Auto Added by WPeMatico

FTX’s Ryan Salame Seeks to Void Guilty Plea, Citing Government’s Alleged Breach of Plea Agreement

Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has filed a motion to withdraw his guilty plea in federal court. Salame claims that prosecutors breached an agreement…

Continue ReadingFTX’s Ryan Salame Seeks to Void Guilty Plea, Citing Government’s Alleged Breach of Plea Agreement

Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement

Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041…

Continue ReadingGenesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement

Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy

In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated by the New York Attorney General, discussions of a potential…

Continue ReadingEmail Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy

Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares

Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust…

Continue ReadingReport: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares

Ripple CEO: XRP lawsuit resolved by June, SEC conduct ‘embarrassing’

Ripple CEO Brad Garlinghouse said the firm’s XRP lawsuit could come to an end within “single-digit months.”

Continue ReadingRipple CEO: XRP lawsuit resolved by June, SEC conduct ‘embarrassing’

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…

Continue ReadingFTX Customers File Class Action to Claim Assets Within Bankruptcy Case