponed the decision on BlackRock’s application to list the physical Ethereum (ETH) ETF for 45 days. BlackRock filed its application with the SEC last November, and public comment began in December. As…
Outflow of funds from Bitcoin ETFs, are most of them sold through FTX? Selling pressure eases: Officials | CoinDesk JAPAN
Following the Bitcoin ETF approval, the Grayscale Bitcoin Trust (GBTC) has been converted into an ETF. But since then, more than $2 billion in GBTC has been sold and Bitcoin (BTC) prices have fallen. Most of that outflow was due…
US SEC investigates transactions by investment bank B. Reilly and others regarding failed hedge funds; Is Nomura involved?
B. Riley and Nomura involved in deal The U.S. Securities and Exchange Commission (SEC) is investigating investment bank B. Riley over transactions involving Brian Kahn, an alleged co-conspirator in the securities fraud. Nomura Holdings was also involved in the deal….
Bitcoin falls below the $40,000 level, and the altcoin market also falls across the board
Macroeconomics and financial markets Last weekend, on the 24th, in the US NY stock market, the Dow Jones Industrial Average closed 138 points (0.36%) higher than the previous day, and the Nasdaq index closed 49.3 points (0.32%) higher than the…
Maxine Waters Writes To Mark Zuckerberg, Wants To Know If Meta Is ‘Planning To Launch A Payments Platform’ That Supports Crypto
Meta Platforms Inc (NASDAQ:META), is facing scrutiny from US legislators over its five pending crypto-related trademark registrations. What Happened: As reported by Cointelegraph, on January 22, US House Financial Services Committee member Maxine Waters (D-Calif.) penned a letter to Meta…
China’s currency crisis weighs on Bitcoin: Crypto asset watcher | CoinDesk JAPAN
China faces a new currency weakness as the threat of a deflationary economic collapse lingers, and a slump in the real estate market prompts foreign investors to withdraw money. The latest steps taken by the Chinese government to address this…