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Polygon exec: Tokenized funds set to disrupt stable coin market


With the proliferation of Blockchain technology among major financial institutions around the globe, token financial products may mark the return of the vintage financial scene. This trend may disrupt and pose a challenge to the long-standing dominance of stablecoins in this domain. According...

MtGox set to distribute $500 million in assets to creditors by October 2024


MtGox is on the way to deliver 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), along with 69 billion yen, to creditors by October 31, 2024.  For some time now, the company has put investors in an absolute quandary regarding its actual status. The company was officially established in 2010...

Bitcoin Technical Analysis: Bulls Set Sights on a Glimmer of Recovery


As of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156....

Donald Trump Set To Dine With NFT Buyers At Mar-a-Lago: Report


Republican presidential frontrunner Donald Trump is scheduled to dine with purchasers of his Trump “Mugshot Edition” NFTs Wednesday at his Mar-a-Lago estate, Axios has reported. News of the dinner comes as the former U.S. president faces 34 counts of falsifying businesses charges in relation to...

Grayscale Withdraws Ether Futures ETF Application Before SEC Decision


Grayscale Investments withdrew its application for an Ether futures exchange-traded fund (ETF) just three weeks before the US SEC was set to rule on several spot ETH ETFs. The post Grayscale Withdraws Ether Futures ETF Application Before SEC Decision appeared first on Cryptonews

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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