FTX is set to begin repaying its creditors on May 30, marking a significant step in resolving its lengthy bankruptcy process. The repayments come after 27 months of legal proceedings following the exchange’s dramatic collapse in November 2022. According to court filings, the distribution will prioritize customers and creditors based on an approved restructuring plan. While the exact payout amounts …
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Sonic Labs has announced a shift from its dollar-pegged algorithmic stablecoin to a version backed by the UAE dirham (AED), signaling a strategic move in response to evolving market conditions and regional demand. The decision comes amid growing interest in non-USD stablecoins, particularly in emerging markets where local currency-backed digital assets can enhance financial accessibility and reduce reliance on the …
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Metaplanet, a Japan-based investment firm, has issued $13 million worth of zero-interest bonds to expand its Bitcoin holdings. The move highlights the company’s aggressive strategy to increase its exposure to the digital asset while leveraging innovative financing methods. The zero-interest bonds, which do not carry traditional interest payments, provide Metaplanet with capital at minimal cost. This allows the firm to …
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A South Korean court has sentenced three individuals for their involvement in a large-scale cryptocurrency scam, highlighting the country’s crackdown on fraudulent digital asset schemes. The convicted members were found guilty of defrauding investors through deceptive crypto investment promises. According to court documents, the scam involved luring victims with the promise of high returns on cryptocurrency investments. The perpetrators used …
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Bitcoin mining firm Marathon Digital Holdings (MARA) has announced plans to raise up to $2 billion through a stock sale, aiming to increase its Bitcoin holdings and invest in new mining infrastructure. The move underscores the company’s commitment to scaling operations amid growing competition in the industry. According to filings with the U.S. Securities and Exchange Commission (SEC), MARA intends …
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Russian energy giant Gazprom has launched a blockchain-powered digital assets initiative, marking a significant step in its adoption of decentralized technology. The move is aimed at enhancing transparency, efficiency, and security in the company’s operations while exploring new financial instruments. Gazprom’s digital assets platform is designed to tokenize various forms of value, including energy-related assets, financial contracts, and supply chain …
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Japan is set to reclassify cryptocurrencies as financial products, a move that will subject digital assets to stricter regulations, including insider trading restrictions. The decision aims to enhance investor protection and align crypto markets with traditional financial instruments. According to reports, Japan’s Financial Services Agency (FSA) is working on regulatory changes that will bring cryptocurrencies under the same legal framework …
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Cybersecurity researchers have identified a new Android malware, dubbed “Crocodilus,” that is designed to steal sensitive cryptocurrency wallet credentials. The malware poses a significant threat to crypto investors by targeting login details, private keys, and other security information stored on mobile devices. According to the research, Crocodilus spreads through malicious apps disguised as legitimate crypto-related tools, such as wallet managers …
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चेन्नई सुपर किंग्स को आईपीएल 2025 में लगातार दूसरी हार का सामना करना पड़ा, जब वह गुवाहाटी में राजस्थान रॉयल्स के खिलाफ अपना पहला मैच हार गए। इस बीच, राजस्थान रॉयल्स ने लगातार दो हार के बाद इस सीजन की अपनी पहली जीत हासिल की। राजस्थान रॉयल्स के कप्तान संजू सैमसन ने चोट की वजह से तीन मैचों में टीम …
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अमेरिका में पारस्परिक टैरिफ की समयसीमा समाप्त होने के साथ ही, सोमवार को सोने की कीमतें पहली बार 3,106 डॉलर प्रति औंस के रिकॉर्ड उच्च स्तर पर पहुंच गईं, वैश्विक अनिश्चितताओं के बीच लोग सुरक्षित-संपत्ति को जमा करने की ओर बढ़ रहे हैं। इस साल खुदरा निवेशकों द्वारा मांग बढ़ाने के कारण पीली धातु में 18 प्रतिशत से अधिक की …
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