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bitcoinmagazine.com Tether Pays $300 Million to Settle $4.5 Billion Celsius Bankruptcy Claims

Bitcoin Magazine Tether Pays $300 Million to Settle $4.5 Billion Celsius Bankruptcy Claims Tether has agreed to pay nearly $300 million to the Celsius Network bankruptcy estate, settling years of litigation tied its 2022 collapse.  This post Tether Pays $300 Million to Settle $4.5 Billion Celsius Bankruptcy Claims first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockonomi.com Celsius Settles Bankruptcy Case with Tether for $299.5 Million

TLDR Celsius has reached a settlement with Tether for $299.5 million in its bankruptcy case. The settlement resolves a lawsuit where Celsius initially sought $3.5 billion in damages. Tether was accused of liquidating Bitcoin collateral prematurely during Celsius’s bankruptcy proceedings. The Blockchain Recovery Investment Consortium announced the resolution of the case on October 14. The [...] The post Celsius Settles Bankruptcy Case with Tether for $299.5 Million appeared first on Blockonomi.

news.bitcoin.com Solmate Buys $50M in Solana Tokens to Power UAE Infrastructure Buildout

Solmate Infrastructure has purchased $50 million in Solana tokens directly from the Solana Foundation to fuel its growing crypto infrastructure footprint across the United Arab Emirates. Solmate’s $50M Solana Purchase Aligns With UAE’s Digital Future The Abu Dhabi-based firm, Solmate Infrastructure (Nasdaq: SLMT), struck the deal during what it called “the worst liquidation event in […]

blockonomi.com Telegram Founder Pavel Durov Slams France for EU Chat-Control Push

TLDR: Pavel Durov says France led an EU push to make apps scan private chats, calling it a threat to user privacy. Telegram notified French users after a near-ban on encrypted messaging was halted by Germany’s late opposition. The proposed Chat Control law aimed to combat crime but exempted government communications from scanning. Durov claims [...] The post Telegram Founder Pavel Durov Slams France for EU Chat-Control Push appeared first on Blockonomi.