By Dietrich Knauth NEW YORK (Reuters) - Bankrupt crypto companies FTX and BlockFi have resolved their disputes stemming from the companies\' collapses in 2022, with FTX agreeing to pay BlockFi up to $874 million, according to court documents filed on Wednesday. The settlement is subject to approval by U.S. Bankruptcy Judge John Dorsey in Wilmington,...
Binance, the world’s largest cryptocurrency exchange, has temporarily suspended withdrawals to the Solana network due to an “increased volume of transactions.” According to a Binance announcement released on March 6, the exchange expects to implement a solution and resume withdrawals starting on March 9. Binance Temporarily Halts Solana (SOL) Withdrawals According to the press release on March...
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Emerging stablecoin Ethena (USDe) poses unique risks for holders compared to other dollar-denominated tokens, argued CryptoQuant in a new report on the matter. The Unique Risks Of Ethena (USDe) Boasting a market cap of over $2.3 billion today, Ethena emerged in late February and quickly became the fastest-growing stablecoin in history. One of its most...
By David Shepardson WASHINGTON (Reuters) -U.S. District Judge Adrienne Nelson on Monday set Aug. 26 as the start of a hearing on the Federal Trade Commission\'s bid for a preliminary injunction to block supermarket chain Kroger (NYSE:KR)\'s $24.6 billion deal to buy smaller rival Albertsons (NYSE:ACI). The FTC sued last month to block the deal...
The euro weakened against other major currencies in the European session on Thursday. The euro fell to a 3-week low of 161.04 against the yen, from an early high of 162.69. Against the pound, the Swiss franc and the U.S. dollar, the euro slipped to 0.8548, 0.9593 and 1.0888 from early highs of 0.8563, 0.9621...
Upbit, one of South Korea’s largest cryptocurrency exchanges, has temporarily suspended deposits and withdrawals exceeding 1 million Korean won ($721). This decision, outlined in an official statement released today (April 17), follows modifications to the operations of Ten&Ten, a local VASP facilitating high-value transactions. Upbit Halts High-Value Transactions Following Ten&Ten Service Suspension Effective immediately, Upbit has...
Ford Motor Co. and TXU Energy, a subsidiary of Vistra (VST) announced Monday a partnership to create a new retail energy offering for Ford electric SUV and truck customers in Texas. Under the partnership, the TXU Energy Free EV Miles program offers participating Ford EV customers the opportunity to charge their vehicle entirely at home...
The White House is reportedly set to nominate Kristin Johnson, a commissioner at the Commodity Futures Trading Commission (CFTC), to fill a top role at the US Treasury Department overseeing banks, according to a May 9 report by Bloomberg. According to the report, Commissioner Johnson is endorsed to become the Assistant Secretary of the Treasury...
The Canadian market extended gains to a fourth straight session and posted new record highs on Monday, with stocks from healthcare, technology and energy sectors moving higher. Several stocks from consumer discretionary, financials and industrials sectors too posted impressive gains. After opening modestly higher and moving in a tight range till noon, stocks gained in...