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"The purchase and holding of cryptocurrencies is a pivotal move for the Group to path its business layout and development in the field of Web3," the company said in a stock exchange filing released Monday. "The online gaming business has high compatibility with Web3 technology, and its focus on communities,
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The BitStream proposal echoes the BitVM paper's attempt address the risk of damaging the network's performance by clogging it up with transactions or other computations by carrying them out off-chain. In both cases, transactions or computations would only need to carried out on-chain for verification or to address a dispute. Source
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Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed, per a 19b-4 form filing submitted to the United States Securities and Exhange Commission on Nov. 9.Nasdaq filed the 19b-4 form to securities regulator on behalf of the $9 trillion asset management firm for a proposed ETF
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The world's largest asset manager already made waves by seeking to list a bitcoin ETF Source
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The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo.Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on Nov. 9
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After FTX scrutinized 75 bidders that were interested in restarting the distressed cryptocurrency exchange, only three firms, including Bullish, Figure Technologies, and Proof Group, have been chosen. The future of the bankrupt cryptocurrency exchange FTX Trading Ltd, popularly known as FTX, is expected to be decided before the end of this
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The UK is setting new regulations for stablecoins and the wider cryptocurrency market, aiming to enhance financial stability and consumer protection while fostering innovation. The Bank of England (BOE), working with the Financial Conduct Authority (FCA), is rolling out a plan to manage the stablecoin market—cryptocurrencies that are usually tied to
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“The prior plan provided for the sale of assets of the debtors and a non-debtor affiliate, a discharge of the debtors, and the reorganization of any unsold assets for the benefit of the claim holders,” said Harrington, a Department of Justice official with responsibility for bankruptcy cases. “The liquidating plan
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“The WLD token was launched with a relatively low circulating supply of just above 100M WLD,” Worldcoin said in a Sunday post. “This was due to the goal of creating a network of as many human beings as possible. To achieve this, the majority of the WLD token supply will
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The team overseeing the bankruptcy process has put forward a new plan to distribute the remaining assets to affected creditors. The proposal aims to give creditors back up to 90% of their holdings at the time of FTX’s collapse. Cryptocurrency exchange FTX has introduced an amended proposal to return a substantial
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