Author: Loris J. Aguilar
In cricket, the wicketkeeper is in charge of one of the most important tasks. There’s no way around the fact that this part of a game’s final score may be given too much importance. Many of India’s wicketkeepers have shown that they can do more than just keep wickets. The ability to keep wickets is one of the most underrated skills in this sport, which is a shame. Keepers, batters and bowlers, have to change their play depending on what’s going on in the game. When you think about how hard it is to keep spinners working on the uneven…
Binance, the largest cryptocurrency exchange in the world by trading volume, is stepping up its regulatory efforts in the United States. On the 20th of December, in a blog post, Binance announced that it had joined the US Chamber of Digital Commerce, a lobbying group in America, to help establish policies that protect and benefit users. Regarding this move to join the group’s Executive Committee, Binance said that it would work to educate, advocate, and bring forth solutions to support and shape crypto regulation in the United States. The Chamber of Digital Commerce is considered to be the largest such…
On the 20th of December, Glassnode, a public blockchain data curated by an analytics firm, revealed that around 17% of the total circulating supply of Bitcoin is now held by retail investors. In response to the data from Glassnode, in a tweet, Will Clemente, an analyst at Reflexivity Research, said that not perfect yet, but solid for a 12-year-old asset and trending in the right direction. The supply of Bitcoin disperses over time, while the holder base of fiat currency concentrates to whales over time, he added. According to the Glassnode data chart shared by Will Clemente, the percentages of…
On the 21st of December, Core Scientific, one of the largest Bitcoin miners in the industry, announced that it had filed for Chapter 11 bankruptcy protection in Texas. According to the announcement, despite its bankruptcy proceedings, the miner will continue its operations. It is expected that it will enter into a restructuring support agreement with the Ad Hoc Noteholder Group, which represents above 50% of the holders of its convertible notes. Ad Hoc Noteholder Group will also supply up to $56 million in financing as part of a debtor-in-possession facility to provide the necessary financing to effectuate the planned restructuring…
Ernst & Young, the accountancy firm, denied moving $1.7 million in Bitcoin mistakenly transferred three years ago to inaccessible cold wallets associated with QuadrigaCX. On the 20th of December, in a tweet, ZachXBT, an on-chain researcher, flagged the movement of 104 Bitcoin, worth around $1.7 million, split across five cold wallets, and much of it to the privacy wallet Wasabi. According to the researcher, this Bitcoin had been dormant for over three years since employees at QuadrigaCX, a collapsed Canadian crypto exchange that lost $190 million in user funds, had inadvertently sent the Bitcoin to these wallets under the auspices…
On the 21st of December, a creditor committee with the cryptocurrency exchange Gemini presented a plan to resolve the liquidity issues of the crypto lender Genesis and its parent company DCG, Digital Currency Group. The creditor committee’s plan also provides a path for the recovery of assets. In a tweet, Cameron Winklevoss, the president and co-founder of Gemini, confirmed that Houlihan Lokey, an American financial service company, presented a plan on behalf of the Creditor Committee to resolve the liquidity issues at Genesis and DCG. The plan is also intended to provide a path for the recovery of assets. Genesis…