New FTX probe should be limited in cost and duration: bankruptcy judge

A new investigation into FTX should have a limited impact on the company’s bankruptcy case, Bloomberg reported on Jan. 24. The investigation results from a recent order from a Philadelphia court of appeals that requires the appointment of an examiner. Judge John Dorsey emphasized the potential cost of such an examination, commenting in a hearing …

SEC delays BlackRock’s spot Ethereum ETF; decisions are still due in May

The U.S. Securities and Exchange Commission (SEC) extended the decision period on BlackRock’s planned spot Ethereum ETF on Jan. 24. That notice concerns a proposed rule change allowing Nasdaq to list and trade shares of the BlackRock iShares Ethereum Trust. Previously, the SEC was required to approve, reject, or institute proceedings to approve or reject …

Nexo demands $3 billion in damages over canceled Bulgarian investigation

Nexo, a crypto lending firm, said on Jan. 24 that it aims to obtain $3 billion in damages from Bulgaria over a cancelled criminal investigation. The company said in a statement: “[Nexo has] filed an over $3 billion ICSID arbitration claim against the Republic of Bulgaria for damages and lost opportunities caused by the country’s …

Bitcoin Mid-Cycle Top? Benjamin Cowen Says One Indicator Suggesting BTC Headed for Downtrend

Popular crypto analyst Benjamin Cowen says that one indicator suggests Bitcoin (BTC) may be entering a downtrend. In a new strategy session, Cowen tells his 789,000 YouTube subscribers that the extension from the 20-week simple moving average (SMA) is flashing bearishness for Bitcoin. According to Cowen, the indicator shows Bitcoin may have reached a mid-cycle …

Crypto Analyst Jamie Coutts Names Catalyst That Could Send Bitcoin to New All-Time Highs

A widely followed crypto analyst says Bitcoin (BTC) could rush to new all-time highs (ATHs) with a boost from one key driver. In a new strategy session, crypto analyst Jamie Coutts tells his 10,200 followers on the social media platform X that the top crypto asset by market cap will surge to record highs if …

SEC Receives Application From Financial Services Company To Issue New Interest-Bearing Stablecoin

A blockchain-focused financial services company wants to launch an interest-bearing stablecoin pegged to the penny. According to a registration statement filed with the U.S. Securities and Exchange Commission (SEC) in October, the San Francisco-based Figure wants to set up a subsidiary called Figure Certificate Company. The subsidiary hopes to issue “Figure Transferable Certificates,” which are …

XRP Ledger Now Closer Than Ever To Ethereum Compatibility As Second Audit Nears Completion: Developers

The XRP Ledger (XRPL) is almost ready for the launch of its much anticipated Ethereum Virtual Machine (EVM) compatible sidechain, according to developers working on the project. The project aims to allow Ethereum (ETH) developers, who are used to Solidity, the main programming language for writing smart contracts on Ethereum, to access and build on …

Blocktrade and SKAi2 Bring an All-in-One Solution for an Instant Crypto Payment

January 24, 2024 – Luxembourg, Luxembourg Asset marketplace and trading platform, Blocktrade, has announced a major release that brings crypto payment to the shops easier than ever. With the new feature, any retailer can now accept payments in multiple cryptocurrencies and receive euros that are deposited into their accounts instantly. With the collaboration of the …

SEC Says Hacker Used SIM Swap To Compromise Regulator’s X Account and Post False BTC ETF Approval Announcement

The U.S. Securities and Exchange Commission (SEC) is revealing the details behind the incident where the markets regulator’s account on the social media platform X was accessed by an unauthorized individual and a false message was published. On January 9th, the false message stated that the SEC had approved all the spot Bitcoin (BTC) exchange-traded …

OnChainMonkey introduces KARMA tokens, aims to bolster ecosystem with strategic airdrop

Popular NFT project OnChainMonkey (OCM) has unveiled KARMA tokens as part of its efforts to expand its burgeoning ecosystem, according to a Jan. 24 statement shared with CryptoSlate. OCM explained that KARMA is strategically designed to elevate its brand presence and capture the market’s attention towards its platform. The digital asset is poised to play …

Craig Wright makes settlement offer in COPA case to ‘give up’ some rights

Dr. Craig Wright, the controversial Australian computer scientist, has backtracked from his impending legal battle with the Crypto Open Patent Alliance (COPA) by proposing a settlement offer for the trial. According to a Jan. 24 statement, Wright’s proposed offer includes the relinquishment of database rights and copyright claims on “Bitcoin Core (BTC), Bitcoin Cash (BCH), …

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