BlockFi Wallet may reopen; Vitalik calls XRP centralized; Judge state Craig Wright is ‘dishonest’: CryptoSlate Wrapped Daily
, 2022-12-20 15:30:00,
The biggest news in the cryptoverse for Dec. 15 includes BlockFi, Viltalik, XRP, Greenridge, Ukraine war and more in this CryptoSlate Wrapped Daily.
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BlockFi released a statement on Dec. 20 confirming a motion filed in relation to BlockFi wallet users accessing funds.
The company is most well known for its yield-bearing service, BlockFi Interest Accounts; however, a core product within the BlockFi ecosystem was a custodial crypto wallet. The wallet was not subject to lending services; thus, BlockFi argued that ” it is our belief that clients unambiguously own these assets.”
A date for the hearing is set for Jan. 9 for U.S. customers and Jan. 13 for international customers.
Further information can be found on the BlockFi blog.
The restructuring — which is expected to improve Greenidge’s future liquidity and balance sheet — is based on a non-binding term sheet that was entered into on Dec. 19.
In exchange for a substantial number of its miners, transfer credits and coupons that have accrued to Greenidge under its non-fixed price purchase contracts with Bitmain Technologies.
The filing also noted that the Greenidge board of directors was also…
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