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FTX Set to Distribute $1.6 Billion to Creditors in Third Major Payout

The FTX Recovery Trust is preparing to disburse approximately $1.6 billion to creditors on September 30th, marking the third significant distribution since the cryptocurrency exchange's collapse in November 2022. This latest payout aims to further recover assets for users affected by the implosion that sent shockwaves through

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Canada's Largest Crypto Bust: RCMP Seizes C$56 Million and Shuts Down TradeOgre

In a landmark operation, the Royal Canadian Mounted Police (RCMP) have seized over C$56 million (approximately $41 million USD) in cryptocurrency, marking Canada's largest digital asset seizure to date. The operation also led to the shutdown of the cryptocurrency trading platform TradeOgre within Canada, a first for

A gavel rests atop various cryptocurrency coins on a surface.

Democrats Scrutinize Trump's Crypto Czar David Sacks Over Special Government Employee Status

Democrats in Congress are raising concerns about the tenure of David Sacks, President Donald Trump's top advisor on cryptocurrency and artificial intelligence. They are questioning whether Sacks, operating under a "special government employee" (SGE) status, has exceeded the legally permissible 130-day work limit for such positions.

A pyramid with various cryptocurrency symbols floating around it.

PayPal Revolutionizes P2P Payments by Integrating Bitcoin, Ether, and PYUSD

Global payments giant PayPal is set to transform peer-to-peer (P2P) transactions by enabling users to send and receive cryptocurrencies directly within its platform. This significant move, announced on Monday, will allow users in the U.S. to transfer Bitcoin, Ether, PayPal's stablecoin PYUSD, and other digital assets across

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From Bitcoin Rigs to AI Powerhouses: Miners Chase AI's Lucrative Future

Bitcoin miners are increasingly converting their energy-intensive operations into high-performance AI data centers. Companies like Core Scientific, Hut 8, and TeraWulf are swapping specialized ASIC machines for powerful GPU clusters, attracted by the explosive growth and higher revenue potential of artificial intelligence. Key Takeaways * Bitcoin miners are repurposing their existing

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Wall Street Veteran Predicts Surge in Institutional Bitcoin Allocations by Year-End

Veteran Wall Street analyst Jordi Visser anticipates a significant increase in Bitcoin allocations by traditional financial institutions before the close of the year. This prediction aligns with growing institutional interest in the cryptocurrency market, as evidenced by recent surveys and the performance of spot Bitcoin ETFs. Key Takeaways * Traditional finance

Two cryptocurrency coins in front of a financial graph.

SEC Chair Charts Course for On-Chain Markets and Agentic Finance

U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has unveiled a forward-looking vision for the future of financial markets, signaling a significant shift towards embracing blockchain technology and artificial intelligence. Speaking at an international forum, Atkins outlined plans to modernize regulatory frameworks, foster innovation, and position the U.