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“Depending on how the bankruptcy claim is calculated, the Earn customers are estimated to get between $440 million and $765 million of a claim,” a DCG executive, who asked not to be identified, said in an interview. “That claim is estimated to receive distributions of $400 million to $535 million.
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On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up to
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There are, however, 36% more NFT traders now than there were a year ago, according to a report by DappRadar. “NFT volumes are way down across the board, but interest is still high,” Krogsgard said. “We're still super excited about the future of NFTs.” Source
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The co-founder of the embattled Wonderland decentralized finance project is preparing to pull the plug following a deeply divided community vote.On Jan. 30, Wonderland co-founder Daniele Sestagalli tweeted that the Avalanche-based reserve currency experiment is coming to an end. He added that the divided community “means that we failed.”The vote
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The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product.On Aug. 29, the xToken team reported that the attack had resulted in roughly $4.5 million worth of funds being drained from xToken’s xSNX product —
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Nvidia cloud gaming service GeForce NOW launched earlier this year, racking up praise from players and critics alike. Since then, a steady stream of the industry’s biggest publishers have left, including Activision, Bethesda, Xbox Game Studios, and more. Nvidia is slowly improving the service with a steady flow of
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