News Explorer — BlockFi Asks Court to Convert Its DOGE and Other Holdings to Stablecoins

BlockFi has submitted a request to convert its trade-only assets, including Algorand (ALGO), Bitcoin Cash (BCH), and Dogecoin (DOGE), to the Gemini Dollar stablecoin. This move would allow the assets to be withdrawn, as they are currently not available for withdrawal due to practical reasons associated with the attributes of the digital coins. The request has the support of BlockFi’s committee of unsecured creditors.

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Blockworks

BlockFi Asks Court to Convert Its DOGE and Other Holdings to Stablecoins

BlockFi has submitted a request to convert its trade-only assets, including Algorand (ALGO), Bitcoin Cash (BCH), and Dog… Read Summary

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Aug 30, 6:52 am

Unchained Crypto

DOJ Moves to Exclude Expert Witnesses in Bankman-Fried Case, Citing Unreliability and Invasion of Purview

The U.S. Department of Justice (DOJ) has filed a motion to exclude the testimony of all expert witnesses in the Sam Bank… Read Summary

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Aug 30, 5:04 am

Cointelegraph

Binance Launches ‘Send Cash’ Product, Letting Latin American Users Transfer Crypto to Bank Accounts

Binance is launching a new payment solution called Send Cash in Latin America, allowing users from nine countries to tra… Read Summary

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Aug 30, 5:32 am

Cointelegraph

Circle Partners With Mercado Libre to Bring USDC to Chile

Stablecoin issuer Circle has partnered with Mercado Libre to bring its USD Coin stablecoin to Mercado Pago, expanding th… Read Summary

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Aug 30, 1:53 am

Reuters

SEBA Bank Lands Regulatory Approval to Offer Crypto Services in Hong Kong

SEBA Bank has received approval in principle from Hong Kong’s securities regulator to offer virtual asset services in th… Read Summary

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Aug 30, 1:09 am

Decrypt

Ben Armstrong Denies Allegations Around His Removal From BJ Investment Holdings

BJ Investment Holdings has removed crypto personality Ben Armstrong from the company, citing substance abuse and the all… Read Summary

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Aug 30, 1:09 am

Decrypt

Ben Armstrong Calls Allegations ‘Diabolical,’ Alleges Bribery at BitBoy Crypto Network

BJ Investment Holdings has removed crypto personality Ben Armstrong from the company, citing substance abuse and the all… Read Summary

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Aug 29, 8:45 pm

Decrypt

What’s Good for Grayscale and Bitcoin ETFs Could Be Great for Coinbase

Grayscale’s courtroom victory over the SEC has led to positive market performance in the crypto industry. Coinbase’s sha… Read Summary

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Aug 29, 8:27 pm

Decrypt

Coinbase Stock Soars 15% Following Grayscale’s Bitcoin ETF Win Against SEC

Coinbase’s stock surged after a federal judge ruled in favor of Grayscale in its SEC lawsuit. The ruling suggests that a… Read Summary

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Aug 29, 8:15 pm

Decrypt

Bearish Investors Sold $168 Million From Crypto Funds Last Week

According to CoinShares’ latest crypto fund report, institutional investors have been withdrawing from the crypto market… Read Summary

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Aug 29, 7:17 pm

Decrypt

Bitcoin Cash, Stacks Rise After Grayscale’s Win Over SEC

Bitcoin and Bitcoin-related cryptocurrencies like Bitcoin Cash and Stacks are experiencing gains following Grayscale’s c… Read Summary

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Aug 29, 6:49 pm

Decrypt

Bitcoin Developers at Odds Over Drivechain Proposal

Drivechains, proposed as BIP 300 and BIP 301, aim to create a native sidechain mechanism for Bitcoin, allowing BTC to be… Read Summary

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Aug 29, 6:37 pm

The Block

Binance Launches Crypto Payments Feature in Latin America

Binance has launched Send Cash, a platform that allows for the transfer of crypto from Binance Pay in nine Latin America… Read Summary

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Aug 29, 6:24 pm

Cointelegraph

Researchers Have Created a Crypto Literacy Scale to Measure Economic and Financial Knowledge

Researchers from the University of Cincinnati have developed a Crypto Literacy Scale (CLS) to measure economic and finan… Read Summary

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