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jonesaria357

@jonesaria357

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irene91be
@irene91be
Celsius has been trying to claw back hundreds of millions from FTX, initially claiming $2 billion in damages over alleged “disparaging statements” that FTX officers made against Celsius that accelerated its fall. It later revised the claim to focus on “preferential transfers” that gave special treatment to some creditors and not others, claiming damages of $444 million.
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merfil89
@merfil89
Sunil Kavuri, an FTX creditor activist, said in a Jan. 2 post that Celsius filed a $2 billion claim for disparagement before the bar date and then filed a $444 million amended claim for a preference claim after the bar date.
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abrahamla088
@abrahamla088
“Celsius counters that the original proofs of claim were sufficient to put the debtors on notice of alleged avoidance claims, and at a minimum constitute protective proofs of claim sufficient to meet the requirements of the Bankruptcy Code,” the filing read.
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r90280790
@r90280790
As we rapidly approach the quarter-mark of the 21st century, it is hard to play down the effects of global digital migration on our lives. Many areas of life and society are conducted at least in part — and sometimes entirely — online.
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danathan048345
@danathan048345
Kekius Maximus is a mashup of the internet meme Pepe the Frog and Maximus Decimus Meridius, the main protagonist of the 2000 film Gladiator, played by Russell Crowe.
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b4823917
@b4823917
This ETP, set to launch in Q1 2025, will provide traditional finance investors in Europe with exposure to Floki, a memecoin ranked 66th by market capitalization.
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e28315122
@e28315122
The approval allows Binance to acquire São Paulo-based investment platform Sim;paul, a licensed broker-dealer authorized to distribute securities and issue electronic money (EMI), according to an announcement shared with Cointelegraph.
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thomas79bonnie
@thomas79bonnie
Four of the top 20 countries in terms of global crypto adoption are from Latin America, namely Brazil, Mexico, Venezuela and Argentina.
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irene91be
@irene91be
Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim, which contained only a single sentence about investigating possible preference claims, were insufficient to preserve their preference claims.
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merfil89
@merfil89
Celsius claimed FTX officers made “unsubstantiated and disparaging statements” about the firm’s balance sheet and financial condition in its first claim and then claimed $444 million in transfers to FTX entities should be returned to the bankruptcy estate in its amended claim.
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abrahamla088
@abrahamla088
According to an August court filing, Celsius repaid about $2.53 billion to around 250,000 creditors, representing approximately 84% of the assets owed.
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r90280790
@r90280790
The global average internet penetration is approximately 67.5%, while digitalization has happened at lightspeed in the European Union, where 93.1% of households are connected to the internet. Far from slowing down, this trend seems to be picking up at pace and is now evolving toward its next milestone: Web3.
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jonesaria357
@jonesaria357
In the United States alone, $5.6 billion was stolen from investors through cryptocurrency scams in 2023. Power is becoming concentrated in the hands of a few creators, and the only way we can combat this is by giving strength back to the many.
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jonesaria357
@jonesaria357
Although Web3 was initially designed to be decentralized, creators are increasingly developing protocols that are often, at best, exploitative or manipulative, consisting of pump and dumps. At worst, they are illegal scams and frauds.
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jonesaria357
@jonesaria357
While Web3 offers numerous advantages, it also raises significant concerns and unresolved questions — chief among them being the imbalance of power between creators and consumers.
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jonesaria357
@jonesaria357
In the United States alone, $5.6 billion was stolen from investors through cryptocurrency scams in 2023. Power is becoming concentrated in the hands of a few creators, and the only way we can combat this is by giving strength back to the many.
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10 recasts
21 reactions
jonesaria357 pfp
jonesaria357
@jonesaria357
Although Web3 was initially designed to be decentralized, creators are increasingly developing protocols that are often, at best, exploitative or manipulative, consisting of pump and dumps. At worst, they are illegal scams and frauds.
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jonesaria357
@jonesaria357
While Web3 offers numerous advantages, it also raises significant concerns and unresolved questions — chief among them being the imbalance of power between creators and consumers.
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amelixiao8
@amelixiao8
Texas and Pennsylvania have filed similar legislation to establish Bitcoin reserves after Donald Trump’s presidential election victory in November — who has also floated the idea of a federal Bitcoin reserve.
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o758037
@o758037
Deutsche Bank’s initiative indicates a push to use blockchain technology while addressing regulatory hurdles, potentially prompting other institutions to adopt asset servicing or to follow similar paths.
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