Day: January 9, 2023

BlockFi Management Hasn’t Withdrawn any Crypto Since October, Lawyers Tell Court

Sussberg said the company plans to file its assets and liabilities, along with a statement of financial affairs (SOFA) on Jan. 11, which the BlockFi later confirmed via its Twitter account. Shortly after the first hearing in November last year, the company also kicked off a sale process and has reached out to “106 domestic and international potential buyers for some or all of the business,” Sussberg’s presentation said. The company also plans to ask for court approval of bidding procedures at a Jan. 30 hearing. Original Source BlockFiCourtCryptoHasntLawyersManagementOctoberWithdrawn CryptoX…

BlockFi Management Hasn’t Withdrawn Any Crypto Since October, Lawyer Tells Court

Sussberg said BlockFi plans to file its assets and liabilities, along with a statement of financial affairs on Wednesday, which BlockFi later confirmed on Twitter. Shortly after the first hearing in November, the company kicked off a sale process and has reached out to “106 domestic and international potential buyers for some or all of the business,” Sussberg’s presentation said. The company plans to ask for court approval of bidding procedures at a Jan. 30 hearing. Source

Huobi Korea seeks to split from parent company, change its name: Report

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Local media reported Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to purchase its shares from Huobi Global and change its name. About 72% of shares in Huobi Korea are owned by Huobi Global cofounder Leon Li. Huobi Korean chairman Cho Kook-bong would take over Li’s share in the Korean company. Cho is also the owner of a major crypto mining operation in the country, according to local outlet News1. Huobi has experienced a number of issues in recent days. It reportedly planned laid off 20% of its workforce Jan.…

Bitcoin’s Modest Rally Sends Crypto-Related Stocks Sharply Higher

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With most of the miners having begun the year priced as if they will follow peers Core Scientific (CORZ) and Argo Blockchain (ARBK) into either bankruptcy protection or some other form of restructuring, bitcoin’s modest advance is having a big effect on Monday. Marathon is higher by 24% and the company formerly known as Riot Blockchain, Riot Platforms (RIOT), is up 18.5%. Hut 8 (HUT), Hive Blockchain (HIVE), and Bit Digital (BTBT) are all ahead more than 20%. While up just 4.6% Monday, Argo has quadrupled in value since agreeing…

This Sub-$1 Billion Crypto Is Leading Market Gains, Here’s The Reason

The crypto market is in another full recovery mode and bitcoin has since crossed the elusive $17,000 price level. However, while the largest digital assets in the space are seeing a lot of green, one underdog is taking the space by storm. GALA is right at the top of the list of gainers for the past 24 hours, surpassing second-place Zilliqa (ZIL) by a considerable margin. Why Is GALA Pumping So Much? In the early hours of Monday, Gala Games took to Twitter to announce a new partnership. The blockchain…

SOL up 22% as ADA Hits Highest Point Since November – Market Updates Bitcoin News

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Solana surged by as much as 22% on Monday, as bullish sentiment returned to cryptocurrency markets. The move saw the token climb to its highest point since November, when it was embroiled in the FTX collapse. Cardano also moved higher to start the week, climbing by nearly 13%. Solana (SOL) Solana (SOL) was one of Monday’s big movers, as prices of the token rose by as much as 22%. SOL/USD surged to an intraday high of $16.62 to start the week, which comes less than 24 hours after trading at…

Cardano Follows Sentiment, Why ADA Could Become Top 3 Coin

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Cardano (ADA) follows the market’s general sentiment and records positive price action on a low timeframe. The cryptocurrency has been trading heavily since the sector took another dive into its current levels, but there is light at the of the tunnel. Cardano (ADA) trades at $0.32, with a 12% rally in the last 24 hours. Over the previous week, the token records a 29% profit and stands as the best-performing crypto asset for this period. Other cryptocurrencies in the top 10 are seeing similar price action.  ADA’s price with bullish…