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Mt Gox payments delayed again, deadline extended to 2025
The defunct Japanese cryptocurrency exchange, Mt Gox on Thursday dropped a crucial update about its repayment schedule and procedure. It has extended the deadline to compensate creditors to October 31, 2025. This gives more time to those who were facing issues during the reimbursement process. Despite nearing completion for creditors who followed the process smoothly, […]Cryptopolitan
Oct 10, 2024
South Korea to investigate Upbit as concerns over monopoly and market risks grow
The South Korean Financial Services Commission (SFC) chairman, Kim Byung-hwan, has announced an investigation into UpBit’s dominance in the country’s virtual assets market sector. Kim described the monopolistic structure as worthy of regulators’ attention while speaking at the State Audit of the National Assembly Political Affairs Committee. Kim’s comments were in response to questions by […]Cryptopolitan
Oct 10, 2024
ZetaChain introduces instant rewards, moves beyond airdrops
ZetaChain, the blockchain platform focused on powering universal apps across multiple chains, has disclosed a new reward system called Instant Rewards. This new method is different from traditional cryptocurrency incentive models such as airdrops and points-based systems. ZetaChain addresses challenges of airdrops The introduction of Instant Rewards comes as ZetaChain acknowledges the growing challenges associated […]Cryptopolitan
Oct 10, 2024
WazirX selects 10 creditors for the CoC but there is a catch
WazirX has selected 10 creditors to form a Committee of Creditors (CoC), but the process has raised some transparency concerns among investors on X. The identities of the members remain anonymous, as stated by the company earlier. Despite the company commencing its restructuring process, India is struggling to compete with its Asian peers in crypto […]Cryptopolitan
Oct 10, 2024
FTX investors drop lawsuit against law firm Sullivan & Cromwell
FTX investors have decided to back down from their legal battle against Sullivan & Cromwell. The group, which had previously accused the law firm of playing a part in the multi-billion-dollar fraud linked to FTX, officially informed a federal court in Miami on Wednesday that they were withdrawing their proposed class action lawsuit. Bankruptcy examiner’s […]Cryptopolitan
Oct 10, 2024
Dubai virtual asset regulator issues cease and desist orders for 7 VASP entities
The Virtual Assets Regulatory Authority (VARA) in its efforts to toughen up with regards to supporting and keeping the public safe has announced that as part of its enforcement program it will issue, cease and desist orders along with accompanying fines to 7 entities for operating without a license and for breaching marketing regulations. In […]Cryptopolitan
Oct 10, 2024
Exposing Satoshi Nakamoto’s real identity would cripple the entire crypto industry
Satoshi Nakamoto. That name has been driving the world crazy for over a decade now. Who is it? A single person? A group? A man? A woman? An American? A brilliant Japanese recluse? A government? No one knows.Cryptopolitan
Oct 10, 2024
China transfers 7,000 ETH connected to the PlusToken scam
A crypto researcher has revealed that the Chinese government transferred 15,700 ETH linked to the multi-billion PlusToken Ponzi scheme from its wallets and 7,000 ETH to crypto exchanges, raising concerns over imminent liquidations.Cryptopolitan
Oct 10, 2024
