QuadrigaCX Judge Approves $1.6 Million in Expenses for EY, Law Firms

A Canadian judge approved more than $1.6 million in fees for firms that are seeking to recover funds from the now-defunct Canadian crypto exchange QuadrigaCX. Nova Scotia Supreme Court Judge Darlene Jamieson ruled Wednesday that all activities undertaken and fees incurred by Ernst & Young (EY), Stikeman Elliot (EY’s legal counsel), Kirkland & Ellis (EY’s American legal counsel), Miller Thomson (representative counsel) and Cox & Palmer (representative counsel) under the ongoing Companies’ Creditors Arrangement Act (CCAA) proceeding on behalf of Quadriga would be approved. “There being no expressed opposition to the…

Chinese Miner Manufacturer Canaan Files IPO With $200 Million Goal

This article was originally published by 8btc and written by Lylian Teng. Canaan Creative, one of the world’s largest bitcoin mining machine manufacturers, has filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), people with knowledge of the matter disclosed. According to the source, the AvalonMiner manufacturer has secretly filed its application with the SEC and reportedly aims to raise $200 million. It makes Canaan the first of China’s “big three” mining machine giants to move forward with a U.S. IPO application.…

CFTC: LedgerX ‘Not Approved’ to Launch ‘Physical’ Bitcoin Futures

UPDATE 13:40 UTC: In a statement received by CoinDesk Thursday, the U.S. Commodity Futures Trading Commission (CFTC) says LedgerX has “not yet been approved by the Commission” to offer physically settled bitcoin futures, contradicting the company’s claims. Since the CFTC’s statement, LedgerX officials have acknowledged that the previously announced futures did not launch. More details can be found here. The Takeaway Bitcoin derivatives provider LedgerX announced it has launched the first physically-settled bitcoin futures contracts in the U.S. Wednesday. The contracts, which pay traders out in bitcoin, rather than U.S. dollars,…