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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

Here are the Top Potential Crypto Airdrops to Watch Right Now


Airdrops have become a popular way for those involved in digital currencies to receive extra tokens, essentially free money, just for being part of a cryptocurrency community. They work by distributing new tokens directly into the wallets of active participants as a reward or promotional boost...

All MetaMask Users Will Now Receive Security Alerts + More Crypto News


Crypto news today: MetaMask and Blockaid enabled 100% of global users to automatically receive alerts about malicious transactions, ELOOP is building a machine RWA tokenization platform on peaq, and ZKX launches its Pro Trade on Starknet for experienced traders. The post All MetaMask Users Will...

Breez Wallet Shows Offline Lightning Network Payments Solution


Breez Wallet, a Lightning Network (LN) focused wallet, has shown an implementation that allows users to receive LN payments without being online. The service, which will be included in an upcoming non-custodial wallet app, leverages the wallets’ own SDK using mobile notifications to receive...

Crypto Lender Abra Settles Lawsuit, Will Reopen Customer Withdrawals


Crypto lender Abra has reached a tentative settlement with the Texas State Securities Board. According to a document published January 22nd, Abra has agreed to reimburse the assets invested by the state’s residents. The document highlights that Abra has begun winding down its U.S. retail...

Mt. Gox Confirms Users Bitcoin Account Ownership, Repayments to Continue


Mt. Gox is expected to continue repaying creditors throughout 2024. This was revealed through emails showing the defunct exchange confirming user Bitcoin accounts ahead of the next repayment phase. According to users’ Reddit posts on Jan 22, the exchange informed affected parties that...

Bitcoin ETFs Gain Momentum in Asia Post U.S. Approval


As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products. BitGo’s APAC Director Abel Seow told Cryptonews that they are witnessing an increased interest...

Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends


Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...

WalletConnect Launches Subscription-Based Web3Inbox Service Covering 10 dApps


Source: AdobeStock Web3 blockchain wallet developer WalletConnect has announced the launch of its subscription-based notification service called Web3Inbox. According to a January 16 blog post, the service is designed to offer customers custom notification services without relying on Web2 messaging...

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