Genesis had emerged as the largest unsecured creditor of FTX and its affiliated companies, with $226.3 million owed, according to a January court filing that includes a list of major creditors. In parallel, FTX also claimed that Genesis owed nearly $4 billion, later reduced to $2 billion, which Genesis has denied. Source
The recent flood of scam tweets on pro-XRP lawyer Jeremy Hogan’s hacked account has finally dried up after nearly four days. Since July 24, the XRP community has been diligently warning others and tagging Twitter’s support after they noticed Hogan’s account tweeting malicious links for a purported XRP (XRP) giveaway. As of 1 am on July 28, all of the XRP-giveaway-related tweets have been deleted, suggesting Hogan has either regained access to his account or that Twitter support has finally intervened. The last tweet sent out from Hogan’s account —…
At the recent AWS Web3/Blockchain Summit in New York City, Amazon said it would expand its AMB services to include Access and Query functions to enhance their support for web3 developers. Amazon Web Services (AWS) has been progressively integrating web3 infrastructure into its offerings since the launch of Amazon Managed Blockchain (AMB) in 2019. Amazon catering for developers in web3 These services enhance AMB’s capabilities, allowing developers to engage with public blockchains and develop scalable applications securely and rapidly. With the introduction of AMB Access, developers can utilize standard remote procedure calls…
Bitcoin price is struggling to rise above the $29,300 resistance level. BTC could start another decline and trade below the $28,880 support zone. Bitcoin is struggling to rise above the $29,300 and $29,600 levels. The price is trading below $29,300 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support near $29,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down unless there is a close above the $29,600 resistance. Bitcoin…
Original investors of Parrot and PRT can expect to recover about a tenth of the value they put in. Newcomers, particularly the activist investors who pressured Parrot’s leaders for a redemption program, could make many multiples, depending on when they bought in. Source BuybackCappingFieryFinanceMondayParrotPRTTokenVote CryptoX Portal
The amendment was crafted by provisions taken from the 2023 Lummis-Gillibrand Responsible Financial Innovation Act and Senator Warren’s and Senator Marshall’s Digital Asset Anti-Money Laundering Act, introduced in 2022. Specifically, it requires that the Secretary of the Treasury “establish examination standards for crypto assets,” which would help examiners better assess risk and ensure compliance with money laundering and sanctions laws. In addition, it requires the Treasury Department to conduct a study on “combating anonymous crypto asset transactions,” including the use of crypto mixers that are sometimes used to obfuscate funds.…
The filing leans heavily on the view that the CFTC is overreaching in suing Binance, which does not operate in the U.S., and its CEO Changpeng “CZ” Zhao, who does not reside in the U.S., the filing said. The first six of the CFTC’s charges “do not apply to the foreign conduct alleged here,” and several of the charges don’t meet the legal standards set out by statutory requirements, it added. Source
Solana (SOL) has experienced a notable downturn recently, unable to sustain itself above the $32 mark. The altcoin remains below a strong resistance level, but a potential breakthrough could lead to a 20% price appreciation. In the last 24 hours, SOL saw a modest surge of 2.2%, but its performance on the weekly chart shows minimal upward movement. Despite the challenges, there are two essential bullish signals to consider: the morning star reversal sign and a bullish pennant formation. These signals suggest that if SOL surpasses the immediate resistance, the…
In a contentious hearing Thursday that ended with a 34-16 vote to clear the legislation for wider consideration in the House of Representatives, the panel’s top Democrat, Maxine Waters (D-Calif.), said it was really McHenry who shut down the talks early after negotiations broke down the night before the hearing. The battle sullied what’s otherwise the high-water mark of stablecoin progress in Congress. Source
Crypto fund manager Grayscale is urging the Securities and Exchange Commission (SEC) to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage. A July 27 post by Grayscale chief legal officer Craig Salm said its legal team submitted a letter regarding eight spot Bitcoin ETF filings — including its own — arguing the SEC shouldn’t pick “winners and losers” and instead make a fair and orderly decision. The letter claimed the SEC could approve the spot ETFs based on its…