Author name: Peter

The End of OPNX: A Closure to the Journey of Zhu and Davies, Co-Founders of Three Arrows

OPNX Announces Cease of Operations Following Legal Repercussions OPNX, a platform renowned for its unique offering of trading bankruptcy claims alongside crypto exchange operations, has made the decision to cease all activities by February 14th. This announcement comes as co-founders Su Zhu and Kyle Davies grapple with the legal consequences resulting from the failure of

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Australian Creditors of FTX Crypto Exchange Receive Boost in Money Recovery

Australian Dollar Withdrawal Requests The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million recovered. Australian investors with crypto-to-crypto withdrawal requests will have to

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Genesis Settles SEC Lawsuit for $21 Million Over Unregistered Securities

Genesis Strikes $21 Million Deal With SEC to Resolve Lawsuit Genesis Global Holdco, a subsidiary of Digital Currency Group, has reached a $21 million settlement to resolve a lawsuit brought against it by the Securities and Exchange Commission (SEC). The lawsuit alleged that Genesis engaged in the unregistered offer and sale of securities through its

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UK Police Seize 61,000 Bitcoins in Major Chinese Investment Fraud

Overview The U.K. Metropolitan Police have made a significant breakthrough in the fight against cryptocurrency fraud, seizing over 61,000 bitcoins from a massive investment scam originating in China. This seizure stands as one of the largest cryptocurrency confiscations worldwide and highlights the global reach and impact of these fraudulent schemes. The Seizure During the trial

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Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March

Peter Schiff on the Fed Rate Cut and Inflation Economist Peter Schiff recently shared his insights on the U.S. economy, the Federal Reserve's policy, and the possibility of a rate cut in March. In a series of posts on social media platform X, Schiff expressed his thoughts on the matter. The Federal Reserve decided to

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The Growth of the Stablecoin Economy in January 2024

Stablecoin Market Capitalization Sees Significant Increase Recent data shows a notable rise in the combined market capitalization of leading stablecoins over the past month. The total market capitalization has increased from $131.71 billion to $136.56 billion, indicating a growth of approximately $4.85 billion. Tether (USDT) Approaching 100 Billion Tokens in Circulation Tether, the top stablecoin

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Grayscale Bitcoin Trust Reduces Holdings as New ETFs Acquire Over 160,000 BTC

Grayscale's Bitcoin Trust (GBTC) has seen a slowdown in its reduction of bitcoin holdings, while nine newly launched spot bitcoin exchange-traded funds (ETFs) have collectively acquired an impressive total of 160,661.38 bitcoin. GBTC Reduces Bitcoin Holdings While 9 ETFs Gain Ground Recent data shows that Grayscale's Bitcoin Trust (GBTC) has experienced a decrease in its

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Tether’s Audit Report Reveals Over $2.8 Billion in Bitcoin Holdings

Tether, the leading stablecoin issuer, has announced today that it possesses a robust balance sheet with ownership of over $2.8 billion in Bitcoin. This valuable information has been revealed following an audit conducted by BDO, a renowned auditing firm. The official auditor's report provides a comprehensive analysis of Tether's financial standing, including detailed information on

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Robert Kiyosaki Reveals Why Bitcoin is Essential for Wealth Protection

Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, has recently shed light on why he believes owning bitcoin is crucial. Kiyosaki argues that the cryptocurrency serves as a safeguard against the theft of wealth through the manipulation of traditional financial systems. In particular, he highlights the actions of the Federal Reserve,

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