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WazirX parent firm Zettai announced Tuesday that it applied with the Singapore High Court on Dec. 6, seeking permission to hold a meeting with creditors to present a recovery scheme. The scheme aims for “quick and fair recovery” after WazirX’s $230m crypto theft on July 18. This scheme, a process under Singapore’s Insolvency, Restructuring and…

Eric Trump, executive vice president at the Trump Organization and President-elect Donald Trump’s son, supports “sensible” regulatory guidelines, arguing they can help position the US as a crypto superpower. In a CNBC interview on Monday in Abu Dhabi, the American businessman shared his long-time enthusiasm for crypto, saying, he has been “a big fan of…

Prominent blockchain researcher Max Resnick has transitioned from Ethereum infrastructure firm ConsenSys to Solana-focused research and development company Anza. In a December 9 post on X, Resnick announced his first day at Anza and expressed enthusiasm for his new role. “I’m taking my talents to Solana,” he wrote, citing growing concerns about Ethereum’s scaling strategy…

Crypto advocacy group Cedar Innovation Foundation has launched an ad campaign against the renomination of US SEC Commissioner Caroline Crenshaw. The digital ad campaign will be displayed across all Washington DC social media platforms. The CIF group accused Crenshaw of being “even worse than Gary Gensler” on crypto. Biden appointee Crenshaw initially opposed the approval…

Bitcoin and other cryptocurrencies were a sea of red on Tuesday after the leading crypto fell 7% from its year-high, likely dampening the buying enthusiasm across the entire market. Bitcoin last traded at $96,254, down about 3%. As a result, its stagnation has adversely affected altcoins, according to Alex Kuptsikevich, chief market analyst at FxPro….

A Russian expert has claimed that Bitcoin (BTC) could reach the $140k mark in the current bear market, but claimed a rise to $200k was out of reach for now. The claim came from Finam analyst Nikita Stepanov, who said that Bitcoin is yet to hit its “peak price” in the current “cycle.” “According to…

Bitcoin infrastructure firm Riot Platforms has unveiled plans to raise $500M through convertible senior notes in a private offering for institutional investors. This decision comes as Bitcoin trades near its all-time high and other major industry players make substantial acquisitions at peak prices. Riot Platforms Targets $500M Offering to Fund Bitcoin Acquisitions: What Investors Need…

Global Futures and Options Ltd. (GFO-X), a London-based crypto derivatives trading platform, has secured partnerships with prominent financial institutions including Standard Chartered Plc, Virtu Financial Inc., ABN Amro Clearing, and market maker IMC. The platform, backed by M&G Investments, plans to officially launch in the first quarter of 2025 after multiple delays. Can GFO-X’s Regulated…

Floki has launched its debit card, enabling users to spend cryptocurrencies at merchants accepting Visa and Mastercard. According to a recent announcement on Floki’s social media channels, the debit card is available in both physical and virtual formats, supporting multiple blockchain networks and major cryptos. FLOKI DEBIT CARD IS NOW AVAILABLE The Floki Debit Card…

Once considered an unrealistic milestone, Bitcoin surpassing $100,000 has silenced critics, yet one prominent CEO predicts the rally could soon take a breather – here’s why. 2024 has been a defining year for Bitcoin. Key events such as the approval of Spot Bitcoin ETFs in January, the long-awaited Halving in April, and the volatility surrounding…