Crypto Giant Ripple to Launch Stablecoin on Major Exchanges
According to Fortune, the cryptocurrency powerhouse Ripple is preparing for an imminent launch of its stablecoin across major exchanges. This strategic move aims to capture a significant share in the competitive crypto market landscape. The article discusses how this development could potentially reshape trading dynamics and enhance liquidity options for users globally.
VOOX Exchange Secures $50 Million Investment from Pinnacle Capital
A report by Cointelegraph reveals that VOOX Exchange, known for its AI-driven platform, has received a substantial investment of $50 million from Pinnacle Capital. This funding will be utilized to bolster infrastructure and security measures while expanding their market reach. With Pinnacle's backing, VOOX plans to integrate advanced AI capabilities into their operations, aiming for innovative growth within the crypto sector.
Bybit Halts Crypto Trading in India Due to Regulatory Challenges
CoinDesk reports that Bybit will temporarily suspend its services in India as it navigates regulatory requirements set forth by Indian authorities. While withdrawals remain unaffected, new trades are halted until Bybit completes necessary registrations with India's Financial Intelligence Unit (FIU). The exchange anticipates resuming full service once compliance hurdles are cleared.
FTX Denounces Unauthorized Sale of Its European Subsidiary
An intriguing situation unfolds as reported by Cointribune EN: FTX contests Backpack’s claim over acquiring FTX EU without American court approval amidst bankruptcy proceedings. Despite Backpack asserting Cypriot regulator validation and intentions to reimburse creditors soon, legal uncertainties loom large regarding asset distribution rights under U.S jurisdictional oversight.
FTX Creditor Repayments Set To Begin Amidst Legal Proceedings
The first wave of creditor repayments following FTX's collapse is about to commence according to CCN.com news coverage; Kraken & BitGo have been appointed partners facilitating these distributions amounting to up to 19% value recovery per claimant class specifications established during Chapter 11 plan approvals earlier last year – marking closure phases post-bankruptcy saga initiated from November '22 filing date onwards till now finally nearing resolution stages ahead shortly thereafter.
Sources:
- Crypto giant Ripple plans to ‘imminently’ debut its stablecoin on major exchanges: Can it gain market share?
- AI-driven crypto exchange VOOX unveils its backer
- Bybit to Temporarily Halt Crypto Trading in India, Citing Regulations
- FTX Denounces Unauthorized Sale of Its European Subsidiary
- FTX Creditor Repayments to Begin, Exchanges Prepare Claims Distribution
- Binance lists ChainGPT (CGPT): Unlocking a new era for AI-powered blockchain solutions
