The former chief regulatory officer of FTX has supported a motion that would stop FTX from using Sullivan & Cromwell LLC as its lead bankruptcy counsel.
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Category: Motion
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Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract. Celsius […]Powered by WPeMatico
Core Scientific shuts down 37K mining rigs it was hosting for Celsius
Core Scientific estimated that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700.
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FTX wants permission to sell FTX Japan and FTX Europe as well as LedgerX
The four businesses FTX wants to sell had only recently been acquired, and lawyers argue this simplifies the sale process.
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FTX resumes employee and contractor payments after weeks in limbo
The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda’s Caroline Ellison.
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Ripple, SEC case heads for conclusion after ‘summary judgment’ filed
Ripple argued that XRP profits came from “market forces of supply and demand” rather than any contract between Ripple and XRP token holders.
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Celsius files to reopen withdrawals for a minority of customers
Celsius has motioned for $50 million worth of the total $225 million held in the Custody Program and Withhold Accounts to be released to owners.
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XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins
Crypto traders and speculators have been discussing the digital currency XRP (ripple) lately because the price has been stagnant compared to other digital assets. Some venture capitalists and analysts plan to short XRP, while other speculators believe the crypto is poised for a price jump in the future. Additionally, crypto enthusiasts have been discussing Ripple […]
The post XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins appeared first on Bitcoin News.
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Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say
A prolonged legal battle, which may hold the key to XRP’s future, has been extended again. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security. The decision on the defendant’s motion to dismiss the lawsuit has been postponed. But even a […]
The post Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say appeared first on Bitcoin News.
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Regulations Roundup: Shenzhen Court Recognizes Bitcoin, Coinbase Lawsuit Dismissed
In recent regulatory news, a Shenzhen court has ruled in favor of protecting an “equity transfer agreement” involving bitcoin, the judge presiding over a class action lawsuit against Coinbase has granted a motion to dismiss, and an Australian woman has been arrested for stealing 100,000 XRP following a 10-month investigation. Also Read: Regulations Roundup: SEC Considers […]
The post Regulations Roundup: Shenzhen Court Recognizes Bitcoin, Coinbase Lawsuit Dismissed appeared first on Bitcoin News.
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