Defunct crypto lending platform Celsius Network is paying back billions to creditors. Last year, a US judge approved a bankruptcy plan for Celsius after it filed for bankruptcy in July 2022 when its token plummeted by 99% and it could not fulfill withdrawals. The company, dubbed “NewCo,” was granted a $1.25 billion balance sheet, $450 million …
Continue reading “Bankrupt Crypto Lender Celsius Distributes $2,530,000,000 to Creditors”
Tokenized treasury products are gaining widespread adoption on blockchain networks.
Georgia Representative Mike Collins previously disclosed purchasing up to $65,000 in ETH, but seems to have moved onto altcoin investments.
SwapKit.dev, a pioneer in cross-chain infrastructure solutions, announced on August 22, 2024, the integration of BitPay, a leading Bitcoin and cryptocurrency payment processor. This collaboration allows BitPay users to conduct cross-chain cryptocurrency swaps directly within the BitPay Wallet, utilizing SwapKit’s technology to access liquidity from multiple blockchains via THORChain. The integration enables BitPay Wallet users …
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Ethereum (ETH) co-founder Vitalik Buterin thinks decentralized finance (DeFi) projects need to demonstrate that they’re “useful in a sustainable way” without sacrificing core principles like permissionlessness and decentralization. Buterin says on the social media platform X that he’s a fan of decentralized exchanges (DEXs) and uses them every week, and he says the decentralized betting …
Two prominent financial institutions in the US—Nasdaq and CME Group—have launched new Bitcoin-related products as institutional adoption of the top crypto continues. According to an Aug. 27 announcement, Nasdaq has partnered with CF Benchmarks to file with the US Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX). XBTX The …
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
Continue reading “Large transactions drive Bitcoin withdrawal from exchanges”
The Solana Optimistic Network (SOON) has raised an undisclosed amount in a co-builder funding round that drew contributions from key industry figures, according to an Aug. 27 statement shared with CryptoSlate. Notable participants in the round include Solana leaders Lily Liu and Anatoly’ Toly’ Yakovenko, Coinbase Ventures’ Principal Jonathan King, and Celestia Labs co-founder Mustafa …
The following is a guest post by Jonathan Yark. The introduction of the Bitcoin and Ether ETFs mark a critical turning point for the digital asset industry, signifying crypto’s recognition as a legitimate asset class by traditional markets. These ETFs have bridged the gap between traditional market structures and the once “Wild West” of crypto, …
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Most crypto bettors on Polymarket, a decentralized prediction marketplace, do not expect the detained Telegram CEO, Pavel Durov, to be released this month. Data from Polymarket indicates only a 39% chance of Durov’s release in August, with shares trading at 39 cents at press time. However, bettors are more optimistic about a release before October, …
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As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years, it has ended the month on a downward trend 72.73% of the …
Continue reading “Bitcoin’s Rough September Price History Raises Questions for 2024”
Utherverse has operated the most successful Metaverse platform in history, with more than 50 million uses worldwide since the launch of their first generation metaverse in 2004. They are now in Beta testing of their third commercial generation metaverse which is designed as a platform upon which anyone can easily create and operate a sophisticated …
Quick Take According to a report from New World Wealth and Henley & Partners published by CNBC, the population of crypto millionaires has surged by 95% over the past year. This rapid growth in wealth is particularly evident among Bitcoin holders, where the number of millionaires has more than doubled, reaching 85,400. However, it’s important to …
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Bankrupt crypto lender Celsius has repaid approximately $2.53 billion to 251,000 creditors, according to an Aug. 26 court filing. This repayment represents around two-thirds of eligible creditors by number and about 93% of the total eligible value. The payment breakdown revealed that Celsius disbursed $1.43 billion in crypto via PayPal/Venmo, $917 million in crypto through …
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MakerDAO has rebranded to Sky and announced the names of its upcoming upgraded tokens, USDS and SKY, set for September 18. The release of the names follows its recent confirmation of upgrades to its token ecosystem. The rebranding is part of MakerDAO’s “Endgame Plan,” a vision laid out by co-founder Rune Christensen aimed at transforming …
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