Bitcoin News Today TheBitTimes.com

Twitter has recently obtained money transmitter licenses in Michigan, Missouri, and New Hampshire, as confirmed by Nationwide Multistate Licensing System database records. The approved licenses, granted between June 29 and July 3, 2023, demonstrate Twitter’s commitment to meeting the regulatory requirements of these states. The social media platform intends to expand into the realm of payment services. While the licenses in Michigan and New Hampshire are called “Money Transmitter Licenses,” the one in Missouri is called a “Sale of Checks and Money Transmitter License.” However, this naming distinction results from state-specific terminologies rather than reflecting different planned services. NEWS: Twitter has finally secured its first money transmitter licenses in several US states. pic.twitter.com/gziiRgelYU — T(w)itter Daily News  (@TitterDaily) July 5, 2023 By acquiring money transmitter licenses, Twitter gains authorization to provide tra...

BlockFi said selling its cryptocurrency lending platform might not generate value for creditors. Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s latest restructuring plan. On May 12, BlockFi outlined its Chapter 11 plan of reorganization in a filing with the United States Bankruptcy Court in Trenton, New Jersey. The firm said that selling BlockFi might not generate enough value for creditors as it owes nearly $1.3 billion to its top 50 creditors . In response, BlockFi creditors submitted another court filing on May 15, arguing that BlockFi deliberately took measures to delay the trial. Represented by the law firm Brown Rudnick, BlockFi creditors wrote that BlockFi sold about $240 million worth of crypto before filing for bankruptcy in late November 2022. The creditors emphasized that the crypto lender sold the assets “at the nadir,” referring to a massive market slump following the collapse of F...