The creditor’s committee and FTX lawyers have raised several arguments in objecting to Bankman Fried’s request. A hearing date is set for April 12.
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FTX Customers File Class Action to Claim Assets Within Bankruptcy Case
A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their holdings with the trading platform belong to them rather than the failed company. Customers […]Powered by WPeMatico
Court Orders Russia’s Sberbank to Unblock Crypto Trader’s Accounts
A court has ordered one of Russia’s largest banks to lift restrictions imposed on the accounts of a Russian citizen who was selling digital coins on cryptocurrency exchanges. The state-owned giant Sberbank will now have to unblock its client’s cards and restore his access to its online banking platform. Regional Court in Russia Rules in […]Powered by WPeMatico
Russian Prosecutors Fail to Block Crypto Website
A court case in Russia has signaled a change in the attitude authorities have towards the cryptocurrency space, at least on first glance. An online portal helping traders find the best exchange options for their digital assets will be allowed to restore normal operations. That’s after prosecutors gave up their efforts to block the website […]
The post Russian Prosecutors Fail to Block Crypto Website appeared first on Bitcoin News.
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While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations
The controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” Despite tether’s dominance among stablecoins by market […]
The post While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations appeared first on Bitcoin News.
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1 in 7 Chinese Have Invested in Cryptocurrency
A survey conducted by Panews has found that 14% of Chinese citizens have invested in cryptocurrencies. The survey also found that 98% of respondents indicated familiarity with the concepts of cryptocurrency and bitcoin – 3% more than those who stated that they had heard of blockchain technology. Also Read: Skeptical Payoneer CEO Dismisses Idea of Single […]
The post 1 in 7 Chinese Have Invested in Cryptocurrency appeared first on Bitcoin News.
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Lawsuit Challenges Google’s Ban on Crypto Ads in Russia
A lawsuit has been filed against Google in Russia after the company announced restrictions on cryptocurrency-related ads. Entrepreneur Vladimir Orehov demands a 2 billion ruble compensation from the Russian Google entity ООО «Гугл». He claims the ban will deprive him of opportunities to invest in crypto projects and find investors to fund his own business […]
The post Lawsuit Challenges Google’s Ban on Crypto Ads in Russia appeared first on Bitcoin News.
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Academics Claim “Crypto-Colonialism” Rampant in Puerto Rico
An opinion piece authored by academics representing Anglia Ruskin University and Trinity College Dublin have alleged that cryptocurrency mining operations are placing strains on Puerto Rico’s infrastructure. The article argues that Puerto Rico has not fully recovered from the damage reaped by Hurricane Maria, and that the island is ill-equipped to cope with the wave […]
The post Academics Claim “Crypto-Colonialism” Rampant in Puerto Rico appeared first on Bitcoin News.
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