Articles for category: Crypto

September 19, 2025

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Stellar Shines at Meridian Conference: Spotlight on RWAs and the Future of Finance in Emerging Markets

The recent Meridian conference, organized by Stellar, took place in Rio de Janeiro from September 17 to 18, 2023, marked a significant gathering for the decentralized finance (DeFi) community. As an early pioneer in the blockchain space since its inception in 2014, Stellar leveraged this event to promote its commitment to enhancing its ecosystems for real-world assets (RWAs) and DeFi solutions. This year’s Meridian conference followed the rollout of Stellar’s Protocol 23 upgrade, known colloquially as “whisk.” This technical update was designed to improve both the affordability and speed of transactions on the Stellar network. Coming one year after the

September 19, 2025

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FTX to Disburse $1.6 Billion to Creditors on September 30 Amid Ongoing Bankruptcy Process

The beleaguered cryptocurrency exchange FTX is poised to initiate a significant repayment to its creditors, amounting to $1.6 billion, starting September 30. This marks the third substantial payout from the exchange’s bankruptcy estate since its abrupt collapse nearly three years ago. In a statement released on Friday, the FTX Recovery Trust, which is responsible for managing the ongoing bankruptcy proceedings, confirmed that the distribution would commence on the designated date. Creditors who have successfully undergone the verification process on the FTX claims portal will be eligible to receive their funds. The payments will be facilitated through service providers including BitGo,

September 19, 2025

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FTX Recovery Trust Allocates $1.6 Billion for Creditor Disbursements This Month

The FTX Recovery Trust, the organization tasked with distributing funds from the defunct crypto exchange, has announced its plans to release a significant third tranche of payments to creditors, totaling approximately $1.6 billion. This distribution is set to occur on September 30, 2023, with funds expected to reach creditors’ accounts within three business days following the payment date. This round of disbursements will see diverse allocations for various types of claims, including a 6% payout to Dotcom Customer claims, a 40% distribution for US Customer Entitlement Claims, and a 24% distribution for General Unsecured Claims along with Digital Asset Loan

September 19, 2025

viralnado

FTX Recovery Trust to Disburse $1.6 Billion to Creditors by Month-End

The FTX Recovery Trust, dedicated to managing the distribution of funds following the collapse of the cryptocurrency exchange, has announced a significant payout to creditors totaling approximately $1.6 billion. This third batch of disbursements is set to be released on September 30, with funds expected to be accessible to creditors within three business days after the release date. In its recent announcement, the Recovery Trust detailed the allocation of funds for this distribution. It included a 6% payout for claims submitted by Dotcom customers, a 40% allocation for U.S. customer entitlement claims, and a 24% disbursement for general unsecured claims

September 19, 2025

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Hypurr NFT Collection’s Floor Price Soars to $100,000 Ahead of Official Launch

The much-anticipated Hypurr NFT collection, linked to the popular perpetual trading platform Hyperliquid, has captured the attention of the crypto community as its floor price reaches an impressive $100,000 on secondary OTC markets. This dramatic surge in value comes prior to the NFTs’ official launch, which is set for later this year. Recently, the Hypurr NFTs have made headlines by achieving multiple sales exceeding $80,000 in September alone, with the highest recorded sale at $88,000, which equates to approximately 1,585 HYPE tokens. This noteworthy activity reflects the increasing demand for the unreleased collection, which has positioned itself as one of

September 19, 2025

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FTX to Disburse $1.6 Billion to Creditors on September 30 Amid Ongoing Bankruptcy Proceedings

In a significant move for its creditors, FTX, the crypto exchange that declared bankruptcy almost three years ago, has announced plans to distribute $1.6 billion by the end of September. This payout represents the third large-scale redistribution of funds aimed at compensating those who suffered losses due to the exchange’s collapse. The FTX Recovery Trust, which manages the bankruptcy process, made the announcement on Friday, indicating that distributions will kick off on September 30 for all creditors who have successfully verified their claims through the FTX claims portal. The disbursed amounts will be facilitated via established service providers including BitGo,

September 19, 2025

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PayPal and Google Innovate Crypto Payments, Miners Adapt to New Challenges

In a transformative shift within the cryptocurrency landscape, services are now taking precedence over speculation as major players like PayPal and Google unveil innovative approaches to digital asset transactions. This week’s developments highlight significant advancements in peer-to-peer payments, AI-driven infrastructures, and the evolving economics of Bitcoin mining. PayPal Introduces Peer-to-Peer Cryptocurrency Transfers PayPal is set to expand its cryptocurrency capabilities through a new feature dubbed “PayPal links.” This initiative will enable users in the United States to send and receive various cryptocurrencies directly within the PayPal and Venmo platforms, eliminating the need for external exchanges. The feature works by generating

September 19, 2025

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Unpacking Trusted Execution Environments: Paving the Way for Secure Blockchain Applications

As the blockchain ecosystem continues to mature, the pursuit of scalable and secure solutions is attracting notable attention. One innovative approach gaining traction is the use of Trusted Execution Environments (TEEs), which have shifted from primarily serving privacy-centric projects to playing a crucial role in enhancing scalability and facilitating secure offchain computations. Currently, over 50 development teams are actively engaged in TEE-based blockchain initiatives, highlighting the technology’s expanding relevance. This article delves into the technical underpinnings of TEEs within blockchain systems and explores the significant use cases emerging from this groundbreaking technology. The Mechanics Behind TEEs Traditional blockchain systems primarily

September 19, 2025

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Cautious Trading in Crypto Markets: Bitcoin Stagnates While Altcoins Surge

The cryptocurrency market remains in a cautious state of trading as investors await new catalysts following the recent interest rate cut by the Federal Reserve. Bitcoin (BTC) has found itself moving within a narrow range, with its next significant resistance level identified at $118,000, challenging bullish traders to break through this threshold. Notably, open interest in Bitcoin futures has seen a marked increase, reaching 149,000 BTC, which ends a previous two-month decline. This uptick could indicate renewed capital inflows, potentially leaning towards bearish sentiment, as the three-month annualized premium hovers below 10%. In contrast, smaller cryptocurrencies have shown impressive momentum,

September 19, 2025

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Ethereum Poised for 75% Surge Against Bitcoin by Year-End, Chart Patterns Suggest

Ethereum’s primary cryptocurrency, Ether (ETH), is showing strong signs of a potential upward trajectory against Bitcoin (BTC), with projections indicating a possible increase of up to 75% before the year concludes. This bullish outlook is supported by the recent formation of a classic technical pattern on Ethereum’s weekly price charts. Since early September, the ETH/BTC trading pair has been developing an inverse-head-and-shoulders (IH&S) formation. This pattern consists of three distinct troughs, with the central dip being the most pronounced, all aligning beneath a key resistance level at 0.0420 BTC. The implications of this setup are significant, as it sets the