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Celsius to Redistribute $2 Billion to Customers After Court Approval

Celsius to Redistribute $2 Billion to Customers After Court Approval

Crypto lender Celsius Network has announced plans to repay its customers after obtaining approval by the U.S. Bankruptcy Court Southern District of New York on November 9. Last month, the company reportedly sought court approval for its restructuring and repayment plan after getting approval from a majority of its creditors in September. With the latest …

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BlackRock Registers iShares Ethereum Trust, Paving Way for Spot ETF

BlackRock Registers iShares Ethereum Trust, Paving Way for Spot ETF

BlackRock finally joins the spot Ether race with its iShares Ethereum Trust. BlackRock, the world’s leading investment company, has registered an iShares Ethereum Trust in Delaware on November 9, as reported by X account @SummersThings in a post. The move could be a sign that BlackRock plans to file for a spot Ethereum ETF, similar …

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Standard Chartered and SBI Holdings Announce $100M Digital Asset Venture in the UAE

Standard Chartered and SBI Holdings Announce $100M Digital Asset Venture in the UAE

SC Ventures, a business unit of British multinational banking Standard Chartered, and Japanese financial holding company SBI Holdings, have teamed up to launch a ‘Digital Asset Joint Venture,’ in the UAE with $100 million in capital. The newly formed investment entity will initially focus on regional firms with exposure to digital assets in key areas, …

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Nil Foundation to Kick off ZK-Roll-up with Sharding

Nil Foundation to Kick off ZK-Roll-up with Sharding

Zero-knowledge (zk) builder Nil Foundation is developing a new Ethereum scaling solution called zkSharding. The foundation said that its ZK-Rollup would be the first to feature sharding, a database technology created to improve the scalability and performance of Ethereum. Misha Komarov, CEO and co-founder of Nil Foundation expressed excitement that Ethereum developers can now start …

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PayPal's Crypto Services Now FCA-Registered

PayPal’s Crypto Services Now FCA-Registered

PayPal has joined other crypto service providers that successfully registered with the FCA. PayPal UK Ltd., PayPal’s subsidiary in the United Kingdom, is now a registered crypto-asset firm under the U.K. Financial Conduct Authority (FCA). The registry, which came into effect on Oct. 31, is the firm’s legal ticket to the UK market after its …

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Solana Incubator Program

Solana Labs Launches Startup Incubator Program

The program enables blockchain companies to build their next Web3 projects alongside Solana Labs. Solana Labs, the development team behind the Solana ecosystem, has introduced The Solana Incubator, a fresh program aimed at accelerating the growth of Web3-focused businesses. Blockchain-based businesses, particularly those with a huge interest in Web3, can gain access to a variety …

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Circle partners with FamilyMart and BitoGroup | Auntie Crypto Club

Circle Broadens Asian Footprint with New Local Partnerships

Circle has announced new partnerships with Taiwanese leading companies, broadening its footprint in Asia following previous moves in Singapore and The Philipines. Circle Works with Taiwanese Companies Circle Internet Financial (Circle) said on Thursday that it has partnered with FamilyMart, a prominent convenience store (C-store) retailer, and BitoGroup, a leading cryptocurrency exchange in Taiwan to …

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Coinbase Set Sights on Ireland As EU Crypto Hub

Coinbase Set Sights on Ireland As EU Crypto Hub

Despite ongoing regulatory challenges, Coinbase is is investing in compliance and expanding its product offerings across other markets. Coinbase to Expand Across The EU The U.S. leading crypto exchange Coinbase told Cointelegraph that it selected Ireland as its crypto hub under the EU’s new Markets in Crypto-Assets Regulation (MiCA). Under MiCA, crypto-asset service providers (CASPs) …

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Sui Foundation Refutes Alleged Token Supply Manipulation

Sui Foundation Refutes Alleged Token Supply Manipulation

The Sui Foundation has faced backflash following a recent allegation about token supply manipulation. $SUI token hit its all-time low following the news. What Happened? The Sui network is currently under probe for manipulating token supply, according to the media sources. Member of the Democratic Party Min Byeong-deok questioned the plunge of $SUI coins, claiming …

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