Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX’s. Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection. According to court records filed on Feb. 3, Emergent...Continue Reading

Once a highly touted exchange, tZERO facilitates securities offerings, some of which are blockchain tokens. The tZERO Crypto exchange, whose majority owner is Overstock, will shut down on March 6, the company announced via Twitter on Feb. 3. The company says that it will continue to focus on its regulated securities products after the shutdown,...Continue Reading

DeFi marks a perfect entry into 2023 with a bullish January and TVL nearing $50 billion. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. 2023 started on a bullish note for the entire crypto market, including the...Continue Reading

ATOM gained 50% in January and while the wider crypto market could remain bullish for some time, does the Cosmos ecosystem have strong enough fundamentals to support further upside? In September 2022, Interchain Foundation, the team behind Cosmos’ development , introduced the Cosmos ATOM 2.0 whitepaper. The document proposed significant changes to Cosmos’s design, including...Continue Reading

“I will continue to engage and provide technical assistance to draft legislation, as requested,” said Rostin Behnam. Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, has said he will be continuing efforts for the agency to regulate non-security tokens. In remarks released for a Feb. 3 American Bar Association event,...Continue Reading

Strong U.S. jobs data for January could not pull Bitcoin and select altcoins lower, indicating a strong bullish undercurrent. Bitcoin’s (BTC) rally in 2023 has been boosted by expectations that the United States Federal Reserve will slow down the pace of its rate hikes as inflation has started cooling down. Some even anticipate a rate...Continue Reading

The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment. The National Bank of Kazakhstan (NBK) has launched a digital tenge pilot project, according to a report published jointly by the bank and Binance on Feb. 3. The report...Continue Reading

The “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets” hearing will come two months after senators met to discuss the collapse of FTX. United States lawmakers with the Senate Banking Committee have scheduled a second hearing exploring the impact of a crypto market crash. In a Feb. 3 announcement, Senate Banking Committee...Continue Reading

The fund manager’s crypto portfolio has booked a loss in three of the past four quarters, according to recent financial statements. United States fund manager WisdomTree saw the value of its digital asset holdings decline sharply in the fourth quarter, reflecting the prolonged bear market in Bitcoin (BTC) and other cryptocurrencies.  WisdomTree’s cryptocurrency funds held...Continue Reading

Bitcoin’s bull market is likely to start earlier than expected due to anticipation of the BTC halving and favorable macroeconomic conditions, according to Mark Yusko, founder and CEO of Morgan Creek Capital Management. The next crypto bull market will start sooner than most people think, according to Mark Yusko, the founder and CEO of Morgan...Continue Reading