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Debt-Saddled Zipmex Looks To Restructure, Irks Creditors With Compensation Offer
Wednesday, November 29, 2023 - 2:56pm | 335Cryptocurrency platform Zipmex is offering to compensate its creditors as part of its recent restructuring effort. As for what the compensation rate will be remains uncertain. What Happened: The Singapore-based company is proposing 3.35 cents per dollar, but the rate might increase to 29.35 cents...
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EXCLUSIVE: Changpeng Zhao's Exit, Binance's $4B Fine — A Wake-Up Call For Crypto, Or A Death Knell For The Industry?
Wednesday, November 22, 2023 - 3:04pm | 609The world of cryptocurrency has been shaken by recent events surrounding Binance (CRYPTO: BNB), one of the largest and most influential crypto exchanges globally. The exit of its CEO Changpeng Zhao and a staggering $4 billion fine have sent ripples through the industry. Benzinga...
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Chanpeng Zhao Is 'Dealing With Pain... Will Survive,' Quotes Spock To Binance Employees
Wednesday, November 22, 2023 - 10:44am | 459Former Binance (CRYPTO: BNB) CEO Changpeng Zhao recently shared his personal reflections and future outlook following his legal entanglements. Zhao said he was dealing "with some pain," but would "survive." He encouraged Binance employees to "continue performing...
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Tether, OKX Strike At 'Pig Butchering' Scam With $225M Freeze
Monday, November 20, 2023 - 1:01pm | 419Stablecoin issuer Tether (CRYPTO: USDT), in collaboration with crypto exchange OKX, Monday announced the freezing of approximately $225 million in USDT tokens that were identified in external self-custody wallets linked to a Southeast Asian human trafficking syndicate involved in a...
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Kronos Research Crypto Hack — Trading Resumes After $25M Ether Token Theft
Monday, November 20, 2023 - 11:43am | 373Taiwanese trading firm Kronos Research reported unauthorized access to some of its API keys, leading to an estimated loss of over $25 million. The breach, which occurred over the weekend, prompted a temporary halt in trading activities as the firm conducted a thorough investigation....
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The Block Under New Reign: Foresight Ventures' Strategic Acquisition
Monday, November 13, 2023 - 12:08pm | 390In a strategic shift within the cryptocurrency media landscape, Singapore-based Foresight Ventures has acquired a majority stake in crypto news outlet and data provider "The Block." This acquisition comes at a crucial time, as the industry anticipates Benzinga's Future of Digital...
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Celsius Network's New Lease on Life — Judge Greenlights Crypto Miner Transformation
Thursday, November 9, 2023 - 5:49pm | 760In a significant development for the distressed crypto lender Celsius Network LLC (CRYPTO: CEL), a bankruptcy court has sanctioned its proposal to reorganize into a Bitcoin (CRYPTO: BTC) mining business owned by creditors. This strategy is designed as part of a comprehensive scheme to settle the...
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Ripple CEO Ready To Fight SEC In Supreme Court: 'We'd Love To See The Vegas Odds'
Thursday, November 9, 2023 - 5:15pm | 728Ripple (CRYPTO: XRP) is prepared to take its legal battle with the Securities and Exchange Commission (SEC) over the XRP crypto token to the Supreme Court. That's according to Ripple CEO Brad Garlinghouse, citing how the company has already spent over $150 million on legal defenses. The SEC and...
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BlackRock's Ethereum Trust Ignites Crypto Market: Asset Management Behemoth Doubles Down On Digital Assets
Thursday, November 9, 2023 - 2:02pm | 588BlackRock Advisors, a division of asset management giant BlackRock (NYSE: BLK), registered an iShares Ethereum Trust in Delaware, according to a filing on Thursday. This move came after BlackRock’s announcement earlier this year of its filing for a spot Bitcoin (CRYPTO: BTC) ETF...
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EXCLUSIVE: Crypto Payments Here To Stay, Solana Exec Says: 'US Risks Losing Talent'
Monday, November 6, 2023 - 1:00pm | 895The future of crypto payments is not just a possibility but a current reality actively reshaping financial transactions worldwide, according to Austin Federa, Head of Strategy at Solana (CRYPTO: SOL) Foundation. Federa's insights, shared ahead of Benzinga's Future of Digital...
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EXCLUSIVE: Bankman-Fried Trial Outcome Casts Positive Light On Blockchain Integrity, Says Wormhole Exec
Thursday, November 2, 2023 - 12:43pm | 676The trial of FTX founder Sam Bankman-Fried is another age-old story of a financial entity defrauding its users, according to Robinson Burkey of the Wormhole Foundation. The majority of the crypto industry will soon rejoice, Burkey predicts. “The majority of the crypto industry is going to be...
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Bankman-Fried's Defense Hits Back: He Is Not A Monster, Making Mistakes Is Not A Crime
Wednesday, November 1, 2023 - 6:55pm | 844At a hearing today (Wednesday), FTX co-founder Sam Bankman-Fried's defense attorney Mark Cohen countered the accusations leveled against his client, ardently arguing the government's portrayal of Bankman-Fried as a "monster" is both "wrong and unfair...
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Sam Bankman-Fried Admits Risk Using FTX Funds To Settle Alameda Research Debt
Monday, October 30, 2023 - 7:07pm | 553Sam Bankman-Fried, the face behind crypto giants FTX and Alameda Research, acknowledged his awareness of the potential risks tied to the controversial decision to use the former's funds to repay the latter's debts. This concession came during the intense cross-examination by Assistant...
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Taiwan's Crypto Regulatory Bill: This Could Be A Template For Other Countries To Follow
Friday, October 27, 2023 - 10:21am | 588Taiwan's legislative body, the Legislative Yuan, has taken initial steps towards cryptocurrency regulations with a new draft proposal — the Virtual Asset Management Ordinance — for the sector. Taiwan's move to draft this comes as discussions about...
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Former Alameda Insider Exposes Massive Security Lapses Leading To Millions In Losses
Thursday, October 12, 2023 - 10:11am | 602Former Alameda Research engineer Aditya Bharadwaj has shed light on the company's significant security incidents that led to the loss of hundreds of millions of dollars. Amid these revelations, industry experts and stakeholders are gearing up for Benzinga's Future of...