Wednesday, February 26, 2025
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FTX.com releases restructuring plan, hints at rebooted offshore exchange

FTX.com has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way for the exchange to become re-operational as an offshore entity.Dockets filed on July 31 include a draft plan of reorganization that outlines the company’s intended path to settle

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Defunct Crypto Exchange FTX Plans to Restart Platform for Non-U.S. Customers

The filing, posted Monday night U.S. time, delineates the claimants into various groups. The first group is claimants of FTX.com offshore exchange, which it calls “dotcom customers”, next is customers of the U.S. exchange (“U.S. customers”), after, customers of its NFT exchange, then general unsecured claims, secured claims, and subordinated

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Crypto Exchange Temporarily Suspends CRV Trading Citing High Volatility

“Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV,” reads the announcement. “To ensure the safety of digital asset transactions, we have temporarily

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Decentralized Exchange PancakeSwap Expands to zkSync Era Blockchain

As a DEX, PancakeSwap relies on smart contracts instead of middlemen to process trades, lending and lottery services for users. The DEX is available on the BNB Chain, Ethereum, Polygon zkEVM, Aptos and now zkSync Era. The protocol held over $1.57 billion worth of tokens as of Wednesday, DefiLlama data

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Namibia signs crypto exchange regulation bill into law

The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges.On July 21, the VASP-regulating law was inserted into the Gazette of the Republic of Namibia after previously being approved in Namibia’s National

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Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs

In a statement to CoinDesk, a spokesperson for KuCoin said that the company has “not initiated any alleged layoff plans.” However, the spokesperson said that “as part of the company's business development and semi-annual employee performance review, there might be some personnel adjustments as needed, which is a normal process

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