DCG Can’t Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses.Source
Author Archive for: GRYZUoDLu7t8z22
Entries by GRYZUoDLu7t8z22
Solana, Avalanche Meme Coin Fever Continues as Bitcoin Nears $43K
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.Source
ARK Sells $28M Grayscale Bitcoin Trust Shares as Bitcoin Nears $43K
ARK Invest offloaded $13M worth of GBTC shares last week.Source
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals
Black Rock’s ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund’s approval odds.Source
Belgium to Push European Blockchain Network During EU Council Presidency, Digital Minister Says
EU-wide blockchain services could support the bloc’s pursuit of digital sovereignty, Mathieu Michel tells CoinDesk.Source
FTX Files Reorganization Plan to End Bankruptcy
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.Source
Major NFT Indices Stable After NFT Trader Hack
Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs’ Greg Solano and Boring Security DAO paid a bounty.Source
BONK’s Surge Send Prices of Solana Saga Phone Flying to $2K
The sealed and unopened phone boxes contain an airdrop of 30 million bonk (BONK) tokens, which has seemingly revived dismal Saga sales.Source
Bitcoin Hovers Over $41K as Memecoin, Ordinals Frenzy Clogs up Blockchains
Longs continue to get liquidated as the price of bitcoin and other major digital assets gyrate.Source
Polygon Stops Work on ‘Edge,’ Used to Build Dogechain, as Focus Turns to ZK
Polygon Labs, a developer of scaling networks for Ethereum, has shifted toward “Polygon CDK,” a blockchain-development kit powered by zero-knowledge cryptography. The older “Polygon Edge” was used by Dogechain, in an unofficial effort to build a Dogecoin-oriented smart-contracts network.Source