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An array of crypto- related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for Russian Persons The Council of the European Union announced new sanctions against Russia on the backdrop of the deepening military conflict in Ukraine. The penalties, expected to hurt the Russian government and economy, come after Moscow took steps to annex the Ukrainian regions of Donetsk, Luhansk, Zaporizhzhia, and Kherson. In a statement, the EU’s High Representative for Foreign Affairs and Security Policy Josep Borrell emphasized that the sanctions are a response to the latest escalation with the “fake referenda” in these four oblasts. Russian individuals and entities that have played a role in their organization ...

In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking at customer positions and not looking at customer risk.” This week, an FTX insider speaking to Bitcoin.com News under terms of anonymity shared a document that purportedly shows Alameda Research CEO Caroline Ellison’s personal account was in the hole by $1.31 billion in May 2022. SBF Interviews Continue to Highlight a Massive Margin Position That Went Sour There’s been a lot of information shared by the former FTX co-founder Sam Bankman-Fried (SBF) during his interviews, and it seems that somehow, without his knowledge, a large margin account got out of contro...

Crypto lending giant BlockFi had exposure exceeding $1.2 billion to Sam Bankman-Fried’s collapsed FTX-Alameda empire. The figure exceeds the size of BlockFi’s previously stated exposure and amounts to nearly half of the company’s assets.  BlockFi’s Massive Exposure As reported by CNBC, documents detailing BlockFi’s exposure were meant to be redacted but were mistakenly published without the redactions on Tuesday.  The unredacted filing showed BlockFi held $415.9 million of assets linked to FTX, alongside $831.3 million in loans to Alameda, as of January 14. BlockFi lawyers previously claimed that exposure to each company was valued at $355 million and $671 million respectively. January’s crypto market rally, which took Bitcoin’s price to over $23,000, has bolstered those numbers.  KYC & Audit Solutions! SolidProof M3 Partners, an advisor to the creditor committee, assembled the financial presentation. The firm is entirely composed of creditors to BlockFi , who...

A Welsh bitcoin investor who accidentally lost 8,000 bitcoin a decade ago after throwing the hard drive into the trash is now threatening to sue the local council overseeing the landfill it’s in and potentially bankrupt them, as he seeks to win $557 million in legal fees.  Newport City Council (NCC) has repeatedly said no to James Howells’ request to dig up the landfill and search for his bitcoin. However, as reported by the Telegraph, Howells is preparing to sue the council and stop them from carrying out other works on the site. The proposed lawsuit aims to secure £446 million ($557 million) in damages, a value that matches the highest recorded price of his lost bitcoin.  By asking for this amount, Howells is threatening to bankrupt NCC, saying that the recently declared bankrupt Birmingham City Council would “not be the only Labour-run council to go bankrupt” this year. “I’ve tried everything I can for 10 years, they didn’t want to play ball, so now we have to go down...

However, this price jump could turn into a sell-the-rise opportunity as suggested by the surge in the exchange deposits. On-chain data provider Santiment reported that the exchange supply for Bitcoin has reached a two-week high. Reportedly, over 5,000 Bitcoins worth a staggering $128.5 million have been sent to the exchanges over the last 24 hours. advertisement Bitcoin has seen a modest 2% price increase, reaching $26.3K once again after a week. It’s important to monitor the supply of BTC on exchanges, which has grown by 3.1% in the past two weeks. Traders seem to be driven by the desire to secure modest profits, added Santiment. Courtesy: Santiment However, after the recent bounceback, $26,000 remains a key level to watch for investors. So far, the BTC price has been forming a double-top pattern indicating further pain ahead. However, if the BTC price manages to hold above the $26,000 mark, the double-top theory shall remain invalidated. If #BTC holds ~$...

Join Our Telegram channel to stay up to date on breaking news coverage Ripple Labs’ co-founder Chris Larsen slammed ”power hungry” Securities and Exchange Commission (SEC) chair Gary Gensler for ”bullying” the crypto industry and losing the blockchain industry to foreign competitors. Larsen made the remarks in an interview with Bloomberg Television on Sept. 6 and also said that the Biden administration has ”’screwed up” the nation’s crypto policy, losing the blockchain industry to offshore crypto hubs including London, Dubai and Singapore. San Francisco was set to become “the blockchain capital of the world” but lost its status because of hostile US government policy, Ripple co-founder Chris Larsen says https://t.co/zPbEzabPP8 — Bloomberg Crypto (@crypto) September 6, 2023 Gensler is pursuing a regulation by enforcement strategy, rather than pressing lawmakers for clearer regulations, because he ”...

Bullish LQTY price prediction ranges from $2.539 to $2.857. LQTY price might also reach $4 this 2023. LQTY’s bearish market price prediction for 2023 is $0.486. Liquity is a decentralized borrowing protocol that enables users to draw loans against Ether tokens used as collateral. Unlike other platforms, Liquity offers interest-free liquidity and a low collateral ratio, making it more efficient for borrowers. Additionally, Liquity guarantees a hard price floor and a governance-free algorithmic monetary policy that ensures censorship resistance. If you are interested in the future of Liquity (LQTY) and would like to know the price Analysis and price prediction of LQTY for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition article. Table of contents Liquity (LQTY) Market Overview What is Liquity (LQTY)? Analysts’ View on Liquity (LQTY) Liquity (LQTY) Current Market Status Liquity (LQTY) Price Analysis 2023 Liquity (LQTY) Price Analysis ...

Binance Ends $1B Voyager Deal A U.S. bankruptcy judge gave the go-ahead for the sale to Binance.US just one month ago and according to the previous plan, customers’ funds would have been recovered to the extent of 73%. However, this amount could have been reduced to 48% in the event that claims from the defunct cryptocurrency exchange FTX and its subsidiary Alameda Research were successful. There was a resounding 97% yes vote among the 6% of creditors who voted on the proposed Voyager plan. advertisement 1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform. — Voyager (@investvoyager) April 25, 2023 Trending Stories ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10...