WazirX to Get Day in Court Next Month, With Payouts After 10 Days If Recovery Plan is Approved
WazirX, the crypto exchange hit hard by a $234.9 million hack last year, says it’s gearing up to restart operations and begin creditor payments after a key Singapore court hearing on May 13. The exchange’s Singapore-based parent company, Zettai, has wrapped up all prep work for the hearing, where...
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Bitcoin Pops Above $88K Amid Yen Strength; ETH, ADA, XRP See Declines
Bitcoin (BTC) held steady above $88,000 early Tuesday as the Japanese yen crossed the psychological level of 140 against the U.S. dollar, as tariff concerns and risks of a Federal Reserve chairman shuffle in the states broadened the appeal of safe-haven assets. Yen rose nearly 1% to 139.93 against...
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Bitcoin, Euro Options Signal Bullishness Against Dollar Amid Equity and Bond Market Downturn
In a surprising development, options linked to bitcoin (BTC) and the euro-dollar (EUR/USD) exchange rate are indicating strength against the U.S. dollar despite a downturn in the U.S. stock market. This trend suggests the “sell America” trade is gathering pace. Currently, bitcoin’s short- and near-dated risk reversals – which...
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Class-action targets Meteora and Kelsier execs over $69m M3M3 token crash
Solana-based decentralized exchange Meteora is facing a class-action lawsuit that accuses affiliated parties of orchestrating a fraudulent launch of the M3M3 token, resulting in alleged investor losses. An April 21 filing in the US District Court for the Southern District…...
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Crypto Firms Circle And BitGo Set To Pursue US Bank Licenses, WSJ
Crypto is reportedly becoming more integrated into the conventional banking system, according to the Wall Street Journal. This shift occurs after the regulatory crackdown that followed the failure of crypto exchange FTX and its aftermath for many crypto-friendly institutions caused many in the conventional financial sector to withdraw their...
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Crypto exchange Bithumb to spin off investment arm ahead of potential Nasdaq listing
“South Korean cryptocurrency exchange Bithumb appears to be restructuring its investment and holding units as it plans to conduct a long-awaited initial public offering. Crypto exchange Bithumb will separate its holding and investment business into a new company this summer…...
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More Than a Quarter of Bybit’s Hacked Crypto Is Now Untraceable
A significant portion of the $1.4 billion in cryptocurrency stolen during Bybit hack by North Korea’s Lazarus Group has become untraceable, according to the exchange CEO Ben Zhou. In a tweet detailing the current status of the hacked funds – approximately 500,000 ETH – the exec reported that 27.59%...
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Vital Ripple Metric Sees 67% Surge: Is XRP Preparing for a Major Rally?
TL;DR One of the crucial metrics showcasing the overall interest and use case of Ripple’s network has skyrocketed recently, which is in stark contrast to its recent downtrend behavior. This, alongside a few technical indicators, suggests an upcoming price surge for the underlying token. The metric in question is...
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Mike Novogratz’s Galaxy Digital Swaps $100M ETH for SOL, On-Chain Data Shows
Mike Novogratz’s Galaxy Digital has apparently swapped $100 million worth of ether (ETH) for solana’s SOL. According to Wu Blockchain, on-chain data suggests that Galaxy has swapped out a considerable amount of its ETH holdings for SOL. Over the last two weeks, Galaxy has transferred 65,600 ETH – or...
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Saylor Goes Deep: $555M Bitcoin Buy Fuels Strategy Comeback
Strategy, previously referred to as MicroStrategy, has purchased an additional 6,556 Bitcoin in a $555.8 million acquisition. The firm acquired the Bitcoin between April 14 and April 20, spending an average of $84,785 per coin. The latest move takes the company’s total Bitcoin to 538,200 BTC. Company Now Has...
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