Category Crypto Page 4 of 4
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Mark Karpeles Plots His Comeback With a New Business
A decade after the infamous Mt. Gox hack that led to the loss of 850,000 bitcoins, French entrepreneur Mark Karpeles is preparing for a comeback. As the former CEO of Mt. Gox, once the world’s largest bitcoin exchange, Karpeles was a pioneering yet controversial figure in the early days of cryptocurrency.
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Alameda Cashes Out, Lawsuit Dropped as Grayscale Opens Floodgates
With Grayscale’s Bitcoin Trust now freely allowing redemptions, the collapsed trading firm Alameda Research has swiftly dropped its lawsuit seeking to unlock its trapped investments in the fund. The move appears aimed at swiftly freeing up Alameda’s shares to sell off amidst a rush of withdrawals.
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Figure Aims to Issue First SEC-Approved Interest Stablecoin
Blockchain lending startup Figure Technologies is pursuing a novel path to launch the first SEC-regulated, interest-bearing stablecoin in the US. The move could pave the way for a new class of stablecoins with federal oversight if the issuance is approved.
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Ripple Goes on $285M Share Buyback Spree to Give Investors Liquidity
Ripple Labs, the company behind the XRP cryptocurrency, is launching a massive $285 million share buyback program to provide liquidity for early investors and employees. This tender offer would value Ripple at $11.3 billion - allowing shareholders to sell up to 6% of their stake.
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Circle's IPO Filing Adds Momentum to Crypto's Mainstream Push
Digital payments company Circle filed confidential IPO paperwork this week, the latest crypto-adjacent name exploring the public markets. After aborted SPAC deals last year, Circle seems ready to showcase the crypto economy’s investment potential to public investors.
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Floodgates Open as US Approves First Spot Bitcoin ETFs for 11 Issuers
The U.S. Securities and Exchange Commission (SEC) has approved the first applications for spot bitcoin exchange-traded funds (ETFs) from 11 different issuers after denying similar proposals for over 10 years.
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Ethereum Surges on Proof-of-Stake Simplification Plan
Ethereum, the second-largest cryptocurrency by market capitalization, saw its price jump this week after co-founder Vitalik Buterin unveiled a proposal to streamline its proof-of-stake (PoS) system. The simplification could boost decentralization and make it easier for regular users to participate in securing the network.