18 de March de 2025

Author: ADM

FTX bankruptcy managers accused of spending funds on luxury hotels, travel as creditors file legal action
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FTX bankruptcy managers accused of spending funds on luxury hotels, travel as creditors file legal action

An FTX creditor Lidia Favario has raised concerns about the excessive spending by bankruptcy managers handling the defunct exchange’s proceedings, according to a court filing. In a letter to Judge John Dorsey, Favario described the spending as extravagant and inconsistent with the Department of Justice (DOJ) guidelines on reasonable expenses. Questionable expenses Favario cited specific […]

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Major Portuguese bank blocks fiat transfers to crypto platforms
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Major Portuguese bank blocks fiat transfers to crypto platforms

Banco of Investimentos Globais (BiG), one of Portugal’s largest banks, started blocking fiat transfers to crypto platforms, according to a notification shared by Delphi Labs co-founder José Maria Macedo. The notification cited compliance with guidelines published by the European Central Bank (ECB), the European Banking Authority (EBA), and the Bank of Portugal about risks associated with […]

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Western Union and MoneyGram app usage drops as stablecoin adoption surges
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Western Union and MoneyGram app usage drops as stablecoin adoption surges

Traditional remittance giants like Western Union and MoneyGram are struggling to keep pace in an evolving financial ecosystem increasingly shaped by stablecoins. According to Matthew Sigel, Head of Digital Assets Research at VanEck, downloads of remittance giants apps have dropped significantly, with Western Union seeing a 22% decline and MoneyGram experiencing a 27% reduction. Traditional […]

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Bitcoin L2 Stacks faces 5 hour outage halting transactions
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Bitcoin L2 Stacks faces 5 hour outage halting transactions

Stacks, a layer-2 blockchain built on Bitcoin, has faced a significant outage lasting over four hours. According to its status page, the network ceased producing transaction blocks at 7:15 UTC on Jan. 6. Since then, no new blocks have been created, effectively halting transaction processing. Stacks Blockchain Outage (Source: Stacks) The project’s team confirmed the […]

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South Korea reconsiders crypto ETFs amid global market shift and demand
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South Korea reconsiders crypto ETFs amid global market shift and demand

South Korea’s Exchange Chairman, Eun-Bo Jeong, has signaled interest in introducing crypto-based exchange-traded funds (ETFs) this year, aligning with global demands for such products. At the Securities and Derivatives Market Opening Ceremony on Jan. 2, Jeong reportedly emphasized the need for innovative financial products to revitalize the country’s capital markets. Jeong highlighted the economic hurdles […]

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Bitcoin genesis block anniversary marks 16 years of financial revolution
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Bitcoin genesis block anniversary marks 16 years of financial revolution

The crypto world is celebrating 16 years since Bitcoin’s Genesis block was mined on Jan. 3, 2009. This landmark event not only marked the birth of the top digital asset but also laid the groundwork for today’s digital financial revolution. Origin Bitcoin was created partially in response to the 2008 financial collapse—a time when trust […]

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New Frax Finance stablecoin backed by BlackRock’s BUIDL fund, enhancing fiat-crypto bridge
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New Frax Finance stablecoin backed by BlackRock’s BUIDL fund, enhancing fiat-crypto bridge

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has deepened its position within the digital asset space as Frax Finance approved it as collateral for its soon-to-be-launched frxUSD stablecoin, according to a Jan. 2 statement. FrxUSD frxUSD is Frax Finance‘s newly rebranded stablecoin that offers direct fiat redemption and enhanced regulatory compliance. Sam Kazemian, Founder of […]

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Tether and Circle generate $664 million in December revenue commanding stablecoin market
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Tether and Circle generate $664 million in December revenue commanding stablecoin market

The crypto industry saw significant on-chain revenue in December, with stablecoin issuers taking the lion’s share, according to data from DeFiLlama. These issuers collectively earned over $664 million, representing over 40% of the $1.5 billion total revenue generated by crypto protocols. On-chain revenue (Source: DeFillama) Tether, the USDT stablecoin issuer, emerged as the top contributor, […]

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