Search Results for "plan"
FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.
Tether's Plan B Collaborates with FC Lugano to accelerate Bitcoin Adoption
Tether and Lugano City have announced a partnership to sponsor FC Lugano, a Swiss football club, using bitcoin technology to transform the city's financial infrastructure, allowing fans to purchase tickets, merchandise, food, and beverages.
Animoca Brands Partners with Untamed Planet to Develop Untamed Metaverse
Animoca Brands has announced a partnership with Untamed Planet to develop and publish Untamed Metaverse, a game to help nature conservation efforts.
Celsius Network Announces Court Approval of Reorganization Plan
Celsius Network has received court approval for its Plan of Reorganization, which aims to transform the company into a creditor-owned bitcoin mining firm, with over 95% creditor support, and aim for a 2024 Chapter 11 emergence.
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.
Platypus Recovers 90% of Stolen Funds from Recent Exploit
Platypus DeFi protocol has recovered 90% of the funds stolen in the recent 12 October 2023 exploit, reducing the net loss to about 18,000 AVAX. The protocol acknowledged the community's support in swiftly resolving the crisis and is making arrangements for the withdrawal of liquidity providers. Amidst ongoing investigations and enhanced security measures, Platypus continues to work on a compensation plan for affected users from previous attacks.
FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a "Shortfall Claim" for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally.
Is Bitcoin Edging Closer to the End of a Bear Market?
The back and forth experienced in the Bitcoin (BTC) market might soon come to an end based on various indicators, according to a crypto analyst under the pseudonym PlanB.
TX Debtors Propose Amended Chapter 11 Plan: Cryptocurrency Claims Valued at Bankruptcy Date
FTX's debtors plan to value cryptocurrency claims based on their value at the time of the company's November 2022 bankruptcy, potentially impacting creditors due to market recovery.
Ethereum Developers Discuss Upcoming Testnet and Upgrade Plans
Ethereum's All Core Developers Consensus (ACDC) call #118 on September 21, 2023, focused on preparations for Devnet-9, the second testnet for the Cancun/Deneb upgrade. The call revealed client readiness, Dencun-related tests, EIP 4788 deployment, and a tentative launch sequence for Dencun. The call also discussed the timing of testing and the launch sequence for Dencun on different testnets. The insights highlight the community's efforts to ensure Ethereum's smooth progression.
Tether's Plan ₿ Collaborates with FC Lugano to accelerate Bitcoin Adoption
Tether and Lugano City have announced a partnership to sponsor FC Lugano, a Swiss football club, using bitcoin technology to transform the city's financial infrastructure, allowing fans to purchase tickets, merchandise, food, and beverages.
Tether's Plan B Collaborates with FC Lugano to accelerate Bitcoin Adoption
Tether and Lugano City have announced a partnership to sponsor FC Lugano, a Swiss football club, using bitcoin technology to transform the city's financial infrastructure, allowing fans to purchase tickets, merchandise, food, and beverages.