In the past 24 hours, the broader cryptocurrency market has displayed a significant comeback, surging by an additional 2%. The total market capitalization has now surpassed the $1.4 trillion mark, indicating that the crypto sector continues to exhibit substantial strength. This bullish trend persists despite recent statements from Federal Reserve
After a judge in Delaware bankruptcy court accepted Celsius Network’s customer payback plan on Thursday, the defunct crypto lending firm is on pace to emerge from bankruptcy. The proposal, filed with the bankruptcy court on October 2, proposed allocating $450 million to start up a new company. Dubbed NewCo, it will
The price of Ethereum has recently surged, surpassing $2,000, after BlackRock’s filing for a Spot Ethereum ETF with the Delaware Department of State. Moreover, Dune Analytics found that as demand for network block space has risen, the transaction costs on Ethereum have climbed dramatically. During the last day, the cost
For the first time in two years, the regulated Chicago Mercantile market (CME) surpassed Binance as the largest bitcoin (BTC) futures market on Thursday. According to CoinGlass statistics, CME has a higher market share than any other futures and perpetual futures exchange at 24.7%, with an open interest (OI) of
BlackRock Inc., a trillion dollar asset manager, has once again prompted widespread market optimism with a filing that may be a prelude to the company’s first Ethereum spot Exchange Traded Fund (ETF) product’s formal application to debut. The newest filing, known as the iShares Ethereum Trust, was submitted to the
Bitwala, previously known as Nuri, is relaunching as a cryptocurrency banking platform in Europe after having shut down and returned client assets in 2022. On November 8th, Bitwala and the banking services provider Striga announced that they will be resuming business activities under the Bitwala brand. Moreover, Bitwala CEO Dennis
Defunct crypto exchange FTX has submitted a petition to the Delaware bankruptcy court for the liquidation of trust assets held by Grayscale and Bitwise estimated to be worth $744 million. Statements from FTX and its debtors indicate that they expect this approach to facilitate preparation for payments to creditors in
DELAWARE CITY, Del.–(BUSINESS WIRE)–Harmony Games, a visionary game development studio with a unique approach to the mobile puzzle gaming market, is thrilled to announce the successful closure of its seed round funding, raising an impressive $3 million. The round was led by Griffin Gaming Partners, one of the industry’s most
The Swiss firm ConsenSys AG, which focuses on Ethereum infrastructure development, has had 27 of its former employees sue the company’s founder and CEO, Joseph Lubin, in a New York court. Lubin, one of Ethereum’s co-founders, allegedly as per the claims failed to fulfill his promise to give them shares
After a serious cyberattack, FTX has finally fixed its claims site. Kroll, FTX’s third-party agency managing creditor claims, was the planned victim. However, FTX responded quickly, freezing impacted user accounts as a preventative action to guarantee the safety of its customers. Interestingly, a technique known as “SIM swapping” was the
