cryptocurrency

Genesis creditors expect 80% recovery under proposed restructuring plan

A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group (DCG), and lenders will see borrowers get back at least 80% of their funds. On February 6, Genesis Global announced that it reached an “agreement in principle” with Digital Currency Group (DCG) and its creditors, which will eventually sell its …

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How Bitcoin Ordinals Can Change the Future of Mining

The sudden emergence of registered Bitcoin blocks has been met with criticism, but it offers a glimpse of how Bitcoin block space will evolve. This is an opinion editorial by Zack Voell, a researcher of bitcoin mining and markets. A specter haunts the Bitcoin blockchain: the specter of JPEGs. Using data storage features of the …

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DCG Creditor Pact revealed with plan to sell Genesis Trading Unit as part of bankruptcy

“Under the settlement, DCG would contribute that entity, (Genesis Global Trading), to (Genesis Global Holdco) … that will happen on the effective date,” O’Neal said. “In the meantime, we will really do marketing in these cases and try to sell not only the assets of debtors, but also GGTs, because they form a nice package, …

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How VV controls the latest ‘Open Edition’ NFT Meta

Don’t check, verify. It is one of the few sounding crypto-native statements that has stuck over the years. NFTs are like any other ‘corner’ of crypto; there are cycles, metas, and many instances of false hope, unexpected successes, and everything in between. The latest paradigm shift in NFTs has come courtesy of Jack Butcher, an …

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Digital bank Revolut launches crypto strike for UK and EEA customers: Report

In the United Kingdom-based neo-banking platform Revolut, which has 25 million customers worldwide, has introduced crypto-staking to its customers in the United Kingdom and European Economic Area (EEA). According to a report by London-based news agency altfi, the staking feature is expected to go live this week, allowing users to generate income on their crypto …

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Decentralized lending protocol Clearpool to start institutional lending platform

Clearpool is a blockchain-based credit marketplace that connects borrowers with borrowers by hosting loan pools. Lenders, when they provide liquidity to a pool, receive so-called cpTokens that are specific to the pool in return. Those who hold the protocol’s governing token, CPOOL, can participate in voting and stake their tokens to earn rewards. So far, …

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AI Tokens Lead Crypto Market Gains as Institutional Investors Bet Big on Technology

Since the launch and popularity of Open AI’s ChatGPT, AI tokens have done incredibly well in the market. This performance has continued despite the crypto market retreat with AI tokens remaining green in a sea of ​​red. However, this achievement may just be starting because institutional investors are throwing their hats into the ring with …

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Bitcoin trader fears a bear market comeback: Watch the US dollar

Bitcoin (BTC) remained motionless at the February 6 Wall Street open as analysis showed an “interesting dynamic” at play on BTC price charts. BTC/USD 1-Hour Candlestick Chart (Bitsstamp). Source: TradingView Bitcoin: Golden cross meets dead cross Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it defied early trade from US stocks to remain …

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Why Multisig is essential for anyone who believes in Bitcoin

Anyone holding a non-trivial amount of bitcoin should consider multisignature security, including how to mitigate potential attacks. This is an opinion piece by Anant Tapadia, a computer engineer and contributor to Bitcoin self-governance projects Bitcoin Keeper and Hexa Wallet. Multisignature security, or “multisig,” offers a different set of security guarantees than single-signature (singlesig) solutions cannot. …

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