In a big moment for the crypto space, a U.S. judge approved a unique bankruptcy plan for FTX, once the third-largest crypto exchange by volume. This decision ended a rough period that began when FTX collapsed in November 2022. A liquidity crisis revealed an $8 billion shortfall. The plan will repay $16 billion to creditors. …
Judge Approves FTX Cash Repayment Plan for Crypto Customers Read More »
In a notable turn of events, Stani Kulechov, the founder of Aave, has sold $6.6 million worth of AAVE tokens. This sale comes amid a 66% price surge over the past 30 days, pushing the token’s value to an average of $133.51. The move has sparked intense speculation within the crypto space, with many wondering …
In a significant event for the blockchain community, The Open Network (TON) blockchain temporarily halted operations this morning, resuming after over seven hours of downtime. The network, known for its speed and scalability, experienced a critical disruption due to an unprecedented network overload linked to the distribution of DOGS tokens. Impact on Exchanges and Recovery …
In response to a recent phishing alert, Realio Network, a blockchain platform focused on real-world asset tokenization, has issued a warning to its users. This alert, shared via X by @realio_network, flagged unusual login activities that indicate a potential security breach. The alert highlighted suspicious login attempts, prompting Realio Network to advise immediate action. Users …
Realio Network Urges Users to Secure Accounts After Phishing Alert Read More »
In a landmark ruling, Dubai’s Court of First Instance has officially recognized cryptocurrency as a valid form of salary payment, marking a significant shift in the UAE’s financial landscape. This decision, revealed on August 16, 2024, positions Dubai as a global leader in the adoption of digital currencies for everyday transactions. Case 1739 of 2024: …
Dubai Recognizes Crypto as Legal Form of Salary Payment Read More »
WazirX, the leading cryptocurrency exchange in India, has unveiled its strategy to address the $230 million loss incurred following a major hack on its platform. The WazirX plans, after weeks of deploying a bounty program to recover the stolen funds, has finally announced its approach to compensate affected users equitably. Socialized Loss Strategy WazirX plans …
Institutional optimism regarding Ethereum has surged with news of potential Ethereum Spot Exchange-Traded Funds (ETFs) on the horizon. Unlike retail investors, institutional investors are showing greater enthusiasm for the crypto asset. This heightened institutional optimism can be attributed to several factors. This includes higher trading volumes that signal a strong belief in Ethereum’s long-term potential. …
Institutional Optimism Surges with Ethereum Spot ETFs Read More »
The crypto market has been dropping over the past few months, but new indicators are showing that things are about to bounce back for Pepe coin. If you have any interest in Pepe coin or hold any Pepe coins, then you need to see this. So, what is the latest news that has recently come …
In a surprising turn of events, Germany Bitcoin holding has been significantly reduced, causing ripples throughout the market. The German government has sold off 90% of its Bitcoin reserves in recent weeks, leaving it with less than 5,000 BTC. This substantial sell-off has caught the attention of market analysts and crypto enthusiasts alike. The selling …
The US Senate is making a significant move towards integrating blockchain technology into national security. This decision aims to position America as a leader in blockchain, reflecting a shift in the Biden Administration’s stance on crypto, influenced by Trump’s campaign. The news comes as a big positive for Blockchain and Crypto enthusiasts who are surrounded …
