Bankrupt crypto exchange Mt. Gox has reportedly begun repaying creditors after about a decade since it collapsed. Several creditors of the failed firm revealed that they received fiat equivalents of their assets previously locked on the now-defunct exchange. The initial payment confirmation was shared on the social media platform X…

The crypto market faced significant liquidations of nearly $170 million post-Christmas, triggered by a slight decline in the values of major cryptocurrencies. Data from CryptoSlate indicates that the largest cryptocurrency by market capitalization, Bitcoin, declined 1.18% to $42,639, reminiscent of its run in the previous week. Similarly, Ethereum and other large-cap…

Indian financial regulators continue to express significant reservations about the integration of cryptocurrencies into the country’s economic framework and believe there is no economic “upside” in making them regulated financial instruments, according to local media reports. These statements by senior officials from the central bank underscore the government’s cautious approach,…

The cryptocurrency industry has significantly increased its political donations in response to growing regulatory challenges and skepticism in Washington, the Financial Times reported. The strategy highlights an escalation in the crypto sector’s engagement with political processes in an effort to shape the narrative and policies surrounding digital assets. Pro-crypto legislation…

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Crypto traders’ interest in Solana remains very high as the trading volume for the digital asset surpassed that of Bitcoin and Ethereum on major centralized exchanges during the weekend. Conor Grogan, a director at Coinbase, first pointed out this milestone on Dec. 24, saying SOL saw more trading than the…

Chainlink co-founder Sergey Nazarov believes a spot Bitcoin ETF will create a path for institutions to buy Bitcoin en masse, eventually leading to more blockchain products and services. Nazarov shared his insights during a recent interview with CNBC, discussing the transformative potential of blockchain technology in the traditional finance (TradFi)…

Ethereum layer-2 network zkSync’s Era faced a temporary block production halt today but is now back in full operation following a bug-related disruption that lasted over four hours. In a Dec. 25 post on X, the developers confirmed that a bug within its server triggered an automated safety protocol, causing…

Quick Take As 2023 draws to a close, analyzing options data provides revealing insights into Bitcoin’s perceived value. In the year-end options expiry on Dec. 29, $40,000 stands out as the distinct ‘call wall,’ a term used to describe the price at which the largest number of call options are…

Crypto-related investment products received $103 million in inflows last week, bringing the year-to-date flow to almost $2 billion. Data from CoinShares’ head of research, James Butterfill, showed that Bitcoin-related products saw $87.6 million of the total inflows recorded last week. This brings its monthly flow to $95.5 million and its…