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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.

blockonomi.com Powell’s Quiet Shift Could Light the Fuse for the Next Altseason: Here’s How

TLDR: Powell hinted at ending balance sheet contraction, a historic trigger for an altseason since 2017. Liquidity may soon return to markets as the Fed nears the end of its tightening phase, lifting crypto sentiment. The Fed chair’s steady tone reassured investors that no further tightening is expected for now. Analysts believe Powell’s remarks could [...] The post Powell’s Quiet Shift Could Light the Fuse for the Next Altseason: Here’s How appeared first on Blockonomi.

news.bitcoin.com Bitcoin Tumbles as US-China Tensions Rise Again

The world’s two largest economies continue to tussle over key industries related to defense and national security. U.S.-China Tensions Trigger Mid-Morning Bitcoin Slump Washington and Beijing were at it again on Tuesday morning as China moved to sanction five U.S. subsidiaries of Hanwha Ocean, a South Korean ship manufacturer with alleged links to the U.S. […]