FTX to begin distributing $1.2B to creditors after Trump inauguration

January 13, 2025 Coin Telegraph

FTX to begin distributing .2B to creditors after Trump inauguration

A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.

Update 11:00 am UTC: This article has been updated to include quotes from Philipp Zentner.

FTX is preparing to distribute more than $1.2 billion in repayments to the bankrupt former cryptocurrency exchange’s users.

FTX, once the world’s second-largest centralized cryptocurrency exchange (CEX), is set to begin repaying users who have been unable to access their funds for over two years.

Vitalik Buterin announces leadership changes for Ethereum Foundation

Crypto Exchange and Wallet Backpack Acquires FTX’s European Arm for $32,000,000

January 7, 2025 The Daily Hodl

Crypto Exchange and Wallet Backpack Acquires FTX’s European Arm for ,000,000

Backpack Exchange

Backpack Exchange, a crypto trading platform founded by former FTX and Alameda Research employees, is acquiring FTX EU for $32 million. According to a new announcement from the European-based crypto exchange and wallet Backpack, the exchange has bought out the European arm of FTX. “Backpack has acquired FTX EU and its MiFID (Markets in Financial […]

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Vitalik Buterin announces leadership changes for Ethereum Foundation

Crypto Exchange Token Defies Digital Asset Market Downtick and Soars by Nearly 30% Amid New Merger Announcement

December 28, 2024 The Daily Hodl

Altcoins

A crypto exchange token is defying this week’s marketwide downtrend, skyrocketing by nearly 30%. The Bitget Token (BGB) is trading at $7.37 at time of writing and is up nearly 28% in the past 24 hours and more than 70% in the past week. BGB’s gains partially materialized amid news that Bitget plans to merge […]

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Vitalik Buterin announces leadership changes for Ethereum Foundation

Release Date for Incarcerated Former FTX Exec Ryan Salame Moved Up by a Year

December 27, 2024 The Daily Hodl

crime

Incarcerated former FTX executive Ryan Salame appears to have already slashed a year off his prison sentence. Data from the U.S. Federal Bureau of Prisons indicates Salame’s release date is now March 1st, 2031. The former co-chief executive of FTX Digital Markets reported to prison in October after being sentenced to 7.5 years behind bars, […]

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Vitalik Buterin announces leadership changes for Ethereum Foundation

Bitget Token (BGB) Soars to $7,869,959,009 Market Cap With Suprise 844% Rally This Year

December 25, 2024 The Daily Hodl

Bitget Token (BGB) Soars to ,869,959,009 Market Cap With Suprise 844% Rally This Year

Altcoins

The native asset of crypto exchange Bitget (BGB) is closing in on a market cap of nearly $8 billion after the token surprisingly sparked an 844% rally in 2024. According to current data, BGB is trading for $5.64 at time of writing, a 15% increase during the last 24 hours. BGB launched in 2021 and […]

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Vitalik Buterin announces leadership changes for Ethereum Foundation

Over $225,000,000 in Crypto Distributed To Hack Victims of Collapsed Exchange Cryptopia After Years of Waiting

December 21, 2024 The Daily Hodl

Over 5,000,000 in Crypto Distributed To Hack Victims of Collapsed Exchange Cryptopia After Years of Waiting

Breach

Hundreds of millions of dollars worth of crypto assets are being distributed to hack victims of the defunct crypto exchange Cryptopia. Investors who had accounts with Cryptopia – a New Zealand-based crypto firm that collapsed in May 2019 – will collectively receive $225 million worth of digital assets, according to a new press release by […]

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Vitalik Buterin announces leadership changes for Ethereum Foundation

World’s Largest Crypto Exchange Rolls Out ‘Binance Alpha’ Feature to Spot Early-Stage Projects With Potential

December 17, 2024 The Daily Hodl

Alpha

Binance, the largest crypto exchange in the world by volume, is launching a new wallet feature aimed at shining a spotlight on nascent crypto projects. According to a new Binance announcement, Binance Alpha is “a new platform within the Binance Wallet that shines a spotlight on early-stage crypto projects with the potential to grow within […]

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Vitalik Buterin announces leadership changes for Ethereum Foundation

Community Notes Challenges Coinbase’s Response to Account Complaints

December 9, 2024 Bitcoin.com

bitcoin.com

Coinbase’s support account on X tackled grievances regarding alleged account restrictions. In a post, the company emphasized, “don’t believe everything you see on twitter.” However, an attached X Community Notes clarification pointed out that Coinbase is “indeed restricting accounts.” Locked Accounts and Frustrated Users: Coinbase Faces Customer Outcry A flood of complaints has been aimed […]

Vitalik Buterin announces leadership changes for Ethereum Foundation

Binance, WazirX among crypto firms evading taxes in India, says gov’t

December 4, 2024 Coin Telegraph

Binance

India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.

The Indian government has detected a significant amount of unpaid goods and service taxes (GST) by major cryptocurrency exchanges, including Binance and WazirX.

India’s Minister of State for Finance, Pankaj Chaudhary, said the government has found 824 crore Indian rupees ($97 million) in GST in unpaid taxes by several crypto exchanges, The Economic Times reported on Dec. 3.

Authorities have reportedly initiated multiple related investigations into crypto exchanges, including WazirX, CoinDCX and CoinSwitch Kuber.

Vitalik Buterin announces leadership changes for Ethereum Foundation

DMM Bitcoin Breach: Japanese Crypto Exchange Shutters Operations Amid Hack Fallout

December 2, 2024 Bitcoin.com

bitcoin.com

Beleaguered Japanese crypto exchange DMM Bitcoin is set to cease operations after transferring its assets to SBI VC Trade Co. DMM Bitcoin Takes Action to Avoid Inconveniencing Users Beleaguered Japanese crypto exchange DMM Bitcoin is set to cease operations. Its assets will be transferred to SBI VC Trade Co., a subsidiary of SBI Holdings, Inc. […]

crypto exchange

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