But, let’s face it, crypto’s regulatory uncertainty isn’t all your fault.
Chris Giancarlo leads the shortlist for Trumps potential crypto role, aimed at boosting US crypto growth and easing regulatory burdens. The post Chris Giancarlo, ex-CFTC chair, emerges as frontrunner for White House ‘crypto czar’ role appeared first on Crypto Briefing .
Turns out that owning the end-user via a crypto wallet is quite a prosperous business
November 21, 2024 – Sydney, Australia The GMT DAO – an independent community organization of GMT holders – is excited to announce the launch of the GMT burn initiative, an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision The post GMT DAO Launches Groundbreaking Burn Initiative With a Target of up to 600 Million GMT appeared first on The Daily Hodl .
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has officially announced he will step down on January 20, 2025. This announcement has triggered a notable reaction in the cryptocurrency market as XRP, the digital asset at the center of the SEC’s legal battle with Ripple, surged by over 10% following the news. The post XRP Price Spikes As SEC Chair Gensler Officially Announces Resignation Date appeared first on Times Tabloid .
According to a breaking development, Trump's crypto advisory council is expected to create the promised Bitcoin reserve. Details are coming… *This is not investment advice. Continue Reading: BREAKING: Donald Trump’s Cryptocurrency Advisory Council is Expected to Establish the Promised US Bitcoin Strategic Reserve, According to Reuters
Gary Gensler’s resignation from the SEC marks a pivotal moment for the crypto industry, potentially altering regulatory landscapes. His tenure has generated significant debate over the balance between investor protection
The cryptocurrency landscape is shifting significantly as SEC Chair Gary Gensler announces his departure, coinciding with a surge of interest in ETFs. With Gensler’s exit expected to alter regulatory dynamics,
The long-awaited resolution for nearly $16 billion in funds owed to users and customers of the defunct crypto exchange FTX is approaching, as the estate managing the recovery process has outlined the next steps and timeline for distribution. FTX Nears Completion Of Chapter 11 Plan In Thursday’s announcement, FTX confirmed that it is nearing the completion of the final prerequisites necessary for its Court-approved Chapter 11 Plan of Reorganization to take effect, marking a significant milestone toward initiating creditor and customer distributions. John J. Ray III, Chief Executive Officer and Chief Restructuring Officer of the FTX Debtors, expressed optimism about the upcoming distributions, saying that they will begin distributing proceeds in “early 2025”. Ray emphasized that the timeline reflects the diligent efforts of the team working on behalf of FTX’s creditors and customers, who have reportedly recovered “billions of dollars to date.” He reassured stakeholders that the team is committed to maximizing recoveries and is actively working to finalize arrangements with distribution agents to expedite the return of funds. Related Reading: Bitcoin Price Almost Hits $98,000: Key Reasons Behind The Rally FTX provided updates on the anticipated timeline for these distributions. In early December, the estate expects to finalize agreements with specialized distribution agents tasked with facilitating the global distribution of recoveries to customers in supported jurisdictions. At that time, FTX will provide detailed instructions for affected customers on how to establish an approved account with these agents through the existing customer portal. What Customers Must Know By the end of December, FTX plans to announce the exact effective date for the distributions, contingent upon a Court Order that will approve the Disputed Claims Reserve Amount—a necessary step outlined in the Confirmation Order. The current expectation is for the Plan to be effective in early January 2025. Following this, the first distribution will be made to holders of allowed claims in the Plan’s Convenience Classes within 60 days. Importantly, the distribution record date will coincide with the effective date, meaning customers will need to be prepared to act swiftly. For customers to qualify for the initial distribution, they must establish an approved account with a distribution agent and complete Know Your Customer (KYC) verification, along with submitting the required tax forms before the distribution record date. Additionally, claims traders should be aware of specific provisions in the Plan regarding trades made within 45 days prior to the distribution record date. Claims traded during this period may not be reflected on the claims register by the end of business on the distribution record date, which could result in distributions being made to the original claim holders rather than the current traders. FTT Price Reacts To Distribution Announcement At the time of writing, FTX’s native token, FTT, is trading at $2.36, reflecting a substantial surge of nearly 10% within the past 24 hours. Over a longer time frame, the token has posted impressive gains, rising around 40% over the past fourteen days and 18% over the past thirty days, in line with the broader market rally following President-elect Donald Trump’s victory on 5 November. Related Reading: Whale Alert: $2 Million PEPE Purchase Sees 105 Billion Tokens Snapped Up Data from CoinGecko further indicates that FTT has experienced a significant rise in trading volume over the past 48 hours, which has surged by 38%, resulting in over $135 million traded during this period. However, it is important to note that FTT’s current price remains significantly below its all-time high of $84, reached during the bull market of September 2021, marking a decline of over 97% from its peak value. Featured image from DALL-E, chart from TradingView.com
Palo Alto, California, November 21st, 2024, Chainwire Integration to enhance DeFi use cases on Aptos, expand interoperability, and streamline global payment solutions for merchants. Aptos Foundation today announced the upcoming integration of Circle’s native USDC and Cross-Chain Transfer Protocol (CCTP) on the Aptos Network, as well as Stripe adding support for Aptos in its crypto products. These integrations make Aptos