CoinShares Sells FTX Claim, Secures $39M Return
CoinShares has announced the successful sale of its FTX claim and will reinvest $39.78 million from the sale into growth opportunities and enhanced client services An official press release reports that the agreement, which is still subject to customary closing conditions, is expected to result in a recovery rate of 116% net of broker fees. […]
Mt. Gox to Begin Bitcoin, Bitcoin Cash Repayments in July 2024
Now-defunct Mt. Gox crypto exchange will proceed with the repayment of its defunct users in Bitcoin (BTC) and Bitcoin Cash (BCH) starting July 2024 after over a decade. On June 24, the exchange issued a written note announcing that the rehabilitation trustee of Mt. Gox will commence the processing of reparations in Bitcoin and Bitcoin […]
BTC, ETH Transaction Fees Drop to Lowest Level in 7 Months
The crypto market has experienced one of its harshest weeks in 2024, and Bitcoin (BTC) and Ether (ETH) transaction fees have plummeted to their lowest levels in several months. The average Bitcoin transaction fee reached $1.93 per transaction on June 23, the lowest level since October 2023. The Bitcoin network’s low gas fee indicates diminished […]
Burak Introduces New Layer-2 ‘Brollups’ for More BTC Use Cases
Burak, a Bitcoin Lightning developer/hacker, is developing a new Bitcoin layer-2 known as Brollups, designed to bring more DeFi use cases to Bitcoin. Bitcoin developer “Burak,” who also developed Ark Protocol, a Lightning Network competitor, last year, has introduced “Brollups.” According to Burak, Brollup is a layer-2 that provides a Bitcoin-native roll-up design, which enables […]
South Korean Think Tank Calls for More Research on Crypto ETFs
A finance and economics-focused think tank in South Korea cautions users against spot crypto ETFs, calling for more research and regulatory measures. In a paper, researcher Bo-mi Lee of the Korea Institute of Finance contended that the losses in spot Bitcoin and Ether ETF results in various jurisdictions worldwide outweigh the benefits. Spot crypto ETFs […]