In a significant development for the beleaguered crypto exchange FTX, an agreement has been reached to settle its lawsuit against Bybit, along with its executives and the investment arm Mirana. The settlement, expected to yield around $228 million, marks an important step in the process of reimbursing creditors affected by FTX’s notorious collapse in late
Crypto
In a significant maneuver reflecting both confidence in cryptocurrency and a strategy to navigate financial challenges, Japan’s investment firm Metaplanet has ramped up its Bitcoin reserves. Recently, the firm acquired 156.7 BTC, pushing its total holdings to an impressive 1,018 BTC. This latest purchase, reported to cost approximately 1.6 billion yen (around $10.4 million), highlights
In recent days, Bitcoin has demonstrated a remarkable ability to rebound from dips, showcasing the volatility that has characterized the cryptocurrency market. After a noticeable decline over the weekend, Bitcoin’s price trajectory has reignited the interest of traders, pushing the digital asset beyond the $68,000 mark and teasing close proximity to $68,500 earlier in the
The past week has proven to be challenging for Bitcoin as it grapples with market fluctuations that have seen it stumble on the path to recovery. By the end of the week, Bitcoin, the flagship cryptocurrency, is anticipated to close with a minor loss of approximately 2%. This drop, although not drastic, reflects the broader
In a remarkable blend of art and technology, Tether, the leading stablecoin issuer, has collaborated with authorities in Lugano, Switzerland, to reveal a striking new statue dedicated to the enigmatic figure of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. This unveiling took place during the third annual forum of the Plan ₿ initiative, which aims
In recent months, Bitcoin has solidified its status as the heavyweight champion of the cryptocurrency arena, moving further away from its closest competitor, Ethereum. The difference in market capitalization has reached astonishing heights, with Bitcoin boasting over a trillion dollars more than Ethereum. This gap highlights not only Bitcoin’s resilience but also a significant shift
The GameFi market stands on the precipice of substantial expansion, with a remarkable projected annual growth rate of 68%, according to analytic insights by Nansen. This estimate paints an optimistic picture of the industry’s future, suggesting that by the year 2030, the GameFi sector could soar to an impressive valuation of $301.5 billion. Such figures
The cryptocurrency landscape has evolved dramatically over the last year, particularly with the introduction of spot Bitcoin Exchange-Traded Funds (ETFs). These financial products have sparked considerable enthusiasm among investors, leading to a significant increase in Bitcoin accumulation. An enlightening report from Binance Research highlights that in less than a year since their inception, these ETFs
In the rapidly evolving cryptocurrency market, the disparity between the investment habits of large and small players is becoming increasingly apparent. As Bitcoin continues its climb toward the $70,000 mark, large investors seem to be seizing the moment, while smaller retail investors lag behind. Recent analyses, including a report from CryptoQuant, highlight a troubling trend:
In a striking event that has captured the attention of the Australian financial community, Grant Colthup, the former CEO of ACCE Australia, faces serious legal ramifications following a fraud charge brought against him by the Australian Securities and Investments Commission (ASIC). Colthup’s courtroom appearance at the Ipswich Magistrates Court in Queensland marks a significant milestone
