The Singapore-based firm has proposed to pay creditors 3.35 cents on the dollar in its latest restructuring plan, according to Bloomberg, which cites people familiar with the matter.Source
The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.Source
Crypto market capitalization rose 2.3% in the past 24 hours.Source
The deal would see DCG repay $275 million it owes to Genesis by April.Source
Binance is paying literally billions of dollars and giving the U.S. government unfettered access to its books, while its founder and former CEO Changpeng Zhao is looking at maybe a year and a half in federal prison. But Binance the exchange is still operating, while federal prosecutors are admitting in court filings that CZ still has most of his money.Source
The internet was supposed to make us more liberated and healthier. Instead, it stole our data, freedom and mental health, says Project Liberty Founder Frank McCourt, who’s advancing a new digital infrastructure to support a better web and better world.Source
A new report by the Financial Stability Board said further assessments of possible implications are required because “significant information gaps remain.”Source
The European Parliament’s Committee on Internal Market and Consumer Protection calls for the bloc to shape virtual worlds according to EU values.Source
The former BitMEX CEO said the record-breaking penalties against Binance represent an institutional bias against the transformative impact of cryptocurrency and blockchain technology.Source