BlockFi Seeks Court Approval to Convert Users’ “Trade-Only” Wallet Assets to Withdrawable Stablecoins
Bankrupt crypto lender BlockFi has filed a motion for order in the US bankruptcy court for the District of New Jersey, seeking permission to convert "trade-only" wallet assets into stablecoins, “that wallet users could t...
According to the proposal, these assets comprise less than one-half of a percent (0.5%) of all wallet addresses of BlockFi users in the US. The assets include Algorand (ALGO), Bitcoin Cash (BCH), and Dogecoin (DOGE)....
Read More: BlockFi Seeks Court Approval to Convert Users’ “Trade-Only” Wallet Assets to Withdrawable Stablecoins
Original source
Read on CryptonewsRelated market context
Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million
TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. T...
Crypto exchanges are opening a two-front war for the stock market
Binance, Kraken, Bybit, and Gemini are moving to add US stocks and ETFs to their crypto trading apps, making a direct play for the...
VanEck Bets BNB’s Real-World Usage Can Help Its ETF Stand Out
TL;DR VanEck is positioning its VBNB spot BNB ETF around BNB Chain usage and revenue metrics. The ETF reportedly has around $2 mil...
Coinbase report flags Bitcoin cold wallets exposed to quantum risks
The potential quantum threat to Bitcoin highlights the urgent need for governance solutions to protect vulnerable assets and ensur...
Global Takedown Cripples Dark Web Bitcoin Service After 10,333 BTC Hit Wallets
U.S. prosecutors charged two men in a $389 million cryptocurrency laundering case tied to a dark web bitcoin service. Authorities...
Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
The banks are finally buying the vaults. In May, BNY, the world's largest custodian with $59.4 trillion in assets under custody an...