Category: crypto
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Mt. Gox extends creditor repayment deadline to 2026
Mt. Gox has extended its creditor repayment deadline to Oct 31, 2026, marking the third delay since the original deadline of October 2023. The extension was approved by a Japanese court to ensure more creditors receive their payments, with many already paid but some facing issues. Mt. Gox’s history includes a hacking incident in 2014…
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American Bitcoin nears 4,000 BTC in treasury milestone
American Bitcoin has increased its treasury to 3,865 BTC through acquisition and mining. The company introduced a new metric called Satoshis Per Share, showing a 52% increase since September. The company’s strategy focuses on retaining mined supply rather than selling to cover operations, aiming to increase Bitcoin value per share efficiently.
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Swiss MP wants Bitcoin in the constitution and on national reserves
Swiss MP Samuel Kullmann is pushing to incorporate Bitcoin into Switzerland’s constitution and national reserves. Despite opposition from the Swiss National Bank due to volatility and policy concerns, Kullmann is working on a popular initiative to allow citizens to vote on government programs, including Bitcoin adoption. Other Swiss banks are already accepting cryptocurrencies.
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Indian court freezes XRP redistribution after $230 million hack
The Madras High Court ruled against WazirX redistributing user’s XRP holdings after a hack in 2024, stating that cryptocurrencies are considered property under Indian law. The court rejected WazirX’s plan to spread losses from the hack among all users, and directed the company to maintain the affected user’s XRP tokens.
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Dow opens 250 points up as US-China trade talks buoy stocks
US stocks, including the Dow Jones Industrial Average, rose on Monday amid optimism about a potential US-China trade deal. The Federal Reserve is expected to cut interest rates in October. Big Tech companies like Alphabet, Microsoft, and Apple are set to release their earnings reports this week, driving positive sentiment on Wall Street.
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MYX Finance integrates Chainlink data standard to power next-gen perps markets
MYX Finance has integrated Chainlink data standard to enhance their next-generation perpetual markets. This integration will allow MYX Finance to access reliable and secure data from Chainlink, improving the efficiency and reliability of their trading platform.
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Western Union pilots stablecoin settlement system to modernize remittances
Western Union is testing a stablecoin settlement system to improve the efficiency of remittances. The system aims to provide a faster and more secure way to transfer money internationally. This move is part of Western Union’s efforts to modernize its services and adapt to changing technology in the financial industry.
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SharpLink Gaming loads up Ethereum treasury with $78m as price reclaims $4,200
SharpLink Gaming has increased its Ethereum treasury by purchasing 19,271 ETH, bringing its total holdings to over 859,000 ETH valued at more than $3.6 billion. The company is among the top global corporate holders of Ethereum. With ETH trading near $4,240, bulls are eyeing a breakout above $4,250.
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Bitplanet begins Bitcoin treasury plan with 93 BTC purchase
South Korea’s Bitplanet has started a daily Bitcoin accumulation program, buying 93 BTC on Oct. 26 to build a 10,000 BTC treasury. This is Korea’s first regulated Bitcoin purchase by a listed firm. Bitplanet aims to become a Bitcoin treasury company, complying with regulations and strengthening governance systems.
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Crypto market shakes off record liquidation: Bitmine chair
Tom Lee of Bitmine Immersion Technologies believes that the worst of the recent crypto deleveraging event may be over, with a potential year-end rally in sight. Despite a significant liquidation triggered by U.S.-China tensions, Bitcoin and Ethereum are showing resilience, with improving technicals indicating market stabilization. JPMorgan’s plan to accept Bitcoin and Ether as collateral…