In a significant development for its bankruptcy proceedings, FTX has agreed to settle its lawsuit against the cryptocurrency exchange Bybit, alongside its executives and investment arm Mirana, for an anticipated recovery of $228 million. The agreement, announced in an Oct. 24 court filing, marks a pivotal moment in FTX’s broader strategy to compensate its creditors
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In recent years, cryptocurrency has emerged as both a revolutionary financial technology and a breeding ground for scams and fraudulent schemes. This dual nature was starkly illustrated in the case of Valeria Fedyakina, a high-profile influencer known as the “Queen of Crypto.” With a promising social media presence and claims of vast expertise, she attracted
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Japan’s Metaplanet, an investment firm, has catapulted into the spotlight following its recent expansion of Bitcoin (BTC) reserves to a notable 1,018 BTC. This surge in holdings, facilitated by a recent acquisition of 156.7 BTC valued at approximately $10.4 million, reflects a significant strategic pivot in the firm’s financial management approach. The announcement, made via
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Bitcoin, the leading cryptocurrency, has experienced significant fluctuations recently, particularly following a weekend downturn. After dipping below $66,000, the asset made a notable recovery, breaching the $68,000 mark and even nearing $68,500. This latest surge reflects a resurgence in market confidence, particularly in light of growing institutional interest spurred by spot Bitcoin exchange-traded funds (ETFs).
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As anticipation builds for the upcoming MemeFi airdrop on November 12, 2024, participants are gearing up for what promises to be one of the most engaging and rewarding events in the Web3 space. This airdrop goes beyond the typical transaction; it serves as a platform for recognizing and rewarding the most active and dedicated members
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