Tag: Digital

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital – Bitcoin News

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On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset Transfers Reportedly Made by Alameda Research A newly filed complaint in the FTX bankruptcy proceedings shows Alameda Research, the defunct quantitative trading firm created by Sam Bankman-Fried (SBF), is seeking close to $446 million from…

Alameda Research Files $446M Loan Repayment Lawsuit against Voyager Digital in Ongoing FTX Fallout

Beleaguered crypto trading firm Alameda recently filed a lawsuit against defunct crypto broker Voyager over repaid loans.  Defunct crypto trading firm and FTX sister Alameda Research has hit bankrupt crypto broker Voyager Digital with a $446 million lawsuit. As it stands, Alameda seeks to recover the mammoth sum in repaid loans to the troubled digital asset manager. Alameda filed the lawsuit relating to loans against Voyager this month at the US Bankruptcy Court for the District of Delaware. According to the FTX sister firm, Voyager made these loans before its bankruptcy in…

DekaBank Selects Swiss Crypto Specialist Metaco to Steer Digital Asset Offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate,” said Andreas Sack, DekaBank’s product owner for digital assets custody. “Today we make another important step towards laying the foundation for giving our institutional investors and millions of people in Germany access to this transformational opportunity,” Source

Premier League gets Ethereum-based digital cards with Sorare partnership

Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other users across a variety of nonfungible token (NFT) marketplaces. Cryptox reached out to Sorare to clarify details of their latest deal which brings the Premier League to the fingertips of football fans. While the partnership…

FTX sister company Alameda Research sues Voyager Digital for $446M

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Embattled crypto investment firm Alameda Research is suing bankrupt crypto lender Voyager Digital in an effort to claw back loan repayments FTX made before it collapsed in November. Lawyers managing the FTX and Alameda bankruptcy case sued Voyager for $445.8 million in a Delaware court on Jan. 30. While both companies filed for bankruptcy in 2022, Voyager’s chapter 11 filing came four months earlier in July. Following Voyager’s Chapter 11, the crypto lender demanded repayment of all outstanding loans to FTX and its affiliate investment firm Alameda Research. According to…

China’s Hainan to boost NFT oversight as digital yuan trial ramps

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Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy development” of the sector and to stomp out fraud and other associated risks. In a separate announcement, the People’s Bank of China (PBoC) also announced that it is working on new features for its Central Bank Digital Currency (CBDC) pilot program, referred to as the digital yuan or eCNY. NFT oversight In a public notice posted on Jan. 29, Hainan’s market regulator and nine other agencies from the…

Montenegro’s central bank teams up with Ripple on digital currency pilot project

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Montenegrin Prime Minister Dritan Abazović has announced on Twitter that his country is pursuing a digital currency in conjunction with Ripple. Abazović met with Ripple CEO Brad Garlinghouse and vice president James Wallis at Davos. Wallis is Ripple’s vice president for central bank engagements and CBDCs. Abazović apparently had something like a central bank digital currency (CBDC) in mind in his announcement, as he stated in the thread: “In cooperation with @Ripple and the Central Bank, we launched a pilot project to build the first digital currency or stablecoin for…

Digital asset investment products see highest inflows since July 2022: Report

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On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022.  CoinShares reported that the sector’s total assets under management rose to $28 billion, a 43% increase from its November 2022 lows. The improvement in investment product volumes was evident, with $1.3 billion traded during the week, a 17% increase compared to the year-to-date average. Meanwhile, weekly volumes in the digital asset market have risen…

Global Digital Cluster Coin (GDCC) Is Now Available on LBank Exchange – Press release Bitcoin News

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press release PRESS RELEASE. LBank Exchange, a global digital asset trading platform, has listed Global Digital Cluster Coin (GDCC) on January 27, 2023. For all users of LBank Exchange, the GDCC/USDT trading pair is now officially available for trading. With its new-age protocol and peer-to-peer network, Global Digital Cluster Coin (GDCC) restructures the concept of money and assets with cutting-edge technologies that have the potential to transform various industries and allow people to adapt crypto assets. Its native token GDCC will be listed on LBank Exchange at 8:00 UTC on…