SoFi Bank to start using Bitcoin for cross-border payments
SoFi will enable instant cross-border transfers using Bitcoin and UMA. Transfers will convert USD to Bitcoin via Lightning, then to local currency. The service will first launch in Mexico with…
Over 30% of new crypto users start with meme coins, says Gemini’s 2025 report
94% of meme coin holders also invest in Bitcoin and Ethereum later. US leads in meme coin adoption, with 31% starting their crypto journey with them. Meme coins now have…
The FTX estate plans to start distributions by March 2025
FTX plans to start distributing $16 billion to creditors by March 2025. Distributions will begin 60 days after the Chapter 11 plan becomes effective in Jan. Customers must complete KYC…
Genesis Trading has moved 12.6k BTC to Coinbase, signaling start of asset liquidations
Genesis Trading has transferred 12,600 BTC ($719.9M) to Coinbase, possibly for asset liquidations. Resent settlement with NY requires $2B repayment, impacting Genesis’ financial strategy. The BTC transfer suggests Genesis aims…
Bitcoin approaches its $69k all-time high price: Should you start buying BTC-related projects?
Key takeaways BTC continues to trade around $62k as it closes in on its all-time high price. Bitcoin Dogs’ presale will end in 12 days and has already raised over…
Tether plans to start publishing real-time reserve reports in 2024
Tether is planning to introduce real-time reserve data reporting by 2024. Tether currently updates its reserve data daily and issues monthly and quarterly reports, According to its Q2 attestation Tether…
Embattled crypto lender Celsius wants to start repaying customers by year-end
Key takeaways Celsius is seeking court approval to start repaying customers in the coming weeks. The company will repay its creditors using Bitcoin and Ethereum and stock in the new…
After 8 years, Mt. Gox creditors may start receiving their BTC this month
Mt.Gox Bitcoin exploit took place in 2014. The exploit remains the largest Bitcoin exploit in the history of cryptocurrencies. Mt.Gox creators may however start receiving their bitcoins this month. Mt.Gox…
The global crypto meltdown: Is it the end or just a new start?
Cryptocurrency, volatility and the risks therein. What’s crypto’s long-term viability, including the impact of decentralised finance (DeFi). Are Central Bank Digital Currencies (CBDCs) evidence that crypto is here to stay?…
BitMEX’s BMEX token to start trading on Friday
BMEX token is set to start trading this week after the cryptocurrency exchange announced its development last year. Crypto exchange Bitmex has announced that its native BMEX token will start…