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US
Sullivan & Cromwell Gets Go-Ahead to Represent FTX in Bankruptcy Proceedings, Despite Controversy
James Bromley, a partner at Sullivan & Cromwell, said former CEO Sam Bankman-Fried has been stirring the pot by “lashing out” on Twitter.
Genesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing
Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday.
Genesis Owes Over $3.5B to Top 50 Creditors
Genesis has over 100,000 creditors among the three of its companies that declared bankruptcy.
Genesis' Crypto Lending Businesses File for Bankruptcy Protection
The collapse of FTX in late 2022 was the final straw for Genesis, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
Bitcoin Miner CleanSpark Builds 50MW Additional Mining Capacity at Georgia Site
The mining firm will increase its computing power by 25% to 34% after the U.S. site goes online.
Digital Dollar Project Warns on US Cautious Approach to CBDCs
The DDP's white paper called the U.S, approach to CBDCs an "unsustainable position."
Crypto Observers Maintain Risk-On Bias as US Debt Ceiling Nears
Observers said the "extraordinary measures" the U.S. Treasury Dept. has promised to implement after the limit is reached will likely ease financial conditions and keep risk assets steady. The government is set to hit the debt limit on Thursday.
FTX Debtors Give Details on Digital Assets Identified So Far
The FTX Debtors group has identified $1.6 billion of digital assets associated with FTX.com and $181 million connected to FTX US.
US House Republicans to Set Up Crypto Committee to Oversee Shaky Industry: Report
The new subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill (R-Ark.)
Bitcoin Dips With Stocks After US Report of 6.5% CPI Inflation
Annualized inflation slowed to 6.5% in December from 7.1% previously, in line with economist forecasts.
