Crypto World News
Crypto World News
FTX has initiated its customer repayment process, prioritizing convenience class creditors with claims under $50,000. The reorganization plan was officially launched on January 3 and aimed to address investor losses from the November 2022 bankruptcy. This phase is critical in…
Ripple (XRP) has issued 600,000 new RLUSD tokens, marking a significant step in its stablecoin strategy. Despite the increase, RLUSD’s market cap remains at 53.1 million tokens. Ripple’s cautious approach reflects its commitment to maintaining stability in a competitive, stablecoin…
BlackRock’s iShares Bitcoin Trust (IBIT) experienced a record $330.8 million outflow on January 2, marking a significant development. This exit is the largest since the fund’s launch, representing over 3,500 BTC leaving the ETF. The event contributed to total daily…
Celsius has filed an appeal against a court ruling that denied its $444 million claim in the FTX bankruptcy case. The defunct crypto lender disputes the decision, which dismissed its damages claims and preferential transfer allegations. The appeal adds another…
Robert Kiyosaki, author of Rich Dad Poor Dad, attributed his financial success to Bitcoin (BTC), real estate, gold, and silver. He emphasized understanding investments and learning from experts like Warren Buffett, despite their differing views on Bitcoin. Kiyosaki predicted Bitcoin’s…
Spot Ethereum exchange-traded funds (ETFs) set a new monthly record in December with $2.08 billion in net inflows. This performance nearly doubled November’s inflows, reflecting heightened investor interest in ether-backed financial products. BlackRock’s ETHA fund led the surge, contributing significantly…
Spot Bitcoin ETFs in the United States attracted $35.66 billion in net inflows in 2024. These figures exceeded initial industry forecasts, including Galaxy Digital’s $14 billion estimate. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led with $37.31 billion, followed by Fidelity’s…
Malaysia’s Securities Commission (SC) has taken enforcement action against crypto exchange Bybit and its CEO, Ben Zhou. The regulator directed Bybit to halt its operations in the country for failing to register as a Recognised Market Operator (RMO). This includes…
According to recent updates, Ryan Salame, a former executive of FTX, had his prison sentence reduced by one year. Initially serving over seven years, his revised sentence now stands at just over six and a half years. The adjustment follows…
Strive Asset Management, founded by Vivek Ramaswamy, has filed for regulatory approval to launch a Bitcoin-focused ETF. The proposed fund will target convertible bonds issued by companies like MicroStrategy, known for its Bitcoin-centric strategies. This move aims to expose investors…