Author: Sam Allcock

FTX’s compensation scheme has finally received the green light from the court, marking a pivotal moment for affected customers.This development promises repayments after a lengthy two-year wait, but not without raising significant questions around the fairness of asset valuation.Court Ruling on FTX RepaymentsThe bankrupt cryptocurrency exchange, FTX, has received judicial approval for its compensation scheme. The plan allows the beleaguered customers to finally receive repayments after a protracted two-year wait. The court’s decision marks a victory for up to 98% of its creditors, offering a sense of closure to those affected by the exchange’s collapse.Under the approved arrangement, creditors with…

Cardano’s ADA has been in a holding pattern, frustrating many investors. Yet, some analysts suggest that this is a prime opportunity for strategic accumulation.With ADA’s current stagnation within a narrow band, insights from a prominent analyst indicate potential long-term gains for those willing to weather the storm.Analyst Perspectives on ADA’s Current Market PhaseA well-known crypto analyst, Ali, has highlighted the present situation for Cardano investors. The market currently finds its community in what is known as the ‘depression phase’, a point that often marks significant investment opportunities. Despite the apparent stagnation between $0.30 and $0.40, there is potential for those…

Epic Games has unveiled a groundbreaking vision to integrate popular games like Fortnite, Minecraft, and Roblox into a single, seamless metaverse. This ambitious initiative aims to revolutionise gaming experiences.The company plans to use the Unreal 6 gaming engine as a foundational platform, leveraging its advanced capabilities to create a digital marketplace for game-agnostic assets. This innovative approach promises to enhance player engagement and trust in digital purchases.Unreal 6: The Engine of the FutureEpic Games is banking on the Unreal 6 engine to spearhead its new metaverse strategy. Known for powering major games such as Fortnite and Mass Effect, the engine…

Ethereum’s new proposal, EIP-7781, promises to increase throughput by a substantial 50%.This innovation could reduce block times and enhance overall network efficiency, securing Ethereum’s position in the competitive blockchain landscape.Understanding EIP-7781Ethereum, a pivotal player in blockchain technology, is continually evolving to maintain its competitive edge. The introduction of Ethereum Improvement Proposal (EIP) 7781 underscores its innovative spirit. This proposal aims to significantly enhance the network’s throughput by an impressive 50%, primarily by reducing block times and increasing data handling capacity.The proposal suggests decreasing block times from 12 seconds to 8 seconds. This change, seemingly minimal, promises substantial impacts on network…

A new report by MatrixPort forecasts a significant stride for cryptocurrency, projecting an adoption rate of 8% by 2025. This forward momentum is largely driven by institutional interest and economic uncertainty.Currently, 7.51% of the global population engages with digital currencies. The report underscores the strategic role of institutional involvement in propelling cryptocurrency towards mainstream acceptance.Institutional interest has emerged as a major driver of cryptocurrency adoption. The involvement of financial giants, such as BlackRock, is pivotal in catalysing the shift towards digital currencies. The introduction of Bitcoin and Ethereum ETFs marked a notable milestone, enhancing the appeal of cryptocurrencies. Institutional participation…

The Hong Kong Securities and Futures Commission is advancing its licensing initiative for crypto exchanges.Plans to issue licenses in batches by end of 2024 to boost Hong Kong’s role in cryptocurrency markets.IntroductionThe Hong Kong Securities and Futures Commission (SFC) is poised to hasten its approval process for crypto exchange licenses with plans to issue them in batches by the year’s end. This decision is seen as a strategic movement to enhance Hong Kong’s standing in the global cryptocurrency market.Julia Leung, chief executive of the SFC, has disclosed advancements made towards achieving these regulatory goals. The SFC granted a pivotal license…

Binance is recognised as a leading cryptocurrency exchange with a robust peer-to-peer (P2P) trading system. Users on this platform engage in trading digital assets openly. A central feature on Binance P2P is the display of users’ verified real names, ensuring transparent and secure transactions.This article explores if Binance displays your real name, discussing the importance of this feature, how it functions, and the measures in place for dispute resolution. Discover the significance of real-name verification and what it means for your trading experience.The Importance of Name Verification on Binance P2PVisibility of verified names on Binance P2P strengthens trust and transparency…

FTX’s bankruptcy plan receives approval to repay cryptocurrency customers in cash. The U.S. court ruling marks a significant turn in crypto financial restitution, aiming to win back trust.Court Approval of Bankruptcy PlanU.S. Bankruptcy Judge John Dorsey has given the green light to FTX’s bankruptcy strategy, aimed at reimbursing its cryptocurrency clientele in cash with added interest. The details were clarified during a session in Wilmington, Delaware, where Judge Dorsey affirmed this comprehensive plan. It follows a detailed series of settlements with various stakeholders including FTX customers, creditors, U.S. regulatory bodies, and liquidators assigned to handle FTX’s international operations.The FTX plan…

The cryptocurrency market is experiencing a resurgence as 2024 draws to a close. Innovative projects poised for growth are emerging. This article highlights seven intriguing cryptocurrencies set to gain momentum in the final quarter.Pepe Unchained (PEPU): Setting New StandardsPepe Unchained (PEPU) is at the forefront of emerging meme coins with a dedicated Layer-2 blockchain. This provides rapid transaction speeds and low fees. The project’s standout feature is the “Pepe Chain,” which includes an exclusive decentralised exchange (DEX). Moreover, PEPU token holders benefit from high-yield staking opportunities, attracting significant attention during its presale, which has already amassed over $17.3 million. As…

The cryptocurrency world faces another alarming threat.Symbiotic’s X account has been hacked, exposing users to potential dangers. This attack highlights the growing threat of phishing and malware dissemination within the blockchain ecosystem.A Breach with Serious ImplicationsOn October 5, the X account of Symbiotic, a staking protocol, fell victim to a cyber attack. This incident was revealed by the blockchain security firm PeckShield. The hackers still have control of the account as of October 7. Such attacks present a significant threat to the crypto community. Cybersecurity professionals are investigating the full extent of the damage and implications.Manipulated Links and Phishing TacticsThe…