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FTX is nearing completion of its court-approved repayment plan, two years after the exchange’s collapse due to corporate mismanagement and fraud.
A Nov. 21 press statement revealed that the FTX estate plans to start distributing approximately $16 billion to creditors by March 2025. The Chapter 11 reorganization is expected to take effect in January, with initial payments beginning 60 days later
Next month, claimants will finalize arrangements with specialized distribution agents, and the bankr
Immutable Announces Strategic Partnership With Altura
Immutable has announced a strategic partnership with Altura, a web3 infrastructure platform focused on the gaming industry.
According to an announcement, Immutable (IMX) and Altura will collaborate to introduce a new marketplace and solutions designed to enhance the player-driven economy in blockchain gaming.
The partnership will integrate Immutable’s Passport and Checkout infrastructure across gaming projects, extending these features to the Ethereum (ETH) gaming ecosystem.
Solana exchange-traded funds may arrive on Wall Street in 2025 as issuers privately disclosed dialogue with the SEC and President Donald Trump’s administration buoyed industry hopes.
Agency staff at the U.S. Securities and Exchange Commissions engaged exchange-traded fund issuers over filings for a spot Solana (SOL) ETF, per Fox Business. Two persons with insider knowledge reportedly said that national exchanges like the CBOE may even file 19b-4 forms on behalf of firms “in the coming days.”
Mastercard and J.P. Morgan Team Up for Better Blockchain Payments
Mastercard’s Multi-Token Network has integrated with J.P. Morgan’s Kinexys Digital Payments to improve the efficiency of business-to-business cross-border transactions.
This collaboration enables mutual customers to use a single application programming interface for seamless settlement, enhancing the speed and transparency of global business payments, according to a Mastercard press release.
The integration combines Mastercard’s blockchain-powered MTN platform with Kinexys, J.P. Morgan’s payme
Bitcoin’s $100,000 Dream: How Close Are We to Crypto’s Biggest Milestone?
As Bitcoin edges toward $100,000, is this just the start of a larger bull run, or will market volatility derail the momentum for both Bitcoin and altcoins?
Table of Contents
BTC shatters records again
How Bitcoin options are supercharging its surge
$100K BTC: Are we there yet?
Will altcoins steal the spotlight?
BTC shatters records again
Bitcoin (BTC) has been on a tear lately, smashing past milestones like they were minor speed bumps. As of Nov. 21, it’s trading at an eye-watering $97,00
Binance Announces Verified WhatsApp Channel for Real-time Crypto Updates
Binance, the world’s largest crypto exchange by trading volume, has officially launched a verified channel on social media platform WhatsApp.
The official channel, verified by Meta, will be Binance’s crypto hub on WhatsApp, according to an announcement. WhatsApp, a platform with a global user base of over 2 billion active users, is one of the most popular apps for smartphone users.
Binance said in its announcement that the move makes the crypto platform one of the first major industry players
Crypto Experts Explain Why XRP Price Could Surge Soon
XRP price has performed well so far this month, with crypto experts predicting that the rally could gain momentum soon.
Ripple (XRP) crossed the key resistance level at $1 this week as demand surged, marking a nearly 200% increase from its lowest level in June.
Crypto experts remain optimistic about XRP’s potential. In an X post, analyst XRP Queen, who has nearly 50,000 followers, suggested that XRP could experience its “biggest pump” if Gary Gensler resigns as the head of the Securities and E
Circle’s USDC to Launch on Aptos With Stripe Adding Support
Aptos Foundation announced that Circle’s USDC stablecoin and Cross-Chain Transfer Protocol will launch on the Aptos blockchain.
Along with this launch, Stripe is also adding support for Aptos (APT) in its crypto payment products, a move aimed at streamlining payments and boosting decentralized finance on the network, according to a press release shared with crypto.news.
USDC (USDC), a dollar-backed stablecoin regulated by Circle, has over $37 billion in circulation. Currently, $160 million in
AI Firm Genius Group Boosts Bitcoin Treasury With $14m Purchase
Genius Group’s shares were up 8.5% after the Singapore-based firm announced it had invested $14 million to expand its Bitcoin portfolio.
Artificial intelligence firm Genius Group announced in a Nov. 21 press release that it had added an additional $4 million to its Bitcoin (BTC) purchases, bringing its total holdings to 153 BTC in its crypto treasury.
The purchase follows Genius Group’s announcement on Nov. 12 of its commitment to a “Bitcoin-first” strategy, under which the firm intends to all
Custodia Bank Scales Back Amid Expectations of Crypto Policy Shifts: Report
Custodia Bank, a crypto-friendly Wyoming bank, said it plans to scale back its services as it prepares for policy reforms in the space.
Custodia Bank, a bank founded by Bitcoin advocate Caitlin Long, is scaling back its operations as it awaits anticipated policy changes that could create a more crypto-friendly regulatory environment, American Banker has learned.
According to a Nov. 21 report, the Cheyenne-based bank decided to reduce its activities to preserve capital “in anticipation of major
Floki Burn Rate Rises As Expert Predicts a 92% Surge
Floki price rallied to its highest level since June 8 after Coinbase, the largest crypto exchange in the United States, listed it and as the crypto bull run continued.
Floki (FLOKI), one of the top meme coins, surged to $0.00028, marking a 172% increase from its lowest level in August.
This rally occurred in a high-volume trading environment in both the futures and spot markets. Spot market volume reached $1.68 billion, a significant figure given Floki’s market cap of over $2.5 billion. Floki’
These 5 Altcoins Could Outshine SOL and XRP in the Coming Bull Run
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Rexas Finance stands out with its approach to tokenizing real-world assets, backed by a strong presale, Certik audit, and upcoming tier-1 exchange listings.
Pepe Coin price staged a recovery while bullish momentum signals potential gains ahead
Pepe (PEPE), the third-largest meme coin, has seen a significant recovery, rising to $0.000021 on Tuesday, its highest level since Nov. 18 and marking a 260% increase from last year’s low.
The surge coincides with Bitcoin (BTC) nearing the crucial $100,000 resistance level, driving a wave of fear of missing out among crypto investors as the fear and greed index climbs to 85.
Phishing Scams Exploit Japan’s Digital Currencies As Fraud Cases Rise: Report
Digital currencies issued by local governments in Japan are increasingly being exploited by phishing scams, with fraudsters taking advantage of reward programs.
A series of fraud cases has exposed vulnerabilities in digital currencies issued by Japanese municipalities, prompting calls for stronger security measures, the Japan Times has learned.
Police in Osaka recently arrested seven Vietnamese nationals accused of using stolen credit card information to fraudulently obtain “machikane points,”
Sui Network Blockchain Down for More Than Two Hours
The Sui Network is suspected to be down for more than two hours. The protocol has not produced any new transaction blocks since Nov. 21 UTC 9:15.
Data from the Sui Vision explorer shows that the protocol has not produced any new transactions since 9:15 am UTC | Source: Sui Vision
Based on the latest data from Sui Network’s explorer site Sui Vision, the decentralized layer-1 blockchain has stopped producing blocks for more than two hours.
At the time of writing, the last transaction block too