The United States Bankruptcy Court for the Southern District of New York approved the implementation of the “MiningCo Transaction” for Celsius and its affiliated debtors as part of the Chapter 11 bankruptcy proceedings on Dec. 27. This order, enacted by Chief Judge Martin Glenn, marks a critical juncture in the restructuring efforts of Celsius as The post Court grants final approval for $225M Celsius mining company, steers clear of securities ruling appeared first on CryptoSlate.

Yesterday’s stock market, Dec. 27, reflected a surge in investor interest in Bitcoin-related stocks ahead of potential ETF approvals. Bitcoin mining companies’ stocks soared, outstripping the cryptocurrency’s gains amidst anticipating an imminent spot Bitcoin ETF approval. Marathon (MARA) led the charge as trading volumes swelled, surpassing even Tesla’s activity on the trading floor. Per Yahoo The post Bitcoin mining stocks account for 25% of shares traded for top large caps, outperforming BTC into new year appeared first on CryptoSlate.

In the brisk wind of technological advancement, where the sails of Bitcoin billow with the promise of new highs and institutional adoption, lies a sea fraught with hidden icebergs – the complexities and vulnerabilities of web3, along with the underlying arrogance that we are always better than web2. As I am about to sign off The post We need to do better. Web3 has to realize its promises in 2024. appeared first on CryptoSlate.

The recent amendment to the S-1 form for the iShares Bitcoin Trust introduces six substantial changes in the management and operational structure concerning its Bitcoin and cash holdings. BlackRock’s last update introduced 21 core amendments; however, the Dec. 18 filing exhibits substantially fewer, potentially indicating final refinements before launch. The notable changes in the most The post BlackRock alters role of Coinbase among 6 changes to ETF filing to cover regulatory concerns appeared first on CryptoSlate.

Crypto leaders have collectively raised $78 million for super PACs, focusing on increasing the presence of crypto-friendly lawmakers in Washington, Axios reports. Further, according to a statement from Fairshake, the following entities have shown support for Fairshake: Andreessen Horowitz, Ark, Brian Armstrong, Blockchain Capital, Wences Casares, Circle, Coinbase, Ron Conway, Cumberland, Framework Ventures, Hunter Horsley, The post Crypto heavyweights invest $78 million in US PACs aiming for regulation-friendly legislators appeared first on CryptoSlate.