“Genesis is aware that Three Arrows directly or indirectly owns the Deribit shares and the StarkWare shares, which could be sold to pay part of an eventual award against Three Arrows, but in light of Three Arrows’ conduct it is likely that Three Arrows will seek to dissipate such shares without legal intervention,” a lawyer for Genesis Asia Pacific wrote in one of the documents. Source
As the risk of a recession continues to rise, Morgan Stanley believes it’s time to buy exchange operator Cboe Global Markets . Analyst Michael Cyprys double upgraded the stock from an underweight rating to overweight, saying in a note to clients Tuesday that at this time, the bank favors defensive exchanges and brokers that benefit from rising rates and increased volatility. “In a less certain macro environment with rising probability of a recession, CBOE’s transaction-heavy business model (70% of revenues) offers potential for growth and the greatest chance for upward…
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Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending firms Celsius and Voyager Digital filed for bankruptcy this month, leaving users’ assets trapped inside their platforms. Both firms froze client accounts after an influx of withdrawals led to liquidity issues. Celsius operated much like…
The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed against the fine and has now submitted an application to register with the central bank. Binance Fined by Dutch Regulator The Dutch central bank, De Nederlandsche Bank (DNB), revealed Monday that it has fined Binance Holdings Ltd. for offering crypto services without registration as required by law. The administrative fine of 3.325 million euros ($3.4 million) was imposed on the cryptocurrency exchange on…
Los usuarios de la plataforma podrán retirar hasta $3.333 en nuARS, una criptomoneda estable vinculada al peso argentino, utilizando el DAI de MakerDAO como garantía. Source
Users of the platform will be able to use MakerDAO’s stablecoin, DAI, as collateral and withdraw up to one million nuARS, a stablecoin tied to the Argentine peso, the company said in a statement. At the current exchange rate, the maximum amount is equivalent to $3,333. Source
The world’s largest crypto exchange by trading volume is receiving a registration fine from De Nederlandsche Bank (DNB), the Dutch central bank. According to an announcement, the fine will be punishable by the third category – the DNB’s strictest enforcement level. “The violations committed by Binance are punishable with a fine from the third category. This means that the administrative fine has a basic amount of EUR 2,000,000, a minimum amount of EUR 0 and a maximum amount of EUR 4,000,000.” The Dutch central bank is fining Binance 3.3 million…
The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance, the world’s largest cryptocurrency exchange, on Monday was slapped with a 3.3 million euro ($3.4 million) fine from the Dutch central bank for operating in the Netherlands without registration. The penalty came after an August 2021 warning from De Nederlandsche Bank (DNB) last year that Binance had offered crypto services in the country without authorization. The company was dealt a category 3…
A popular analyst says that Ethereum challenger Solana (SOL) appears primed to sustain its bullish ascent as one exchange token trades in an area that offers a favorable risk to reward ratio. The pseudonymous trader known as Cantering Clark tells his 140,300 Twitter followers that the right market conditions could help Solana put together a sizable rally after SOL took out both its diagonal and horizontal resistances. “If the market sustains this push by ETH, SOL rips much higher. Bunch of open interest and risk tagged on on the way…