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In a significant turn of events, BlockFi has reached a settlement with the estates of FTX and Alameda Research, inching closer to a full recovery for its customers. The bankrupt crypto lender has agreed to an ‘in principle’ settlement for nearly $1 billion, with a total claim amount of $874.5 million.

As part of the settlement, BlockFi will receive a $250 million secured claim, prioritizing its payment once FTX’s plan to end bankruptcy is approved. This agreement also sees FTX dropping its claims against BlockFi, streamlining the payout process for BlockFi’s remaining claims.

The intricate relationship between BlockFi, FTX, and Alameda Research has been a focal point in the crypto world. This settlement not only untangles some of that complexity but also promises a brighter future for BlockFi’s customers and creditors.

BlockFi’s bankruptcy administrators have hailed this agreement as an ‘excellent outcome’, ensuring that funds reserved for litigation are now redirected towards customer distributions. This marks a pivotal step in BlockFi’s journey towards financial recovery and stability.

Welcome to the future of asset trading! The Deutsche Börse Group has just unveiled an exciting new platform: the Deutsche Börse Digital Exchange (DBDX), designed specifically for institutional clients. This innovative platform is your one-stop-shop for the spot trading, settlement, and custody of crypto assets.

Deutsche Börse is on a mission to revolutionize the digital asset space. With the DBDX platform, institutional clients gain access to a range of cryptocurrency trading products, all through a seamless, single point of access. This move aligns perfectly with Deutsche Börse’s Horizon 2026 strategy, which focuses on leading the charge in digitalizing asset classes. The platform is all about ensuring transparency, security, and regulatory compliance, setting a new standard for market integrity.

Trading on DBDX kicks off on a Request for Quote (RfQ) basis, with Deutsche Börse steering the ship. Meanwhile, Crypto Finance (Deutschland) GmbH is at the helm of providing top-notch settlement and custody services. This collaboration marks a significant milestone in creating a resilient, trusted digital asset ecosystem. Crypto Finance CEO Stijn Vander Straeten expressed excitement over strengthening their custody and settlement offering in Germany, in partnership with Deutsche Börse.

This launch is a pivotal step towards a broader, more inclusive range of investable and tradable digital assets for institutional clients, promising to reshape the landscape of asset trading.

Hello, crypto enthusiasts! Let’s dive into the recent rollercoaster journey of Coinbase, a story of resilience and strategic navigation through the choppy waters of technical outages and legal challenges.

Despite facing a series of technical glitches due to an unprecedented surge in Bitcoin trading activity, Coinbase’s share price has impressively climbed to $239, showcasing the exchange’s robust standing in the crypto market. The exchange encountered outages, which were promptly addressed, signaling their commitment to providing uninterrupted service amid the bull market frenzy.

In the backdrop of these technical hurdles, Coinbase also finds itself entangled in an ongoing legal saga with the SEC over insider trading charges involving former employees. However, the steadfastness of Coinbase’s share growth, even amidst such challenges, speaks volumes about the bullish sentiment enveloping the crypto world.

The insider trading case saw a default judgment in favor of the SEC, declaring certain cryptocurrencies as securities. Yet, Coinbase’s legal team remains unshaken, highlighting the one-sided nature of default judgments and their minimal impact as legal precedents.

This dynamic saga of Coinbase is a testament to the exchange’s resilience, the vibrancy of the crypto market, and the intricate dance between innovation and regulation. As we continue to watch this space, the journey of Coinbase remains a compelling narrative of success, challenge, and adaptation.

Argentina’s recent arrest of a couple accused of orchestrating a $400 million cryptocurrency Ponzi scheme has sent shockwaves through the crypto world. This high-stakes drama unfolded with the Argentine Federal Police and Interpol joining forces, showcasing international cooperation at its finest.

The duo, using aliases, slipped into Argentina, but their days of freedom were numbered. Identified as Antonio Inacio Da Silva Neto and Fabricia Farias Campos, the brains behind Braiscompany, they promised financial liberation but delivered deceit. Da Silva Neto, facing a red Interpol warrant since March 2023, and Campos have been sentenced to over a century in prison, marking a significant victory against financial crimes.

Following an intensive hunt, their purchases and payments under fake identities led to their capture. Now awaiting extradition to Brazil, their arrest underscores the global commitment to upholding financial integrity and combating cryptocurrency fraud.

December witnessed another linked individual’s extradition to Brazil, further dismantling the network behind Braiscompany’s fraudulent activities. This saga not only highlights the risks inherent in the crypto market but also the relentless pursuit of justice across borders.