Reports suggested that some FTX creditors were able to get up to 73 cents on the dollar for selling their claims ahead of any bankruptcy court proceedings. Ikigai, an asset management firm that revealed a large majority of its hedge fund’s assets had been on FTX when it collapsed, said it had sold its claim...Continue Reading

Exotic options, structured products, and collateralized debt obligations will become increasingly lucrative options for crypto trading in 2024. During the 2017 bull run, initial coin offerings (ICOs) were all the rage. The last bull market — in 2021 — was dominated by the growth of decentralized finance (DeFi) and yield farming. Now, as a fresh...Continue Reading

The trial between Craig Wright and Bitcoin Core developers was rescheduled for February following the discovery of new evidence. The legal battle over Satoshi Nakamoto’s identity and Bitcoin rights has taken another turn in recent days, with a British judge rescheduling the trial between Craig Wright and Bitcoin Core developers for Feb. 5. In 2016,...Continue Reading

Authorities said they found no evidence Kosta Kanchev, Antoni Trenchev, Trayan Nikolov and Kalin Metodiev committed money laundering, tax crimes, or computer fraud. The Prosecutor’s Office of the Republic of Bulgaria has halted criminal proceedings against four individuals connected to cryptocurrency lender Nexo. In a Dec. 22 notice, the prosecutor’s office concluded that “there was...Continue Reading

China’s central bank urged regulators across jurisdictions to regulate decentralized finance jointly. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The International Organization of Securities Commissions (IOSCO) released a set of policy recommendations for the...Continue Reading

The reimbursement of liquidity providers affected by a $61-million hack in July was approved by Curve’s community on Dec. 21. The community behind the decentralized finance (DeFi) protocol Curve Finance has voted to reimburse the liquidity providers (LPs) hit by a $61-million hack in July. On-chain data confirms that 94% of tokenholders approved on Dec....Continue Reading

The protocol’s governing body has agreed to pay a $1.4 million disgorgement to the U.S. Treasury, and its two founders will each pay a civil penalty of $125,000. The governing body for decentralized finance (DeFi) protocol BarnBridge has settled with the United States Securities and Exchange Commission (SEC) and agreed to stop the “unregistered offer...Continue Reading

Bitcoin is expected to face stiff resistance at $45,000, but the possibility of a rally above the key price level remains high. Bitcoin (BTC) is hovering near the $44,700 overhead resistance, indicating a mild resistance from the bears. However, the downside looks protected as traders expect one or more spot Bitcoin exchange-traded funds (ETFs) to...Continue Reading

The commission acknowledged it had not been “accurate and candid” in earlier filings but said sanctions were not warranted, as its staff didn’t engage “in any bad faith conduct.” Lawyers representing the United States Securities and Exchange Commission have responded in court over claims they spun a “false narrative” to avoid dismissal of an enforcement...Continue Reading

Bitcoin is not in the mood for another breakout attempt, and even five-month lows in the U.S. dollar index can’t budge a flat BTC price. Bitcoin (BTC) failed to react to positive inflation cues on Dec. 22 as United States macro data boosted bets of an interest rate pivot. Data from Cointelegraph Markets Pro and...Continue Reading