FTX Liquidates Over $500 Million in Crypto, Reveals Billion-Dollar Payout to Creditors – Coinpedia Fintech News

FTX sold $240 million in crypto this month, bringing their total to $500 million, potentially impacting market dynamics. FTX proposes returning billions to customers and creditors, but unanswered questions persist. Despite uncertainties, key stakeholders back the broad outlines of FTX’s comeback attempt. In a game-changing move, FTX Trading Ltd., the crypto exchange caught up in bankruptcy proceedings, has just liquidated […]

Read more

NFT Trader’s stolen Apes returned after bounty payment

All Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) stolen from the peer-to-peer trading platform NFT Trader have been returned after a bounty payment.  NFTs worth nearly $3 million were stolen in the hack on Dec. 16. As per public messages, the attacker attributed the original exploit to another user. “I came here to […]

Read more

Palau advances CBDC with Ripple in phase 2 of PSC program launch

The Ministry of Finance of Palau officially launched the second phase of its Palau Stablecoin (PSC) program. Jay Hunter Anson, a cybersecurity consultant in Palau and adviser to the Ministry of Finance, confirmed the program’s second phase launch on Dec. 15 in a post on X (formerly Twitter). Anson said that Palau aims to extend its partnership with Ripple in […]

Read more

From $50M to $438M: Cardano's 880% Growth Speaks Volumes in 2023

Cardano (ADA) has been riding a wave of unprecedented growth, catapulting its total value locked (TVL) from a humble $50 million to an impressive $438 million in 2023, as per DeFillama data. This major rally of 880% over the year speaks volumes about Cardano’s ascending presence and significance within the decentralised finance (DeFi) realm. At the heart of this astounding […]

Read more

Tether responds to US lawmakers’ calls for DOJ action

Tether, the company behind the stablecoin Tether (USDT), disclosed letters directed to U.S. legislators, addressing requests for intervention by the Department of Justice in relation to the illicit use of its stablecoin. The communications were sent to members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee on Nov. 16 and […]

Read more

Coinbase Files Legal Action Against SEC for Crypto Regulation Oversight – Coinpedia Fintech News

Coinbase, the largest U.S.-based cryptocurrency exchange, is set to confront the U.S. Securities and Exchange Commission (SEC) in court. This legal battle represents a critical moment in the ongoing discourse around cryptocurrency regulation in the United States. Coinbase Seeks Judicial Intervention Coinbase’s Chief Legal Officer, Paul Grewal, has announced the company’s intention to approach the Third Circuit court following the […]

Read more
1 2 3 4 1,179