The Block
Quick Take Kensuke Amo, most recently served as Coincheck’s managing executive officer, has joined Animoca to lead the Japanese market.
Creditors will receive crypto, fiat and common stocks in a new bitcoin mining company named Ionic Digital, according to the approved reorganization plan.
Bitcoin traded mostly flat on Wednesday as the Federal Reserve held interest rates at the current range of 5.25%-5.50%, as expected.
Quick Take Andreas Koukorinis, former head of electronic ETF trading at JPMorgan Chase, has become GSR’s head of trading.
Quick Take An FTX lawyer said during a Wednesday hearing that plans for a re-launch of the exchange won’t come to fruition.
Quick Take Stablecoin issuer Tether reported a record net profit of $2.9 billion in its Q4 2023 attestation report. Tether also set an all-time high increase in excess reserves backing its tokens in circulation during the quarter, now totaling $5.4 billion.
Quick Take The rule, dubbed the ‘Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications,’ is not clear on whether it would apply to specific digital asset entities, lawmakers wrote in a letter to CFPB Director Rohit Chopra on Tuesday.
The price of XRP dipped more than 4% on Wednesday as Ripple co-founder Chris Larsen said there had been “unauthorized access” to “a few of my personal XRP accounts.”Crypto sleuth ZachXBT first reported the exploit, which appeared to affect 213 million XRP worth $112.5 million.
Quick Take: Ripple co-founder Chris Larsen said Wednesday that there had been “unauthorized access” to “a few of my personal XRP accounts.” His comments followed a post on X from crypto sleuth ZachXBT, who said that it appeared Ripple “was hacked” for about 213 million XRP worth $112.5 million.
Quick Take Bitfinex Securities has become the first licensed digital assets service provider to commence operations in El Salvador. Following the successful launch of U.S. spot bitcoin ETFs, Bitfinex anticipates high demand for regulated digital asset investment vehicles.
