130-Year-Old German Bank To Offer Bitcoin Services
130-Year-Old German Bank To Offer Bitcoin Services
FTX To Fully Repay Customers But Won't Restart Exchange, Binance Launches Inscriptions Marketplace
Welcome to Coinfeeds Daily Digest! Today we cover FTX having stated the intention to repay all customer and creditor claims in full in a court hearing, and Celsius having begun its $3 billion repayment to creditors where they will also receive a stake in Ionic Digital Inc., Celsius' new Bitcoin mining company. UK Police have seized $1.8 billion in Bitcoin from an investment fraud operation that originated in China and ran from 2014 to 2017, Tether's new audit report shows $2.8 billion in total Bitcoin holdings and a 2023 Q4 profit of $2.9 billion. Moreover, Binance has unveiled a marketplace for inscriptions that will focus on BRC-20 and EVM tokens and is integrated with the Binance self-custody wallet app that supports 60K BRC-20 tokens.
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Century-Old German Bank Partners with Bitcoin Firm
A 130-year-olf German bank, Volksbank Raiffeisenbank Bayern Mitte eG, has announced a long-term partnership with a leading Bitcoin consulting firm, Terahash.Energy GmbH. The collaboration is not only a testament to the growing acceptance of cryptocurrencies in traditional banking. | Read More
UK Police Seize $1.8B in Bitcoin
The UK authorities have taken control of approximately 61,000 Bitcoin, which, at the time of the seizure, was worth around $1.77 billion. The seizure came as a result of an investigation into an investment fraud operation that originated in China and led to losses totaling $6.34 billion. | Read More
Binance Launches Inscriptions Marketplace
Binance has made a significant move by launching its own 'Binance Inscriptions Marketplace.' This platform is designed to cater to the growing interest in inscription tokens, which are a type of digital asset, usually on the Bitcoin blockchain minted with the Ordinal protocol. | Read More
Tether Boasts $2.9B Q4 Profit
The latest audit report shows that Tether holds over $2.8 billion in Bitcoin, which highlights the company's investment strategies and confidence in cryptocurrency. Furthermore, Tether reported a striking profit of $2.9 billion for the fourth quarter of 2023. | Read More
FTX To Fully Repay Customers, But Won't Restart Exchange
During a court hearing, FTX's legal representatives conveyed the company's intention to fully settle all customer and creditor claims. This decision comes after the exchange's dramatic downfall, which was marred by allegations of mismanagement and misuse of customer funds by its former CEO, SBF. | Read More
Celsius Begins $3B Creditor Repayment, Emerges from Bankruptcy
Celsius Network has successfully navigated through bankruptcy and is now set to distribute over $3 billion in cryptocurrency and fiat currency to its creditors. Creditors are also granted a stake in Ionic Digital Inc., a new Bitcoin mining operation. | Read More