Celsius Network LLC and its affiliated debtors in bankruptcy court have filed a motion seeking approval of a settlement agreement with Core Scientific Operating Company related to litigation between the two companies. In a declaration filed supporting the motion, Celsius’ interim Chief Executive Officer, Chief Restructuring Officer, and Chief Financial Officer, Christopher Ferraro, stated that The post Celsius seeks final approval for $45 million Core Scientific Bitcoin mining site appeared first on CryptoSlate.

In the ongoing lawsuit brought by the Securities and Exchange Commission (SEC), Binance was granted an extension to respond to court orders on Sept. 26. The SEC filed suit in August against cryptocurrency exchange Binance Holdings Limited and its founder, Changpeng Zhao, along with two U.S.-based Binance entities, BAM Trading Services Inc. and BAM Management The post Binance gets court-approved extension in SEC lawsuit response appeared first on CryptoSlate.

As the decentralization of finance continues to steer the course of modern financial systems, the interplay between traditional bank savings and web-based liquid staking is something most may not fully comprehend. Let’s break the topic down using the ‘Explain Like I’m 5’ (ELI5) concept. ELI5: Liquid Staking in Web3 Imagine you’re at an arcade. You The post ELI5:50 – Web3 liquid staking versus traditional bank savings explained appeared first on CryptoSlate.

Ben Armstrong, founder of the popular cryptocurrency YouTube channel BitBoy Crypto, was arrested during a bizarre livestream rant outside a private residence on Saturday. The rambling, one-sided conversation appeared to show Armstrong accosting someone named Carlos Diaz, whom he accused of stealing his Lamborghini and making death threats against him. Armstrong cited various unsubstantiated claims The post Bitboy’s Ben Armstrong had gun ‘on the back seat’ while arrested ranting on livestream appeared first on CryptoSlate.

According to a recent court filing, the defense team for FTX founder Sam Bankman-Fried has renewed their request for his temporary release during the upcoming trial, citing difficulties preparing an adequate defense under current restrictions. As the letter to Judge Kaplan explained, Bankman-Fried’s knowledge and participation are indispensable in reviewing the thousands of pages of The post SBF lawyers again plead for temporary release during trial with less than 1 week to go appeared first on CryptoSlate.