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5 Top Crypto Lawyers Join Law Firm Brown Rudnick’s Digital Commerce Practice

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…

Crypto Lender Celsius Files to Return Custody Clients’ Funds

According to the filing, Celsius has about 58,300 users who collectively deposited over $210 million with its custody and withhold, with 15,680 customers holding “Pure Custody Assets” worth around $44 million. The Bankruptcy Court for the Southern District of New York, which is overseeing the case, scheduled a hearing for Oct. 6, 2022 to discuss the matter. Source

Kyle Roche files to withdraw from class-action practice after video leak

In the wake of allegations made by Crypto Leaks, high-profile crypto lawyer Kyle Roche has filed to withdraw as counsel on several crypto class-action lawsuits. According to a series of court records released on Aug. 31, Roche is understood to be “no longer involved” in Roche Freedman’s class action practice. The law firm has also filed to withdraw Roche as counsel in class action lawsuits involving Tron and Global Trading. Wow. A few days after being the subject of a controversial undercover video, @KyleWRoche has withdrawn as counsel for the Tether/Bitfinex…

Blockchain firms fund university research hubs to advance growth

The demand for organizations to adopt blockchain technology is growing rapidly. Recent findings from market research and advisory firm Custom Market Insights found that the global blockchain technology market size was valued at $4.8 billion in 2021, yet this amount is expected to reach $69 billion by 2030. While notable, it’s become critical for the industry to enable rigorous research into the development of the blockchain sector.  Tim Harrison, vice president of community and ecosystem at Input Output Global (IOG) — the developer arm behind the Cardano blockchain — told…

BTC Drops Below $20K Ahead of Friday’s NFP Report – Bitcoin News

Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report. Tomorrow’s payrolls are expected to come in at 300,000 jobs, which is lower than July’s 528,000 figure. Ethereum also declined, as the price moved away from the $1,600 region. Bitcoin Bitcoin (BTC) briefly fell below $20,000 on Thursday, as crypto traders began to anticipate tomorrow’s non-farm payrolls report. Following an additional 528,000 jobs in the U.S. economy in July, last month’s figure is expected to show an increase of 300,000. Ahead of the report…

5 Ways To Make Money/ Earn Sats Using The Lightning Network

Earning sats for the first time is a magical experience and NewsBTC is here to guide you through it. The Lightning Network gave bitcoin real micro-transactions with extremely low fees. That opened up new avenues for the bitcoin network to expand through, avenues that the world is just beginning to explore. In the following text, we will present five projects that pay their users or allows them to get tips from the community. In sats, using the Lightning Network. Unlike most altcoins, bitcoin is truly scarce, has a hard total…

DeFi can take a hint from traditional finance to lower risks, says ex-Morgan Stanley exec

The decentralized finance (DeFi) ecosystem scored another win against traditional finance, often called TradFi, with a former Morgan Stanley executive launching a DeFi protocol. Kevin Lepsoe, the former head of structuring for Morgan Stanley, aims to deliver an institutional fixed income scheme that offers fixed and floating rates with his new project named Infinity Exchange. According to Lepsoe, his new project will allow DeFi traders to “implement arbitrage, pull liquidity from other protocols and hedge their futures rates basis risk positions.”  The DeFi market is known for its volatility and,…

Advisors Need to Refine Their Definition of Crypto

Crypto and digital assets are full of new technological terms and jargon that might be daunting or confusing to advisors and clients. For that reason, having some basic, clear definitions of crypto terms might be helpful when answering client questions and serve as a foundation for an advisor’s further incursions into the realm of crypto education. Source