Crypto news

Bankrupt crypto lender Celsius Network submitted an “adversary complaint” against EquitiesFirst Holdings on Wednesday, as per the confidential adversary complaint. The moves come as Celsius attempts to recoup assets from the private lender which reportedly owes $439 million. The debt comprises $361 million in cash and 3,765 BTC as of July 2022. EquitiesFirst: The ‘Mysterious’ Debtor to Celsius The filing stated that Celsius is seeking injunctive relief and a declaratory...

Ryan Salame, a former high-ranking executive at the crypto exchange FTX, has entered a guilty plea in connection with criminal charges related to the extensive fraud case involving FTX’s founder, Sam Bankman-Fried. As part of the agreement, Salame has agreed to pay $5 million to debtors of FTX, and $6 million in fines to the government. He will also forfeit two Massachusetts homes and one 2021 Porsche automobile. Another Witness Against SBF Appearing in court on Thursday,...

Tornado Cash developer Roman Storm has reportedly pleaded ‘not guilty,’ denying all charges related to money laundering exceeding $1 billion, including allegations connected to a cybercrime group associated with the North Korean government and violations of United States sanctions. Storm, who is a naturalized US citizen and the co-founder of the controversial coin mixer, was granted release on a $2 billion bond shortly after his arrest in August. Dev Pleads Not Guilty...

Chainlink has forged several collaborations with prominent companies but on the price side of things, its native token has yet to recoup its losses. Over the past month, LINK was down by approximately 14%. Surging past the crucial resistance level at $6 was a feat given a broad bearish market for altcoins this week, but the token could potentially be poised for more gains. According to Santiment, the “shark” tier of LINK investors has been amassing coins. As a result, the...

Chris Larsen, the chair and co-founder of Ripple Labs, has asserted that the United States legal system aims to rectify the missteps in crypto policy made by the Biden administration. He highlighted his company’s partial victory against the Securities and Exchange Commission in July, emphasizing that the regulator faltered on critical aspects pivotal to industry regulation. Larsen Slams Gensler on the Lack of Crypto Regulatory Clarity The Ripple co-founder recently expressed...

The U.S. Financial Accounting Services Board (FASB) has passed a unanimous vote to drastically change the way crypto asset values are recorded on publicly traded companies’ balance sheets. Experts predict the change will make crypto more attractive to hold by exposing big investors to the upside potential of their assets. How FASB’s Change Impacts Crypto On Wednesday, the Board held a meeting to evaluate comments on the proposed change, which would have crypto assets marked...

Elon Musk is back in the news. First off, he’s rebranding Twitter to “X,” a simple name for what is undoubtedly becoming a very complicated social media platform given all the hype, hoopla, and controversy that has surrounded it since he bought it last year. Elon Musk is Again Touting Dogecoin Second, he’s once again playing with the idea of utilizing Dogecoin as an official payment tool for all users of Twitter turned X, and it appears his sentiment towards the...

Blockchain analytics firm Arkham Intelligence has found that on-chain wallets tied to the Grayscale Bitcoin Trust (GBTC) hold more than $16 billion in BTC. In a recent tweet, the crypto data tracking platform said that the trust’s issuer, Grayscale Investments, is the second largest global bitcoin holder, with the assets spread across more than 1,750 different addresses. Grayscale Holds Over $16B in BTC Arkham noted that Grayscale has refused to identify GBTC’s on-chain...

Singapore-based MEXC exchange has become the third largest holder of Shiba Inu’s BONE token, as reported by crypto enthusiast Tech Fusion. The exchange now holds over 12 million BONE tokens, valued at nearly $13 million, making it the largest single wallet holder of this token. According to Tech Fusion’s analysis, the two addresses ahead of MEXC are confirmed smart contracts, which supports MEXC’s claim as the largest single wallet holder.  Source: XData from the Etherscsn...

The Tokyo Game Show 2023 will feature Oasys and double jump.tokyo, highlighting the latest trends in blockchain gaming. The Tokyo Game Show 2023, renowned as one of Japan’s largest gaming expos, is set to host a significant exhibition on blockchain gaming. Oasys, a blockchain-based game development platform, and double jump.tokyo will be the main attraction, showcasing the latest trends in the blockchain gaming industry. According to the Tokyo Game Show announcement, the event will take...