The team winding down FTX’s bankruptcy is firing back at a massive claim filed by collapsed hedge fund Three Arrows Capital, better known as 3AC. The $1.53 billion claim, according to FTX’s legal filing, is not only exaggerated but also based on flawed assumptions and poor risk management by 3AC itself. In court documents, FTX … Read more
Japan is gearing up to innovate and introduce robust payment systems as its economy gradually becomes cashless. Bank of Japan’s (BOJ) Executive Director Kazushige Kamiyama said that while the country does not have any firm stance on CBDCs yet, it must develop other payment options as society becomes increasingly cashless. According to an article published … Read more
Tether, the issuer of USDT stablecoins, and LINE, a popular messaging app known for its all-in-one functionality, have entered into a strategic partnership plan to expand Tether’s presence in the Asian market. The alliance, announced on 7 May 2025, will enable LINE users to send and receive USDT within the app. USDT will now be … Read more
Tron-based memecoins were enjoying their time in the green on March 19, with their total market cap rising nearly 20% over the past day. According to data from CoinGecko, Sundog (SUNDOG), the largest memecoin on the Tron blockchain, rallied 10.3% over the last 24 hours, with its market cap seated at over $61 million. Other … Read more
Vietnam’s Prime Minister, Pham Minh Chinh, has initiated a push to position Vietnam as a key player in the crypto market, particularly in Southeast Asia. The Vietnam leader is proposing a legal framework for digital assets, which is expected to be implemented this month. The goal is to regulate ownership, trading, and use of crypto, … Read more