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.
CryptoSlate Top Stories
BlockFi confirms move to allow BlockFi Wallet users access to funds
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.
Greenidge signs $74 million debt restructuring deal as bankruptcy fears emerge
Bitcoin (BTC) miner Greenidge Generation has entered into a $74 million debt restructuring agreement with crypto lender NYDIG, according to a Dec. 20 SEC filing.
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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