Crypto news
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Cryptocurrency
FTX Compensation Scheme Becomes Active Today, A Significant Step for Creditors
After an extensive and demanding journey following the dramatic downfall of FTX, a significant phase has commenced today with the initiation of repayments. A staggering total of $16 billion is set to be redistributed, marking a crucial milestone for creditors eagerly waiting to reclaim their assets. The FTX estate, responsible for managing the bankruptcy proceedings of the collapsed crypto exchange, had earlier announced in December its intention to begin repayments…
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Cryptocurrency
FTX Payment Scheme Officially Commences Today, A Significant Step for Creditors
After navigating through a lengthy and complex process following its dramatic downfall, the FTX estate is now set to initiate repayments, marking a significant milestone for creditors eager to reclaim their assets. The total amount to be redistributed stands at an impressive $16 billion. This development is a pivotal moment for those affected by the collapse of the once-prominent crypto exchange. Back in December, the FTX estate announced its intention…
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Cryptocurrency
Which Will Receive Approval First: Solana, XRP, Litecoin, or Hedera?
The cryptocurrency market is experiencing a significant surge as the competition for altcoin ETFs intensifies, particularly with the impending departure of Gary Gensler as SEC Chair on January 20, 2025. This pivotal change has put the spotlight on leading cryptocurrencies such as Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR). Investors and industry experts are keenly speculating on which altcoin will secure approval following the success of Bitcoin and Ethereum…
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Cryptocurrency
Which Will Receive Approval First: Solana, XRP, Litecoin, or Hedera?
The cryptocurrency market is currently in a state of rapid evolution, bolstered by the increasing demand for altcoin ETFs. This surge in interest coincides with the impending resignation of Gary Gensler as SEC Chair on January 20, 2025. As the market anticipates this transition, key players such as Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) are emerging as potential leaders in the race to secure ETF approvals. Who’s Next:…
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Cryptocurrency
Coinbase Purchases BUX Cyprus Division to Broaden European Footprint
Introduction In a significant step towards strengthening its presence in Europe, Coinbase, a prominent U.S.-listed cryptocurrency exchange, has successfully acquired the Cyprus unit of BUX, a company previously known as Stryk. This acquisition marks a pivotal milestone for Coinbase as it continues to extend its services and fortify its regulatory compliance across the European landscape. Rebranding to Coinbase Financial Services Europe Following the acquisition, the Cyprus entity has been rebranded…
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Cryptocurrency
Coinbase Expands European Reach by Acquiring BUX’s Cyprus Division
In a significant advancement for the cryptocurrency sphere, Coinbase, one of the leading U.S.-listed cryptocurrency exchanges, has successfully acquired the Cyprus division of BUX—a company formerly recognized as Stryk. The entity has now been rebranded to Coinbase Financial Services Europe, marking a pivotal expansion of Coinbase’s presence across Europe. This strategic move aligns with Coinbase’s continual efforts to enhance its offerings and regulatory compliance throughout the region. Coinbase Strengthens European…
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Cryptocurrency
What Effect Will Morgan Stanley’s Foray into Crypto Trading Have on Leading Exchanges?
In a groundbreaking move, Morgan Stanley, recognized as the world’s largest global asset manager, has demonstrated a strong interest in integrating cryptocurrency trading into its E-Trade platforms. This decision marks a significant shift in the traditional financial landscape, breaking down longstanding barriers to digital asset adoption. Emerging reports suggest that this strategic choice aligns with expectations of a more crypto-friendly regulatory environment under the leadership of the then-incoming US President,…
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Cryptocurrency
What Impact Will Morgan Stanley’s Move Into Crypto Trading Have on Leading Exchanges?
Morgan Stanley, a leading global asset manager, is making waves in the financial world by venturing into cryptocurrency trading on its E-Trade platforms. This strategic decision signifies a significant shift in the financial landscape, breaking down barriers that have long existed between traditional finance and the burgeoning crypto market. The initiative is reportedly aligned with expectations of a more crypto-friendly regulatory environment under the leadership of US President Donald Trump.…
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Cryptocurrency
Bitwise Forecasts Bitcoin Reaching $200K by 2025
The Rise of Bitcoin and Altcoins As we usher in the first week of 2025, the cryptocurrency market is showcasing a bullish trend, with most altcoins mirroring Bitcoin’s (BTC) mild rebound. On Friday, January 3, during the early European trading session, Bitcoin’s price surged past $96.5k. This significant upswing has sparked enthusiasm among crypto traders, with many anticipating a potential parabolic rally in the near future. Understanding the Market Sentiment…
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Cryptocurrency
Bitwise Forecasts Bitcoin Reaching $200K by 2025
The Bullish Start of 2025 for Cryptocurrencies The cryptocurrency industry is witnessing a promising start to 2025, as the market exhibits a bullish outlook. Most altcoins have mirrored Bitcoin’s (BTC) price movement, contributing to a mild rebound. As of Friday, January 3, during the early European trading session, Bitcoin’s price has surged above $96.5k. This upward trend has fueled a sense of optimism among crypto traders, who are increasingly anticipating…
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