Bankrupt crypto lender Voyager Digital Holdings reached an agreement with the United States federal government to be able to complete the sale of its assets to Binance.US.The Federal Trade Commission (FTC) had opposed this purchase on the grounds that the deal could unlawfully shield the company from fraud liability.On April 19, Bankrupt crypto lender Voyager Digital Holdings has reached an agreement with the United States federal government that would allow the firm to sell its assets to Binance.US.For those who may not remember, Voyager Digital filed for bankruptcy in July 2022. It was, in fact, one of the tokens that…
Author: Ferret Weasels
Read More
In the context of a lawsuit involving the now-defunct Gatecoin cryptocurrency exchange, a Hong Kong court has recognized cryptocurrencies as property that can be “held in trust.”Gatecoin announced its closure and liquidation in 2019 following an attempt to recover disputed funds from a former payment service provider.The liquidators sought court instructions on whether the cryptocurrencies held by Gatecoin should be treated as trust property or made available to the general body of creditors.Bitcoin, the creation of the unknown Satoshi Nakamoto, changed the economy forever, creating a product that gained value and around it an ecosystem was formed that evolves every…
PancakeSwap seeks to reduce the inflation rate of the native token from 3 to 5% per year since it is currently above 20%.To achieve this, the firm will seek to transition to a CAKE staking model characterized by low staking inflation, real returns drawn from PancakeSwap protocol revenue, and product benefits that favor CAKE participants over the longer term. .The initial proposal will begin to be discussed today, Wednesday April 19 and Friday the 21st.DeFi (decentralized finance) is one of the great attractions of the crypto ecosystem and its growth denotes the interest of the entire sector. To get a…
Ray Youssef, former CEO of Paxful, announced that withdrawals from the platform were now available to most users.Ray Youssef informed his followers on Twitter that 88% of the accounts that had been frozen were already eligible for withdrawals.Earlier this month the P2P trading platform announced that would suspend your marketplace and they did not know if operations will resume at some point. However, no further details were shared regarding the reason for the cessation of operations.After that announcement, the CEO of Paxful assured that the wallet would remain active to allow customers to withdraw their cryptocurrencies and, of course, they…
Although crypto activity was reduced by the bear market, the stablecoin market share and capitalization grew quite a bit as many people were looking for a way to dollarize their savings, and found in DAI, USDC and USDT a very friendly way to do it.While in Latin America it is used as a backup to protect itself from inflation, the Old Continent uses it “experienced traders and investors”.The market sentiment is that the low has already passed and that lCryptocurrencies are on an upward path for the future, with the halving of 2024 on the horizon. The worst seems to…
After the Shanghai hard fork on Ethereum took place, from April 12 to today, more than 1 million ETH have been withdrawn from the Ethereum network.With these withdrawals, more than $2 billion dollars have been unlocked.Lido DAO is the largest responsible for withdrawals that the Ethereum network has experienced, with 24.6% of withdrawals processed.On April 12 at 22:27 UTC the Shanghai hard fork of Ethereum took place. This update specifically allowed withdrawals for users who had staked ETH to secure and validate transactions on the blockchain.Half an hour after it happened, 285 withdrawals had already been made for about 5,413…
The recent visit of the President of Brazil to China could mean a significant step towards the construction of a more multipolar world characterized by a lower degree of centralization of power and the absence of hegemony.During the visit, the agreement to carry out commercial operations in their respective currencies, instead of depending on the US dollar, was discussed.This will allow the countries to be able to work in a basket of currencies and use their own local currencies, also they do not rule out the possibility of having a common currency for the BRICS,Brazil and China, two vastly different…
Twitter has launched a new feature that will allow its users to view in-app charts for cryptocurrencies and stocks through eToro.When users search for an asset with a “cashtag” they will be able to click on the “View on eToro” button, which will redirect the person to the platform to trade the specific asset.Recently, it was reported that Twitter has launched a new feature that will allow its users to view charts for cryptocurrencies and stocks in the app. Yes, you read it right; and all thanks to eToro.According to CNBC, starting this Thursday, April 13, this function is already…
The Stratum mining pool announced the update to Stratum v2 which will allow the selection of transactions through a new sub-protocol and miner nodes.According to the firm, this will allow the democratization of transaction selection in pool mining and the decentralization of Bitcoin.Mining, so criticized for its excessive use of energy, is essential for the operation of the Bitcoin network. Without the miners, who are in charge of approving transactions and bringing the blockchain to life, the most popular cryptocurrency protocol on the market would not work.Given this scenario, stratum plays a key role for decentralized BTC mining and the…