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Argentine regulators said they had no right to intervene to resolve the dispute because the sale of Libra was beyond their jurisdiction. Argentina's National Securities Commission (CNV) "has so far chosen not to intervene" in the LIBRA incident "because the current regulatory framework does not cover token advertising on decentralized platforms".
As creditors prepare for long-awaited repayments, the FTX data breach has intensified phishing scams. FTX creditor Sunil Kavuri sent an alert on X about the potential data breach, warning that scammers were sending phishing emails to creditors.
Sam Altman, OpenAI's chief executive, said in court papers that Mr. Musk had "no facts" to support his claim that OpenAI was illegally suppressing competition. "There are no facts to support the existence of such a conspiracy," Mr. Altman's lawyers wrote to a federal judge in Oakland, California, in a 33-page court filing. Nor has Mr. Musk proved he suffered any harm as a result of OpenAI's alleged anti-competitive behaviour, the lawyers argued. Musk is long...
According to Cointelegraph, FTX will begin paying creditors $16 billion on February 18, 2025, with the first phase paying $65- $7 billion. Payments are based on November 2022 prices.
ETF issuer Osprey Funds is asking a Connecticut court judge to review its decision that Grayscale Investments prevailed in a $2 million unfair trading lawsuit against the bitcoin fund of asset manager Grayscale Investments. Osprey filed a motion for reargument in the Connecticut Superior Court on Feb. 10, claiming that Judge Mark Gould's Feb. 7 ruling, which expanded the exemption under the Connecticut Unfair Trade Practices Act, was made "before the evidence was available."
According to analysts, innovation in China's AI sector is expected to drive more capital into the country's stock market, especially against a backdrop of low valuations, light holdings and a recovery in the earnings cycle. Click to view...
The number of Americans claiming unemployment benefits for the first time last week was 219,000, an estimate of 213,000, and the previous value was 207,000.
WazirX creditors will decide in the coming weeks whether to start receiving compensation for the cryptocurrency as early as April 2025 or face a long recovery process that could be extended to 2030. The vote follows a Singapore High Court ruling that allowed the troubled Indian exchange to pursue a restructuring plan rather than face liquidation, depending on whether three-quarters of its creditors approve a recovery plan.
The number of Americans filing for unemployment benefits for the first time last week was 223,000, an estimate of 220,000, and the previous value was 217,000.
According to TheMinerMag, Mintvest, a company that claims to own 18.2% of Coinmint, filed a lawsuit against NYDIG in U.S. District Court in Puerto Rico. The lawsuit alleges that based on "information and belief," NYDIG acquired Coinmint for $200 million but failed to pay Mintvest its stake in the company. Mintvest is demanding $36 million in damages from NYDIG. NYDIG declined to comment on the case or clarify its investment in Coinmint. However, recent developments suggest that NYDIG may be taki...
FTX creditor Sunil published a disclosure on the X platform, saying that FTX creditors in Egypt, Iran, Nigeria, Ukraine, China, Russia, Saudi Arabia and other countries are currently ineligible to receive distributions from BitGo and Kraken, but creditors may obtain accounts on these two exchanges.
According to Politico, U.S. Senate Democrats are circulating a memo alleging that President-elect Trump's nominee for Treasury secretary, Scott Bessent, improperly declared nearly $2 million in lost tax revenue and owed nearly $1 million in taxes related to his hedge fund. This provides them with ready ammunition, as Bessent will appear before the Treasury Committee on Thursday for a hearing. (Kim Ten)
FTX creditor Sunil disclosed the "FTX Repayment Plan Initial Distribution Schedule" at X: creditors with claims under $50,000 are expected to receive a total of about $1.20 billion; FTX requires creditors to complete the pre-distribution requirement (claim registration) by January 20 to ensure that they can participate in the initial distribution. Repayments are not expected to begin before this date; Initial repayments are expected to begin on February 25 and may continue until March 4. This sc...
FTX administrators are being sued by creditor Lidia Favario for extravagant expenses. Favario points out that administrators spent too much on FTX bankruptcy proceedings, including high-end hotel accommodations and exorbitant transportation costs. She points to A & M professionals spending $971.74 a night at a luxury hotel in New York, and one professional paying $1,733 for a taxi. In addition, FTX also paid $2,683 for three taxis to wait for CEO John Ray's testimony. Favario appealed to the cou...
A crypto forum administrator and father of four claims he was forced to go into hiding with his family after being the target of an attempted kidnapping. The Canadian man said his attackers intended to torture him and mistakenly believed he owned a large amount of bitcoin. The Canadian man, who has not been named to protect the identity of the child, was told by police that they could not guarantee the safety of his family and advised them to relocate because the suspected attacker could be relo...
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