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Not all FTX account holders will be reimbursed in the second distribution of assets, but the trust said it will send more than $5 billion “within 1 to 3 business days” of May 30.
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Latest News on Business
When we talk about the role of Bitcoin (BTC) or blockchain in business, we are talking about either business ventures building blockchain/cryptocurrency systems, products or infrastructure; or the integration and adoption of cryptocurrency in existing enterprises as a supported payment method.
Bitcoin and cryptocurrency businesses face incredible challenges on two fronts: regulation and adoption.
Over the years, many high-profile crypto businesses such as some of the leading exchanges have had to move operations across the country or to other countries entirely to avoid severely inhibiting regulatory constraints in certain jurisdictions.
At the same time, mainstream adoption by individuals and established businesses is a very steep uphill battle for entrepreneurs as they attempt to make crypto more accessible and compelling to enterprises and laypeople alike.
Stay tuned as we chronicle blockchain and cryptocurrency’s shifting role in the world of business.
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All the Coinbase customer service agents whom cybercriminals allegedly bribed to gain access to user data were based in India, according to Philip Martin.
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Wintermute joins at least eight other large crypto firms that announced their expansion to the US, banking on improved regulatory clarity for the Web3 industry.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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AlAbraaj Restaurants Group, a publicly listed Bahraini catering firm, has adopted a Bitcoin treasury strategy with plans to expand into Sharia-compliant finance.
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Coinbase rejected a $20 million ransom demand after insiders leaked user data in a phishing scheme. The exchange expects up to $400 million in reimbursement and remediation costs.
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Pi Network has launched a $100 million fund, Pi Network Ventures, to invest in startups and businesses that drive the adoption and utility of its blockchain ecosystem.
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“Ultimately, the goal is not to replicate TradFi’s weaknesses, but to reimagine private credit with the transparency and efficiency of DeFi,” a Pareto spokesperson said.
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Ukraine is said to be finalizing a Bitcoin reserve bill, which may see it become the next country to adopt BTC as a national reserve asset.
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BTCS bet big on Ethereum, announcing a $57.8 million agreement to scale staking and validator operations.
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The leader of an NFT project and Bitcoin mining venture has been sued by his former business partners for allegedly failing to pay them their promised equity returns.
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Liquidators from KPMG have been appointed by court order to oversee the bankruptcy proceedings of the Multichain Foundation.
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Haowang Guarantee, formerly Huione Guarantee, has announced that it will cease operations following a massive Telegram purge of merchant accounts.
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There have been two serious attacks in Paris this month targeted at the families of crypto execs, and Chainalysis' Levin has offered one of the reasons why it's happening.
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“We are always looking at M&A opportunities,” said the Coinbase chief executive, Brian Armstrong, following the Deribit deal.
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