DeFi Archives - Page 26 Of 29

Blockchain

Genesis Concludes Bankruptcy with $4 Billion Creditor Payout

August 3, 2024 Paulo

Genesis Global has begun disbursing $4 billion in creditor payouts following its restructuring, with varying recovery rates across different crypto assets.

Ben Armstrong, known as BitBoy Crypto, at a crypto event

Ben ‘BitBoy’ Armstrong’s Former Company Subpoenaed in CFTC Fraud Probe

August 3, 2024 Paulo

The CFTC has subpoenaed Hit Network, a former company of Ben Armstrong , amid a fraud investigation involving 15 cryptocurrencies, including memecoin BEN.

Illustration of Bitcoin and Ethereum symbols representing the crypto transactions by Genesis Trading.

Genesis Transfers $3 Billion Worth of Crypto Amid Bankruptcy

August 2, 2024 Paulo

Genesis Trading transfers $3 billion in Bitcoin and Ethereum amid bankruptcy to manage creditor repayments and financial restructuring efforts.

Crypto Hackers Stole $266M in July Across 16 Breaches: PeckShield

August 1, 2024 Paulo

The crypto sector faced significant losses in July as hackers stole approximately $266 million through 16 separate breaches, with WazirX being the hardest hit.

Exterior view of the Dutch finance ministry building in The Hague

Dutch Finance Ministry Rejects AFM’s Funding Boost for Crypto Oversight

July 29, 2024 Paulo

Dutch Finance Ministry Rejects AFM’s Funding Boost for Crypto Oversight In one word, no! The local financial regulator has been peeved after repeated demands on the Dutch finance ministry for the extra funding needed to

European regulators discussing mandatory cybersecurity audits for crypto firms

Tether CEO Warns MiCA Stablecoin Rules Could Pose ‘Systemic Risks’ to EU Banks

July 26, 2024 Paulo

Tether CEO Paolo Ardoino warns that Europe’s MiCA stablecoin regulations could create systemic risks for EU banks due to excessive cash reserve requirements.

Russia Mulls Launching Tokens Backed by Cenbank-Owned Gold

July 26, 2024 Paulo

Russia explores gold-backed tokenized assets for cross-border trades, with plans for broader testing and availability by the end of the year.

State of Michigan Retirement System invests $6.6 million in ARK 21Shares Bitcoin ETF

Michigan Adds $6.6M in Bitcoin ETFs to Pension Fund

July 26, 2024 Paulo

Michigan’s pension fund invests $6.6M in Bitcoin ETFs, highlighting the growing institutional adoption of digital assets and the rise of crypto investments.

Michael Novogratz announces the launch of Galaxy Ventures Fund I LP with $113M raised for cryptocurrency startups.

Galaxy Asset Management Secures $113M for New Crypto Fund

July 25, 2024 Paulo

Galaxy Asset Management secures $113M for Galaxy Ventures Fund I LP, targeting early-stage cryptocurrency ventures and blockchain technology startups.

Coinbase Seeks Access to Gensler’s SEC Communications

July 24, 2024 Paulo

Coinbase has filed a motion asking the SEC to release documents related to Gary Gensler’s internal discussions, arguing these are crucial for their defense.