FTX will initiate repayments to Convenience Class creditors on Feb. 18, 2025, nearly three years after its November 2022 bankruptcy filing. FTX Creditors to Receive First Distributions Starting Feb. 18, 2025 Eligible creditors in FTX’s Convenience Classes can expect funds within 1-3 business days starting Feb. 18, according to a Feb. 7 announcement. Distributions are
The University of Austin has made a bold move into the world of digital assets by launching a dedicated $5 million bitcoin fund as part of its $200 million endowment. The university partnered with Unchained, a bitcoin financial services company, to launch the fund, and is now the first U.S. university to allocate a portion
The European Union has launched its AI regulation efforts, focusing on definitions, literacy, and prohibitions on high-risk AI. Vladimir Lelicanin, highlights the challenges of risk assessments and documentation for smaller businesses. EU AI Act: Industry, Rights Groups Split On Feb. 2, the European Union (EU) launched its effort to regulate artificial intelligence (AI) by unveiling
The launch of Berachain’s BERA token has reignited debates over venture capital-backed (VC) coins, with critics pointing to its low circulating supply and high fully diluted valuation (FDV) as key concerns. Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers. The Controversy After an initial 71% surge, BERA plunged 63%.
A Kenyan law enforcement agency said it regained control of its X and Facebook accounts on Feb. 9, just hours after hackers used them to promote a fake cryptocurrency. Hackers Offer Tokens for Likes Kenya’s Directorate of Criminal Investigations (DCI) announced Feb. 9 that it had regained control of its X and Facebook accounts from
Russia and India now conduct nearly 90% of direct transactions in their national currencies, deepening financial ties and accelerating the global shift away from the U.S. dollar. Moscow and New Delhi Tighten Financial Ties—Is the Dollar Era Ending? Countries worldwide are increasingly shifting away from reliance on the U.S. dollar in international trade, a process
The Central African Republic ($CAR) token grabbed huge popularity but later faced a significant downfall. CAR president called it a very big success for a meme token. Introduction: Central African Republic (CAR) is a landlocked country in Central Africa. Its capital is Bangui. It is one of the poorest countries in the world, with a
Tesla’s SEC filing reveals 11,509 bitcoin worth $1.119 billion, with a $589 million unrealized gain under new accounting rules, reinforcing its bullish crypto position. Tesla Reports $1.07 Billion in Bitcoin Tesla Inc. filed its annual 10-K report with the U.S. Securities and Exchange Commission (SEC) on Jan. 29 for the fiscal year ended Dec. 31,
Top Crypto Headlines: Strategy Acquires 7,633 BTC, Gate Collabs Red Bull Formula 1, CAR Launches Meme Token – Bitcoinik Home Bitcoin News Top Crypto Headlines: Strategy Acquires 7,633 BTC, Gate Collabs Red Bull Formula 1, CAR Launches Meme Token Source link
As bitcoin hovers just above $97,000 per unit, conversations are intensifying over the possibility of a future supply squeeze. On Monday, digital asset manager Bitwise highlighted a crucial reality: if corporations and governments seek to acquire substantial quantities of BTC, they will need to persuade current holders to part with their assets—a task that may