Voyager Digital obtained a total of $484.35 million from their insurance policy, FTX, and 3AC towards a settlement. This significant financial boost is part of their strategy to repay their debts to creditors following their bankruptcy declaration in July 2022. Approximately half the $450m was contributed by FTX’s case. This allows creditors to recoup around … Read more
Last week brought challenges for SOL as Solana’s network experienced significant issues, leading to transaction failure rates exceeding 75%. As a result, the price of SOL dropped by 7.8%. This price decline has left some users feeling uncertain, but certain analysts remain optimistic about SOL’s future growth. Based on Analyst Bluntz’s assessment, the price of … Read more
A cryptocurrency initiative called Worldcoin, which aims to implement a universal basic income (UBI) through its program, is experiencing explosive expansion. Since its debut in June 2023, the project has amassed over 10 million users on its World App and adds approximately 2 million new registrants every day. Approximately 10 million individuals utilize the world … Read more
Circle, the company behind USDC stablecoin, has rolled out a new smart contract feature allowing for seamless conversion of BUIDL fund shares to USDC. Launched by BlackRock in March 2024, the BUIDL fund is based on Ethereum and provides dollar stability through tokenization. In the near future, investors can perform direct redemptions of their BUIDL … Read more
Kwon Do, a co-founder of Terraform Labs, is currently in a waiting period as Milović, Montenegro’s justice minister, deliberates on whether to request his extradition. Previously, the final decision regarding this matter was in the hands of the Supreme Court of Montenegro; however, it has now been transferred to the Ministers for consideration. In March … Read more