Ten days ago, the FTX estate overseeing the bankrupt companyโs proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit. Astonishingly, despite being tied to a failed crypto exchange, this token still holds a market valuation of $535 [โฆ] Source CryptoX Portal
In a significant move against western banks, a St Petersburg court has seized over $763 million of assets from Unicredit, Deutsche Bank, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of the largest since Moscowโs invasion of Ukraine, includes $504 million of Unicreditโs assets, equivalent to about 4.5% of its [โฆ] Source CryptoX Portal
The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However, complaints emerged that consumers lost money, and the Financial Conduct Authority [โฆ] Source CryptoX Portal
In his latest social media posts, Daniel Cheung, co-founder of Syncracy Capital, expressed confidence in the strength of solana (SOL) and its potential to reclaim the $200 mark. He also hinted that upcoming upgrades could pave the way for new all-time highs (ATHs). Cheung also shared his bullish outlook on bitcoin (BTC), predicting new ATHs [โฆ] Source CryptoX Portal
Makerdao, a leading decentralized finance (defi) protocol, has revealed new concepts to its Endgame plan, introducing two new stablecoins: newstable and puredai. This strategic initiative aims to replace the existing DAI stablecoin and bolster the Makerdao ecosystem. Makerโs Endgame Plan Brings Newstable and Puredai to Replace DAI Makerdao, a decentralized autonomous organization (DAO) known for [โฆ] Source CryptoX Portal
An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to launder at least $73 million tied to an international crypto investment scam, often known as โpig butchering.โ Li and Zhang allegedly managed a global network that laundered proceeds from fraudulent crypto investments, [โฆ] Source CryptoX Portal
Russia and Iran are collaborating on creating a single BRICS currency, the Iranian ambassador to Russia has claimed. He noted that over 60% of the two nationsโ bilateral trade is conducted in Russian rubles and rials, reflecting a shift away from the U.S. dollar. Russia-Iran Trade Flourishes With National Currencies Iran and Russia are reportedly [โฆ] Source CryptoX Portal
Economist Jim Rickards forecasts that gold prices could surpass $27,000, emphasizing that this projection is not made for attention or shock value. โItโs the result of rigorous analysis,โ he clarified. This represents a significant increase from his previous estimate of $15,000 by 2026. Jim Rickardsโ $27K Gold Prediction Explained Economist Jim Rickards shared his prediction [โฆ] Source CryptoX Portal
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.newsโ editorial. This is Part Two of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news. Part One is about Sam Bankman-Friedโs and Changpeng Zhaoโs prison sentences. Part Two is about cryptocurrency and banking. Part Three is about the future of NFTs. 1) In Part One of our interview, you indicated that you…
According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be Chinaโs strategic move to leverage its holdings against the United States. Chinaโs Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets China has significantly [โฆ] Source BitcoincryptoexchangeExchanges CryptoX Portal