FTX’s payment plan is now effective — When will users see their funds?
According to the plan, certain FTX users claiming less than $50,000 could expect to see their funds returned within 60 days.
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Celsius Network coin report shows a balance gap of $2.85 billion
The latest findings could brew more trouble for the crypto lender for allegedly misleading and offering incorrect details in the court documents. 595 Total views 38 Total shares A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a…

Pudgy Penguins’ PENGU token rallies 13% despite declining NFT sales
Pudgy Penguins’ NFT sales have plummeted 52% in the past week

Bitcoin Coinbase premium turns negative as BTC price stalls under $63K
Bitcoin price stagnates below $63,000 as on-chain data highlights an uptick in selling activity.

BlockFi users to get back $297M from Wallet accounts: Report
Return of funds does not apply to users of interest-bearing accounts, ruled U.S. bankruptcy judge Michael Kaplan. A United States judge has granted permission to bankrupt crypto lender BlockFi to return $297 million to customers with deposits held in its Wallet program, Reuters reported on May 11. The return of funds does not apply to users…

Praxis gets $525M for utopic crypto, AI-friendly city
Praxis, a self-described internet-native alliance, said it received $525 million in funding to build a lesser-regulated tech-friendly city.

CoinShares and BNC support new high-performance DeFi derivatives exchange
The exchange is hosted on a layer two platform and uses Dai for margin. 1236 Total views 14 Total shares Leverj, a non-custodial derivatives platform based on an Ethereum sidechain, announced on Tuesday their cooperation with leading industry participants to support the launch and marketing of its exchange.The exchange offers perpetual swaps for Bitcoin (BTC)…

PayPal to offer 3.7% yield on stablecoin balances: Report
PayPal will offer a 3.7% yield on PYUSD to boost usage, with monthly rewards paid in the stablecoin, according to a Bloomberg report. 344 Total views 1 Total shares Payments behemoth PayPal plans to offer a 3.7% yield on balances held in its PayPal USD stablecoin. According to an April 23 Bloomberg report, a PayPal

The Worst Crisis in a Century Is Setting the Stage for Bitcoin
The COVID-19 pandemic has ravaged the economies of countries all around the world and is showing no signs of stopping. The overwhelming response from global governments has been to place their countries under full or partial lockdowns. This has arguably saved many lives, but the economic fallout has been savage. The United States alone is…