A lawsuit against Coinbase concerns allegations under the Sherman Act of attempted monopolization of the Wrapped Bitcoin market. Source: https://cointelegraph.com/news/coinbase-wbtc-delisting-lawsuit-billion-dollar-claims?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Ethena Labs Launches Stablecoin Backed by Blackrock’s BUIDL Fund
Ethena Labs has introduced USDtb, a stablecoin that’s got the backing of Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL). Ethena Unveils USDtb, a New Stablecoin With Blackrock Support Crafted in collaboration with Securitize, a top dog in real-world asset (RWA) tokenization, USDtb brings cash-backed steadiness and the magic of cross-chain operations to the table. This […] Source: https://news.bitcoin.com/ethena-labs-launches-stablecoin-backed-by-blackrocks-buidl-fund/
Kraken and BitGo will help distribute the first FTX payments in 2025
More than two years after the cryptocurrency exchange filed for bankruptcy, the first group of FTX claimants could see recovery payments distributed as early as January. Source: https://cointelegraph.com/news/kraken-bitgo-ftx-distribute-payments?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Softbank announces $100B investment in US AI infrastructure
The announcement came at President-elect Donald Trump’s Mar-a-Lago estate in Florida. Source: https://cointelegraph.com/news/softbank-100-billion-investment-us-ai-infrastructure?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FTX Will Repay Customers in Early 2025 via Kraken and BitGo
Collapsed cryptocurrency exchange FTX expects to begin repaying creditors and customers in early 2025, announcing its latest timeline of repayments on Monday as the firm nears the conclusion of its Chapter 11 bankruptcy process. FTX’s court-approved reorganization plan will become effective on January 3, 2025, and the firm’s bankruptcy team—led by FTX Debtors CEO John J. Ray III—expects to make…
XRP rally and RLUSD anticipation fuel activity on Xaman Wallet
Xaman’s spike in user activity reflects a renewed interest in the XRPL ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch. Source: https://cointelegraph.com/news/xrp-rally-rlusd-fuel-activity-xaman-wallet?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FCA releases discussion paper on crypto market transparency, abuse
In the latest step in the long process of regulating crypto in the UK, the FCA is asking for feedback on two areas under its responsibility. Source: https://cointelegraph.com/news/uk-crypto-asset-regulation-2026-fca-plans?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kraken chosen as distribution partner by the FTX Debtors
December 16, 2024 | News We have entered into an agreement with FTX Trading Ltd. (“FTX”) and its affiliated debtors (the “FTX Debtors”) to assist in distributing recoveries to retail customers in supported jurisdictions in accordance with the U.S. bankruptcy court-approved FTX Chapter 11 Plan of Reorganization. To ensure clients receive funds when distribution starts, they can complete the necessary…
Price analysis 12/16: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX
Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000. Source: https://cointelegraph.com/news/price-analysis-12-16-spx-dxy-btc-eth-xrp-sol-bnb-doge-ada-avax?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
From Crypto Genius to Centi-Billionaire: Satoshi Nakamoto’s Wealth Soars
On Dec. 16, just one day after bitcoin hit its peak price of $106,533 per coin, the top crypto asset is now cruising at $106,300 per unit. With BTC’s value sky-high, Satoshi Nakamoto, Bitcoin’s mastermind, has joined the elite club of centi-billionaires, rubbing shoulders with the planet’s 20 richest folks. Centi-Billionaire Satoshi Nakamoto: The Silent […] Source: https://news.bitcoin.com/from-crypto-genius-to-centi-billionaire-satoshi-nakamotos-wealth-soars/