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1 year, 5 months agoFTX Creditors Face Significant Losses Under Revised Reorganization Plan
FTX, a defunct crypto exchange, has filed an amended Chapter 11 reorganization plan that could result in significant losses for its creditors. The plan proposes valuing the creditors’ claims based on crypto p…
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1 year, 5 months agoAnticipated Approval of Bitcoin Spot ETF Sparks Excitement in Crypto Market
The anticipation is building in the crypto world as the SEC’s decision on a spot Bitcoin ETF draws closer. SEC chairman Gary Gensler recently hinted that the approval process is underway, fueling excitement among i…
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1 year, 5 months agoTether Strengthens Transparency and Trust with Cantor Fitzgerald Partnership
Cantor Fitzgerald, a prominent Wall Street firm, has been confirmed as the custodian of Tether’s reserves, strengthening confidence in the popular stablecoin. With a market capitalization exceeding $90 billion, T…
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1 year, 5 months agoPalau Launches Second Phase of Stablecoin Project with XRPL, Revolutionizing Financial Transactions and Accessibility
The Republic of Palau is making significant progress in its stablecoin project, with the launch of the second phase powered by Ripple’s XRPL technology. The Palau Stablecoin (PSC) pilot program aims to improve f…
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1 year, 5 months agoPalau Launches Second Phase of Palau Stablecoin Program, Expanding Partnership with Ripple
The Ministry of Finance in Palau has launched the second phase of the Palau Stablecoin (PSC) Program. This program aims to establish a digital currency pegged to the U.S. dollar at a 1:1 ratio. The PSC is stored in…
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1 year, 5 months agoSouth Korea Exempts NFTs and CBDCs from Crypto Interest Regulation
South Korea has exempted non-fungible tokens (NFTs) and central bank digital currencies (CBDCs) from the crypto interest mandate. The Financial Services Commission (FSC) has released a notification stating that…
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1 year, 5 months agoFTX Debtors' Revised Reorganization Plan Sparks Controversy Over Valuation of Cryptocurrency Claims
FTX Debtors have submitted a revamped Plan of Reorganization, which deviates from FTX Trading’s original Terms of Service (TOS). The revised plan, filed recently, follows an agreement with creditor stakeholders r…
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1 year, 5 months agoNational Bank Struggles with Weakening Capital Amidst Swiss Franc Appreciation
The Swiss National Bank (SNB) is facing new challenges as it struggles to combat the appreciation of the Swiss franc. Despite successfully taming inflation, SNB President Thomas Jordan now finds himself lacking the…
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1 year, 5 months agoTether Bolsters Efforts to Combat Illicit Crypto Activities Through Enhanced Collaboration with Law Enforcement
Tether, the stablecoin issuer, is intensifying its efforts to combat illicit crypto activities through enhanced collaboration with law enforcement agencies. The company has shared letters sent to members of the…
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1 year, 5 months agoTether Freezes $435M USDT for U.S. Authorities in Bid to Strengthen Dollar Dominance
Tether, the world’s largest stablecoin issuer, has reportedly frozen $435 million USDT (USD-pegged tokens) for the U.S. Department of Justice (DOJ), Federal Bureau of Investigation (FBI), and Secret Service. The C…
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1 year, 5 months agoMillions of Dollars Worth of NFTs Stolen in Security Breach on Peer-to-Peer Trading Platform
A peer-to-peer trading platform called NFT Trader recently experienced a security breach, resulting in the theft of millions of dollars worth of nonfungible tokens (NFTs). The incident was confirmed by NFT Trader…
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1 year, 5 months agoCardano Community Issues Warning About Crypto Scam Targeting ADA Holders
The Cardano community has been alerted to a crypto scam targeting ADA holders. The scam involves a malicious Berry Pool scam event, where members are lured with fake NFTs and promises of ADA token rewards. The…
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1 year, 5 months agoSEC Chair Accused of Gaslighting Public in Coinbase Legal Dispute
In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s lawyer, John Deaton, has accused the SEC’s top official, Gary Gensler, of ‘ga…
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1 year, 5 months agoIMF Chief Calls for Crypto Regulations to Safeguard Financial Stability
The head of the International Monetary Fund (IMF) has called for regulations on cryptocurrencies, citing the risks they pose to financial stability. Speaking at a conference in Seoul, IMF Managing Director…
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1 year, 5 months agoWarning: Multiple DApps Affected by Security Breach in Ledger Library
Ledger, a popular cryptocurrency hardware wallet provider, recently addressed a security vulnerability that affected multiple decentralized applications (DApps) on its platform. The vulnerability stemmed from a…
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1 year, 5 months agoRipple's Chief Legal Officer Predicts Resolution of SEC Lawsuit and Regulatory Deadlock in 2024
Ripple’s Chief Legal Officer, Stuart Alderoty, has provided insights into the future of the cryptocurrency landscape, specifically focusing on 2024. He discussed predictions regarding Ripple’s ongoing legal dis…
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1 year, 5 months agoCoinbase Challenges SEC's Denial of Digital Asset Regulations, Files Petition for Judicial Review
In a recent development in the ongoing dispute between Coinbase and the US Securities and Exchange Commission (SEC), the SEC has officially denied Coinbase’s request for new regulations regarding digital assets. I…
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1 year, 5 months agoGrayscale Evaluates Tax Implications of Spot Bitcoin ETF Amidst Inaccurate Reports
Grayscale, a prominent cryptocurrency investment firm, is currently assessing the potential tax implications surrounding spot Bitcoin exchange-traded funds (ETFs). This evaluation comes in response to inaccurate…
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1 year, 5 months agoDushyant Bhatia appointed as Head of Key Clients and Family Offices at LGT Private Banking in Dubai
LGT Private Banking has appointed Dushyant Bhatia as the head of key clients and family offices in Dubai. Bhatia, who previously worked as the managing director at Bank of Singapore (BoS) in Dubai for over eight…
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1 year, 5 months agoBlackRock Unveils AI Co-Pilot and Advances Bitcoin ETF Talks
BlackRock, a prominent investment management company, has made headlines this week with two major developments in the world of technology. Firstly, the company has unveiled its new AI tool, which is set to act as a…
