“But when you dollarize – regardless of what digital asset it is, what form of asset it is – as of the petition date, that is essentially giving the debtors the power to liquidate whatever’s on the exchange and say, ‘This is what you get at the bottom of the market’,” Broderick said. “So it’s an important distinction, not just with respect to priorities and distribution timing, but it’s really important from a valuation standpoint.”
By Anushree Dave Custodia's failure will be a disappointment to the crypto industry, expert says The Federal Reserve Board on Friday rejected a Wyoming-based crypto-centric bank's application to...
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There was a substantial surge in the market capitalization of cryptocurrencies recently, reaching nearly $3 trillion in 2021 but collapsing to under $1 trillion by the end of...
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Four senior officials in U.S. President Joe Biden’s administration called for Congress to “step up its efforts” in regulating the cryptocurrency market in an announcement published on Friday.See...
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