The customers of the bankrupt cryptocurrency exchanges FTX and FTX.US may soon have a glimmer of hope as an amended proposal aims to return a significant portion of their assets. This new plan, which will be submitted to a U.S. Bankruptcy Court for consideration by December 16, 2023, seeks to divide the missing customer assets
XRP, the cryptocurrency associated with Ripple, is currently attempting a fresh increase after finding support near the $0.4730 zone against the US Dollar. Despite this bullish move, the price is facing significant hurdles and may climb towards $0.5320 if it manages to overcome these obstacles. XRP has been struggling to gain momentum and break above
The cryptocurrency market has been witnessing a surge in on-chain moves, and one token that has recently gained significant attention is Refund token (REFUND). This stealth-launched token has experienced a staggering upward move of over 1,000%. This surge in price comes as no surprise considering the recent trend of explosive DEX-launched tokens, such as DEE,
Solana Foundation, the nonprofit organization responsible for the layer-1 blockchain Solana, has recently joined forces with the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The collaboration aims to leverage the Web3 value in Dubai and provide technical and business development support to the DMCC crypto community. The DMCC Crypto Centre, which houses a
South Korean cryptocurrency exchange UPbit has achieved yet another milestone with its Singapore subsidiary, UPbit Singapore, receiving in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This approval allows UPbit Singapore to offer regulated Digital Payment Token Services while waiting for full approval. The granting of this license
Bitcoin (BTC), the world’s leading cryptocurrency, has experienced a remarkable price surge, hitting $28,004. While various factors have contributed to this surge, it is essential to analyze the underlying reasons behind it. This article delves into the primary catalysts for Bitcoin’s surge and explores the potential implications for the future. Late on Friday night, the
The Australian federal government is taking steps to regulate the cryptocurrency industry by introducing new regulations that will require crypto exchanges to obtain a financial services license. This move comes as a response to the growing concerns regarding consumer protection and the need to establish minimum standards for the sector. Instead of regulating individual tokens
Ethereum and Bitcoin, the two most prominent cryptocurrencies, have shown different trends over the past year. While Bitcoin has outperformed Ethereum, historical patterns suggest that Ethereum may be on the verge of entering an accumulation phase. In this article, we will delve into the current state of Ethereum, analyze its price action against Bitcoin, and
California Governor Gavin Newsom has approved a groundbreaking cryptocurrency regulation bill that signals a shift in his perspective on the matter. The legislation, known as the Digital Financial Assets Law, aims to establish a stricter regulatory framework for crypto businesses operating in California. This new regulation will require individuals and businesses engaged in digital asset
In an exciting collaboration between the world of cryptocurrency and motorsport, Kraken, one of the leading cryptocurrency exchanges, has announced its partnership with the iconic Formula 1 team, Williams Racing. This groundbreaking alliance brings together two organizations renowned for their pioneering technology, with a shared vision for the future of finance and community engagement. As