After careful consideration of the FTX reorganization plan, the beleaguered cryptocurrency exchange will eventually distribute $6 billion to users. Notably, the beneficiaries are entities that were affected when the firm imploded in 2022. The reorganization plan was presented earlier to get the opinion of an ad hoc committee, which have now favored it. Unexpected Support…

The first US HBAR Trust went live recently, sparking discussions over a potential Hederal ETF launch. The launch of the Bitcoin and Ethereum Spot ETF in the US has fueled discussions over which altcoins will be there in line to witness an ETF launch in the same market. For instance, discussions are soaring over a…

Binance cryptocurrency exchange has announced the implementation of a new feature aimed at enhancing user transparency and security. Effective from October 1, 2024, the platform will introduce a risk warning banner and a pop-up notification for tokens that have experienced significant changes to their tokenomics and supply in the past 18 months. Binance Enhances Transparency…

As 2024 crosses to its last quarter, a potential major bull run is highly expected by the cryptocurrency community. Investors are actively looking for cryptos that are promising high returns. Solana (SOL), Rexas Finance (RXS), and Dogecoin (DOGE), stand out as potential lucrative investments. Each of these tokens has unique qualities and positions in the…

Ripple has obtained in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its blockchain-based payment services in the United Arab Emirates (UAE). This approval allows Ripple to operate from the Dubai International Financial Centre (DIFC), significantly boosting its presence as a regulated entity within the Middle East. Ripple Gains Ground in UAE with…

XRP News: XRP price today sparked bearish market sentiments across the crypto landscape, tanking nearly 5% against the backdrop of Ripple’s 1 billion token unlock. On-chain data indicates that the American blockchain payments firm unlocked a whopping 1 billion coins from escrow, raising concerns among market watchers despite the native token being on a price…

On Tuesday, Asia’s MicroStrategy Metaplanet announced the purchase of 107 Bitcoins to its kitty just as the crypto market kickstarts Q4 on an optimistic note with investors eyeing a Bitcoin Uptober rally. Over the past few months, the Japanese-listed firm has been consistently buying Bitcoins by adopting MicroStrategy’s playbook to add BTC to the balance…

Binance Kazakhstan has received a full Digital Asset Trading Facility (DATF) license from Astana Financial Services Authority (AFSA). This approval will enable the platform to work as a trading facility for digital assets, a broker-dealer, and provide digital assets custody services in Kazakhstan. Binance Secures Full Digital Asset Trading License According to a blog post…

In the last a few months, the UK has seen an attack of a major crypto hack which affected more than 250 people and the hackers stole $650,000. The scheme used fake Bybit demo accounts to entice the unwitting into the scam and offer them easy money. The fraudster, who became known as “Ape 31,”…

A panel from the Ninth Circuit Court of Appeals has reinstated a key claim in the lawsuit brought by cryptocurrency investor Michael Terpin against AT&T. Terpin claims that AT&T permitted hackers to take over his phone, which resulted in the loss of $24 million in cryptocurrency. This decision reinstates a part of the lawsuit which…