Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court Source
Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court
Tag: Approved
How Montana stands to benefit if its pro-crypto mining bill is approved
The Montana Senate recently passed a bill designed to protect crypto miners operating within the state. The proposed law, which is currently making its way through the state’s House of Representatives, seeks to protect both individual and commercial miners in Montana against discriminatory laws by scrapping some of the rules that have the potential to undermine their operations. Specifically, the bill seeks to protect miners against taxes on digital assets used as a means of payment. Additionally, it endeavors to permit home crypto miners who use less than 1 megawatt…
CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues
Crypto investment platform CoinFLEX has received approval for its restructuring plan from the courts in Seychelles, the company announced March 7 on its blog. The courts are expected to publish the order the same week, the blog post added. Trading in locked assets has been halted until 24 hours after the publication of the court order on the restructuring to allow time for asset holders to be informed. CoinFLEX halted withdrawals in June after incurring $47 million in losses when an account went negative without being liquidated. CoinFLEX began allowing…
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF
The core argument in favor of approving a spot bitcoin ETF, at least at this time, is that the SEC’s concerns about manipulation are literally inconsistent – and possibly in violation of the Administrative Procedure Act, as Ribbit Capital’s Sigal Mandelker and Jessi Brooks wrote. The agency has already approved exchange-traded products that use bitcoin futures contracts, particularly NYSE Arca’s proposal to list and trade shares of the Teucrium Bitcoin Futures Fund and Nasdaq’s proposal to list and trade shares of the Valkyrie XBTO Bitcoin Futures Fund. Both of the…
FLEX Token Rises 21% After CoinFLEX Restructuring Plan Approved
FLEX, the native token of the CoinFlex exchange, has risen by 21% after it emerged that a restructuring plan in the Seychelles had been approved. Source
Compute North’s Reorganization Plan Approved by Bankruptcy Judge
Compute North filed for bankruptcy protection in September because it was unable to meet its debt obligations. The mining firm has closed 13 asset sales, four of them major, which have “satisfied” all of its secured debt, which was $250 million, said Compute North’s attorney at a Thursday hearing. Source
UK Police Raid Crypto ATM Sites — Regulator Says No Crypto ATMs Have Been Approved – Regulation Bitcoin News
Police in the U.K., in collaboration with the Financial Conduct Authority (FCA), have raided several sites allegedly hosting cryptocurrency ATMs. “No crypto ATM operators currently have FCA registration,” the British financial regulator stressed, adding that it is “working with multiple law enforcement partners, including local police forces, to disrupt and disable illegal crypto ATMs.” UK Regulator Cracks Down on Unregistered Crypto ATMs Authorities in the U.K. have raided several sites around the city of Leeds in a cryptocurrency ATM crackdown. The raids followed a joint investigation between the country’s top…
Euro stablecoin launched in Finland, claims to be first approved in the EU
Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.” Membrane Finance is excited to announce the launch of EUROe on Ethereum! Read more at https://t.co/nV8dYKkBmK, and read the thread below to see how you can get started with $EUROe from today! — EUROe (@EUROemoney) February 2, 2023 U.S.-based Circle Inc.…
BlockFi’s $10M Staff Bonus Package Approved by NJ Bankruptcy Court Judge
This new deal applies to around 130 staff, who will mostly get a bonus worth 42.5% of salary, paid in three installments over a year. Worth $9.98 million, this package is the right way to secure value for former customers, lawyers for BlockFi told the court. Source
Binance approved to offer crypto services to Swedish customers
The Swedish Financial Supervisory Authority, one of the country’s financial regulatory agencies, has granted the local arm of crypto exchange Binance approval to manage and trade digital currencies. According to a Jan. 11 announcement, Binance said that following “months of constructive engagement” with the financial regulator, the FSA granted Binance Nordics AB’s registration status on Jan. 10. This decision effectively allows Swedish residents to access Binance’s crypto services. “Sweden fully adopts EU laws and has further local requirements, so we have been careful to ensure that Binance Nordics AB has adopted…