Cointelegraph By Turner Wright
The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment.In a Jan. 16 press briefing, Seoul Mayor Oh Se-hoon announced the launch of the first phase of Metaverse Seoul following beta testing...
The mining arm of crypto lender Celsius Network has issued a notice for the sale of $1.3 million worth of mining equipment as part of its bankruptcy case.In a Jan. 11 filing with the United States Bankruptcy Court of the Southern District of New York, Celsius says it...
Less than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia, prosecutors have reportedly charged four people.According to a Jan. 13 report by Bloomberg, authorities charged four Bulgarian nationals with forming an organized crime group, which may have included activities related...
The People’s Bank of China, or PBoC, has begun including the country’s central bank digital currency, the e-CNY, in reports measuring the amount of currency in circulation.According to a 2022 financial statistics report released on Jan. 10, the PBoC said there was 13.61 billion digital yuan — roughly...
The Swedish Financial Supervisory Authority, one of the country’s financial regulatory agencies, has granted the local arm of crypto exchange Binance approval to manage and trade digital currencies.According to a Jan. 11 announcement, Binance said that following “months of constructive engagement” with the financial regulator, the FSA granted Binance...
Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”. In a Jan. 10 blog post, Binance said the basis for the report — which was later amended to clarify the difference between...
Crypto lending firm BlockFi has announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November.In a Jan. 9 Twitter thread, BlockFi said it had filed a presentation for its stakeholders detailing plans for future court filings...
The United States Department of Justice has officially notified the court handling the bankruptcy of BlockFi that it has seized assets in accordance with criminal cases against crypto exchange FTX and its executives.In a Jan. 6 court filing, the Justice Department said it had seized 55,273,469 shares of...
The legal team for former FTX CEO Sam Bankman-Fried has filed a motion in an effort to stop the exchange’s debtors from controlling more than $450 million worth of shares of Robinhood.In a Jan. 5 court filing regarding FTX’s bankruptcy case, Bankman-Fried’s lawyers said FTX debtors had “failed...
The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to the victims of Sam Bankman-Fried’s alleged fraud at FTX to come forward and informing them about court proceedings.In a Jan. 6 filing, Assistant U.S. Attorney Danielle Sassoon...
