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DeFi project Hydration will receive $14.4M from Polkadot Treasury


Polkadot Treasury has allocated 2 million DOT tokens. They were worth approximately $14.4 million. The DeFi project Hydration has benefited from the allocation, which aims to improve liquidity and efficiency. Omnipool is a liquidity provisioning platform that operates on a single-sided basis....

Report Reveals Chinese Workers Converting Earned CBDC To Cash


Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money. The post Report Reveals Chinese...

Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows


FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of...

FTX Creditors Set for Cash Windfall Beyond 100% of Claims


A new reorganization plan filed Tuesday night proposes that nearly all FTX account holders will be repaid in full for their claims. They may even receive additional cash on top of that amount. The post FTX Creditors Set for Cash Windfall Beyond 100% of Claims appeared first on Cryptonews

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