Author: John Smith

FTX has confirmed its readiness to begin repayments for Bahamas creditors this month, ahead of larger disbursements expected in Q1 2025. FTX Bahamas will start creditor repayments on Feb. 18 via BitGo, one of its distribution partners selected during bankruptcy restructuring hearings. Sunil Kavuri, a spokesperson for the largest FTX creditor group noted that individual Bahamas payment claims would be capped at $50,000. The court-approved reorganization plans became effective from Jan. 3, requiring creditor repayments to begin within 60 days. Court filings showed that the defunct crypto exchange has $13 billion in payout reserves.  However, the estate has filed to…

Senator Bill Hagerty is set to introduce a new stablecoin bill as the largely crypto-friendly Republican Party seeks further regulatory clarity for the industry. The bill dubbed “Guiding and Establishing National Innovation for US Stablecoins” or GENIUS Act, outlines a regulatory environment for the quickly expanding stablecoin market in the United States. Tether’s (USDT) and Circle’s (USDC) are currently the two top stablecoins by market share. Hagerty confirmed the bill’s introduction via a post on X. Bloomberg reported on the development earlier in the day. The legislator noted: “Today, I’m introducing the GENIUS Act with Senator Tim Scott, Sen. Gillibrand, &…

Altcoins like Floki, AAVE, Jasmy, and ApeCoin are seeing increased whale activity as volatility in the crypto industry rises. Floki (FLOKI), a popular meme coin, saw its whale activity increase by 286% in the last seven days. Similarly, Santiment data shows that AAVE (AAVE), JasmyCoin (JASMY), ApeCoin (APE), and Cronos (CRO) have seen their whale activity jump by over 144% in the last seven days.  These whale purchases may indicate that investors are buying the dip, as these coins have fallen sharply this month. Floki has dropped by over 70% from its highest level in 2024 and is hovering near…

Travala, a crypto-friendly travel booking platform, has integrated with Trivago, enabling travelers to book over 2.2 million properties using more than 100 cryptocurrencies. The partnership marks another step toward mainstream crypto adoption in the travel industry. The company believes that traditional travel providers are increasingly exploring digital assets as payment methods. Travala has already partnered with Skyscanner, aligning itself with major travel platforms such as Expedia and Booking.com. The collaboration also introduces crypto rewards for travelers, allowing users who book through Trivago to earn Bitcoin (BTC) and Travala’s native loyalty token, AVA.  Travala supports over 100 cryptocurrencies, including Ethereum (ETH),…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A new token, Agent A.I., is gaining traction, drawing comparisons to SHIB as investors eye its potential in a surging market. A new token, priced fractionally, is gaining attention as a potential breakout star. Mirroring past successes of memecoins like SHIB, this low-cost token is poised for massive growth. Enthusiasts are buzzing about its potential to echo similar explosive gains witnessed in the crypto space. With the bull market surging, eyes are turning toward the next big hit. This…

Pepe price has crashed by 65% from its all-time high and is at risk of more downside as smart money investors flee and a death cross nears.  Pepe (PEPE) dropped below the key support level at $0.000011 and is hovering near its lowest level since Nov. 7 last year. Nansen data shows that the number of smart money investors holding Pepe has dropped to 68, down from last year’s high of 91. Similarly, the number of tokens these investors hold has dropped from 12.32 trillion in February last year to 9.52 trillion.  Pepe smart money investors | Source: Nansen Pepe’s…

Berachain’s mainnet is set to launch on Feb. 6, over a year after the project released its public testnet and secured over $100 million in funding. This week, an Ethereum Virtual Machine-compatible layer-1 blockchain called Berachain will roll out its mainnet for on-chain users after years of development. An X post from the Berachain Foundation confirmed the L1 mainnet is scheduled for a Feb. 6 launch. “TGE will occur at the same time as mainnet launch,” the foundation wrote, referring to the token generation event for Berachain’s ecosystem. From Feb. 5, users can also view the project’s tokenomics and check…

On Feb. 3, the crypto market faced a severe downfall, with over $2.3 billion in leveraged crypto positions being liquidated within 24 hours. One of the alternative estimations points out $8 to $10 billion in crypto liquidation. Is this downfall a record-breaking? Many crypto influencers call the Feb. 3 crypto crash the worst in history, calling it worse than the FTX and Terra Luna collapse or even saying it is more severe than the COVID-related plunge that saw Bitcoin losing over 50% of its value in a single day. $2 BILLION LIQUIDATIONS!! MORE THAN DURING FTX & COVID!!!!!!DO NOT FORGET!…

Semler Scientific has expanded its Bitcoin holdings, acquiring an additional 871 BTC for $88.5 million. Between January 11 and February 3, Semler made this Bitcoin (BTC) purchase, which was funded through proceeds from a senior convertible notes offering and the partial monetization of its stake in Monarch Medical Technologies, according to Semler’s press release. With this latest acquisition, Semler Scientific now holds 3,192 BTC, purchased at an average price of $87,854 per Bitcoin, totalling $280.4 million. The company has reported a year-to-date BTC Yield of 21.9%, with a 152.2% return since adopting its Bitcoin treasury strategy in July 2024. Chairman…

The United Arab Emirates (UAE) government and cryptocurrency project Shiba Inu have partnered to promote Web3 innovation and growth in the country. In an announcement shared with crypto news, Shiba Inu (SHIB) stated that the collaboration involves the UAE’s Ministry of Energy and Infrastructure. It marks the first major partnership between a UAE government entity and a crypto project. As part of this collaboration, the MoEI and Shiba Inu have signed a memorandum of understanding under which the MoEI will leverage Shiba Inu’s platform to integrate Web3 solutions into key sectors such as energy and infrastructure. The Shiba Inu team…