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Digital Currency Group (DCG), the parent company of the insolvent crypto lending platform Genesis, has entered into an in-principle agreement with Genesis creditors to resolve the claims. Up to 90% of funds may be recovered as part of the amended filing . Upon the amendment, unsecured creditors of the crypto lender could reclaim 70% – 90% of their funds in United States dollars (USD). Alternatively, they could recover between 65% and 90% of their claims in digital assets, depending on the denomination of the digital asset. DCG also devised a new plan to repay “$630 million in unsecured loans due in May 2023, and $1.1 billion under an unsecured promissory note due in 2032.” The plan includes DCG entering into two new debt facilities: “a $328.8 million first-lien facility with a 2-year maturity and an $830 million second-lien facility with a 7-year maturity.” DCG will also make installment payments of $275 million before the plan becomes effective. In exchange, DCG and its related p...

Market observers and investors have worried about the market’s growing volatility after the Fed flagged ongoing high inflation. Of course, the financial system is broken, so if the Fed keeps raising, bedlam is dead ahead. Bitcoin (BTC) has been in a sideways trend for the past few weeks, with prices hovering around $26,000. As shown by CoinMarketCap’s data, many times did the largest cryptocurrency dipped below $25,900 last week, making August its worst month of the year. Ethereum has struggled to rebound above $1,800, the opening mark of the month. The largest altcoin by market cap is traded at $1,633 at the press time, a 2% loss in a day and a 12% loss in a month. Similar losses are also reflected in other top altcoins like Ripple (XRP), Binance Coin (BNB), Cardano (ADA), Dogecoin (DOGE), and TRON (TRX). The biggest gainers are CRO, DYDX, and FIL. CRO is up 4.54%, DYDX is up 3.19%, and FIL is up 3.04%. These altcoins are all seeing strong gains today. Bitcoin’s Worst Month A...

Launched in 2020, Duelbits is designed to be a gateway to the world of gambling. Duelbits provides players with an exceptional gaming experience. Whether you are a fan of classic casino favorites, like thrilling slots and strategic table games, or crave the authenticity of live casinos with professional dealers, Duelbits has it covered. In addition, by taking advantage of blockchain technology, every outcome in the platform’s provably fair games is determined by genuine randomness, ensuring transparency and trust in the gambling space. What Is Duelbits? Web3 platforms are moving quickly and approaching mass adoption with digital currencies. Central Banks are already thinking about digital currency strategies and gamers are already embracing Metaverse games. Online casino platforms are getting a lot of attraction, but searching for the best online casino is difficult. It’s not easy for users to find a platform that can provide robust levels of security and also play fair amid a ...

LandRocker is a Play-to-Earn game about discovery and space exploration. It is the only Play-to-Earn platform that uses Blockchain technology as the core of its reward distribution and validation system. Rewards are hidden directly on the blockchain, making their location unpredictable even to the platform’s developers, meaning it provides complete trust and ensures that there’s no speculation as to the fairness of reward distribution. The “Metaverse” has been making waves in the world of technology and virtual reality since it was born as it’s a fully immersive experience. What makes it attractive is it’s a place where people can work, play, and socialize in a way that is more immersive and engaging than anything that has come before. What Is LandRocker All About? With the advancement of the metaverse evolution, a new concept of gaming, known as Metaverse Gaming, now provides a variety of options that are highly relevant to our daily lives. People love games, and now LandRocker...

According to Coinbase’s post on August 22, the cryptocurrency exchange and the issuer of USDC Circle have reached a strategic agreement to “unlock additional utilities and grow the USDC ecosystem.” Coinbase reportedly invested in Circle Internet Financial, the firm behind the second-largest stablecoin . While the exact value of the deal remains undisclosed, this partnership promises to reshape the landscape of stablecoins and how they are managed. More Support for USDC Center Consortium, a member-based consortium founded by Coinbase and Circle handling governance and issuance of USDC, will be dissolved as part of the agreement. With this dissolution, Circle is now in complete control over the supply, issuance, and management of USDC. To wit, “The new structure will streamline the operations and governance, and enhance the direct accountability of Circle as the issuer, including holding all the smart contract keys, complying with regulations on governance of reserves and enabling...

Traveling the world is an exhilarating pursuit that opens our minds to new cultures, experiences, and adventures. But amidst all the excitement and adrenaline rush, the complexities of managing finances can often become a hindrance. But fear not, for LYOPAY Pro has arrived, revolutionizing the way travelers navigate their financial needs, ensuring smooth and hassle-free journeys. Enjoy Your Very Own Digital Wallet At the heart of LYOPAY Pro lies its remarkable crypto wallet, a game-changer for modern travelers. This innovative feature enables quick and simple transfers between your LYOPAY wallet and external wallets, giving you full control over your cryptocurrency funds. Need to convert your crypto into traditional currency? LYOPAY Pro offers access to some of the best rates, ensuring your transactions are conducted seamlessly, efficiently, and with full transparency. Bid farewell to hidden or unexpected fees and welcome a new era of financial clarity. With LYOPAY Pro’s streamlin...

With the interest and investment in cryptocurrencies having surged over the past few years, the requirement for safe and secure exchanges to facilitate the purchase of crypto has become increasingly important. One of the most popular exchanges that is currently available is Coinbase . Launched in San Francisco in 2012, Coinbase operates in 32 countries and has served over 12 million customers to exchange over $40 billion in digital currencies. By 2013, Coinbase was the highest funded Bitcoin startup as well as the largest exchange of cryptocurrency in the world. Unlike other exchanges that require users to trade on a market, Coinbase allows users to trade their cryptocurrency at a set price that is based on their market value, which allows users to purchase their cryptocurrencies faster than other exchanges. Coinbase is one of the easiest exchanges to use to purchase Bitcoin & other cryptocurrencies with fiat via Bank Transfer, Credit Card, Debit Card & Even PayPal. Rea...

Crypto investors brace more pain as Bitcoin and top altcoins fell sharply. The greed and fear index is currently in the “fear” zone. The crypto market lost over $1 billion in the past 24 hours. Bitcoin, the world’s largest cryptocurrency, was down below $26,000 for the first time since June 2023. Ethereum, the second-largest cryptocurrency, also fell sharply, dropping below $1,700. Other top altcoins also suffered major selloffs in the last 24 hours, with Binance Coin (BNB), Cardano (ADA), Solana (SOL), Polkadot (DOT), and Polygon (MATIC) losing from 5% to 8% their value, according to data from CoinMarketCap. Why is the Market Down? The most significant loss went to Ripple (XRP), which was down 15% in a day. The coin’s recent crash is presumably fueled by the news that Judge Analisa Torres just allowed the US Securities and Exchange Commission (SEC) to file an appeal that requests a review on the court’s verdict of the legal case between Ripple Labs and the US securities regulator...

Despite the ongoing battle between Coinbase and the SEC, the company managed to achieve a major milestone by entering the futures market. Coinbase Financial Markets, Inc., part of the leading cryptocurrency exchange in the US, has finally gained regulatory approval to offer crypto futures trading to eligible customers within the country. This long-awaited permission marks a “watershed moment” for Coinbase, which has been reportedly awaiting the green light since 2021. Under the approval of the National Futures Association (NFA), Coinbase is now an authorized futures commission merchant (FCM). The NFA is a self-regulatory organization designated by the Commodity Futures Trading Commission (CFTC) to oversee the futures industry. Futures contracts are a type of financial derivative products that allow traders trade based on the future price of an underlying asset, offering potential opportunities for profit through both long and short positions. Futures At Coinbase Coinbase has bee...