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FTX Estate’s Settlement Proposal with a Probable 90% Asset Return Breakthrough: FTX Estate Outlines a 90% Asset Recovery in its Settlement Blueprint In an unprecedented move, the defunct cryptocurrency exchange, FTX, has put forward a layout for a settlement plan. This pivotal move comes as an attempt to straighten out disagreements over the lost customerContinue reading “Anticipated 90% Asset Return as FTX Estate Outlines Effective Recovery Plan”

An Updated Bitcoin ETF Application from Fidelity Notable asset managing company, Fidelity, has proposed a revised plan for a Bitcoin spot exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The firm aims to meet regulatory requirements in hopes to secure approval in the ongoing suit for an investment product. Fidelity has beenContinue reading “Fidelity Updates Application for Spot Bitcoin ETF: Latest Update”

Recently, Binance US, a renowned cryptocurrency platform, took a step towards discontinuing the withdrawal of funds in U.S. dollar by its users, mandating the use of alternate methods such as stablecoins or different cryptocurrencies for subsequent withdrawal. Redefining Withdrawal Procedures at Binance US Associated with leading crypto exchange Binance, the U.S. branch known as BinanceContinue reading “Binance US Temporarily Halts US Dollar Withdrawals”

European Securities and Markets Authority’s Take on Crypto-Asset Regulation Recently, the European Securities and Markets Authority (ESMA) made it clear about their plan to implement the Markets in Crypto-Assets Regulation (MiCA). With this new regulation set to shape the landscape of the cryptocurrency sector, ESMA has issued several warnings that those immersed in digital currencyContinue reading “European Regulator Unveils MiCA Timeline: Advises Cryptocurrency Assets Are Not Risk-Free”

Advancement of the Digital Euro Initiative After two years of detailed study and groundwork, the European Central Bank (ECB) is making strides towards launching a digital version of the euro. It has now made progress to the “preparation stage” of releasing the digital euro, according to their latest announcements. Following the completion of ECB’s in-depthContinue reading “Digital Euro Progresses to Preparation Phase: ECB Highlights Priority for Data Protection”

Understanding Vitalik Buterin’s Position on His ETH Holdings Renowned Ethereum co-founder Vitalik Buterin recently quashed speculation about him disposing his cryptocurrency holdings. He confidently affirmed that he had not sold any of his Ether (ETH) holdings for personal profit since the year 2018. Contrary to received reports of him transferring significant digital assets, Buterin disclosedContinue reading “Vitalik Buterin Admits Not Selling ETH for Personal Profit Since 2018”

Spot Bitcoin ETF Approval Anticipated in 2023 by Galaxy Digital CEO, Mike Novogratz Galaxy Digital CEO, Mike Novogratz, anticipates a spot exchange-traded fund (ETF) for Bitcoin gaining approval in 2023: “It’s likely to happen this year”, he voiced on Wednesday. Mike Novogratz’s Revised Prediction Galaxy Digital’s chief executive officer, Mike Novogratz, has revised his previousContinue reading “Galaxy Digital’s CEO Mike Novogratz Predicts Bitcoin Spot ETF Approval by 2023”

Consolidation in Cryptocurrency World: Memetic Coins SHIB and DOGE Experience Dip Wednesday saw memetic coins experiencing considerable downswing to the tune of a 2% decrease, likely propelled by profit realization post an upward wave at the week’s start. At the time of documenting, Shiba Inu (SHIB) and Dogecoin (DOGE) are navigating a bearish market. FallContinue reading “Top Shakers: SHIB, DOGE Dip Amid Crypto Market Consolidation”

A Prelude to the Community Points Project Discontinuation Reddit, a celebrated online discussion forum, sprung an unexpected decision that has left its community in a whirlpool of emotions. They declared the end of their Community Points project, a blockchain-based feature that allowed Redditors to earn and trade unique cryptocurrency tokens. Immediately following the announcement, twoContinue reading “Reddit’s Community Points Take a Hit as Crypto Tokens MOON and BRICK Spiral Downwards”