FTX’s $1.2B repayments mark key moment in crypto industry recovery
FTX is set to repay $1.2 billion to creditors on Feb. 18, marking a key step in the exchange’s bankruptcy proceedings.
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‘Everything’s on sale’: Reddit founder, Galaxy and Genesis execs raise big money
776’s fund is called “Kryptos” and is set to capitalize on the current bear market when it launches in October. 367 Total views 25 Total shares Reddit co-founder Alexis Ohanian’s venture capital (VC) firm Seven Seven Six (776) is looking to raise a crypto investment fund worth $177.6 million, while current and former executives from…
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NYDIG partners with Houston Rockets basketball franchise, plans to pay team in BTC
The deal seems to be part of a larger move for Rockets owner Tilman Fertitta, who is also the chairman and CEO of a restaurant group that recently launched a Bitcoin rewards program. 375 Total views 3 Total shares The New York Digital Investment Group will be paying the National Basketball Association’s Houston Rockets franchise…
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Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol
Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product.On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour Haridy…
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Toncoin hits $13.96B market cap amid Durov debacle
Toncoin reached a significant milestone with 1.1 million daily users, but its market experienced turbulence following the arrest of Telegram CEO Pavel Durov.
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Malta: Financial Regulator Approves First 14 Crypto Assets Agents
The Malta Financial Services Authority (MFSA) has approved its first 14 crypto assets agents that previously sought for a license, according to an official statement published today, April 2.The approval comes five months after the Virtual Financial Assets Act (VFA), adopted by Maltese government last year, came into power. According to local newspaper the Times…
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‘Blockland’ book review: Part gonzo, part Bitcoin-thriller, 100% recommended
The first hint that Blockland - 21 Stories of Bitcoin, Blockchain and Cryptocurrency is perhaps not quite the same as the average book on the subject of crypto is splashed bold, right across its cover.Eschewing the usual staid design cues, it instead features Trevor Jones' artwork, “The Ecstasy (Bitcoin Angel).” The religious iconography of the…
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Bitcoin Price Now in ‘Early Phase’ of the Next Bull Cycle, Analysts Say
Bitcoin (BTC) price was testing support at $10,500 on Sept. 4 after its latest move upwards began to stabilize.Market visualization. Source: Coin360Bitcoin primed for fresh bull marketData from Coin360 showed BTC/USD coming off local highs around $10,750 to float around $10,520 on Wednesday, still up almost 10% versus the start of the week. Markets reacted warmly…
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UAE free zone teams up with HBAR Foundation to support Web3 startups
The collaboration will give startups access to a grant program and support in areas such as technology, marketing and business development. RAK Digital Assets Oasis (RAK DAO), a free zone in the United Arab Emirates (UAE) dedicated to crypto companies, has signed a memorandum of understanding (MOU) with the HBAR Foundation to support its ecosystem…