The United States Trustee in the Celsius bankruptcy case has raised objections against claims made by several parties asserting their “substantial contributions” to the bankruptcy proceedings of Celsius Network and its affiliates. Celsius Network’s bankruptcy journey began in July 2022, when it filed for Chapter 11 protection, a move later followed by its affiliates. A The post US Trustee challenges $5 million claims by parties in Celsius bankruptcy case appeared first on CryptoSlate.

In a significant development for the cryptocurrency exchange-traded fund (ETF) market, ARK 21Shares Bitcoin ETF has amended its language, transitioning from providing direct exposure to Bitcoin to stating it is offering investors indirect access. This pivot, detailed in the latest S-1 amendment, marks a potentially confusing development in the evolution of spot crypto ETFs. Per The post Ark Invest Bitcoin ETF will ‘not provide investors with direct exposure to spot bitcoin’ appeared first on CryptoSlate.

Judge Lewis A. Kaplan of the United States District Court, Southern District of New York, has granted a request for an extension for filing post-trial motions in the case against Sam Bankman-Fried, according to a court order dated Nov. 18. The granted extension, as requested by Bankman-Fried’s legal representation from Cohen & Gresser LLP, sets The post SBF granted post-trial extension indicating potential appeal strategy or reduced sentencing appeared first on CryptoSlate.

The removal of Altman and the appointment of Emmett Shear signals a pivotal moment in the organization’s strategic journey, especially in light of OpenAI’s company structure and its pursuit of Artificial General Intelligence (AGI). Notably, Microsoft’s stock saw an uptick of 4% in pre-market trading, reflecting the market’s response to the news of Altman and The post AGI is excluded from IP licenses with Microsoft should it be attained at OpenAI appeared first on CryptoSlate.

The International Organization of Securities Commissions (IOSCO) has released the final report of its 18 policy recommendations for digital assets designed to bring uniformity and robust oversight. IOSCO is a global cooperative of securities regulatory agencies that aims to maintain fair and efficient markets. It was established in 1983, and its membership regulates more than The post Global securities regulators push for worldwide digital asset oversight with 18 new policy recommendations appeared first on CryptoSlate.