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gillidar1

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In a key moment for the crypto industry’s recovery, FTX’s Bahamas wing will honor the first batch of repayments for users who are owed less than $50,000 worth of claims.
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FTX Digital Markets, the Bahamian unit of the collapsed cryptocurrency exchange FTX, is set to repay the first group of creditors on Feb. 18 in a significant development for the crypto industry following the exchange’s almost $9 billion collapse.
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Among the 50 blockchain platforms, 17 have reached unicorn status, meaning they exceeded a valuation of $1 billion. Of these, 14 exceeded the $1 billion mark in token market capitalization, while the other three did so through private valuation, according to a report shared with Cointelegraph.
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The Switzerland-based blockchain ecosystem, which includes 50 projects, recorded a more than 55% increase in cumulative valuation in 2024.
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Crypto Valley surpassed the $593 billion valuation mark, showcasing the growth trajectory of the European blockchain industry in 2024.
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Cruz said that Texas is known for its “abundant, low-cost energy” and that he intends to ensure the trend of more jobs in Texas continues and accelerates while the state increases its BTC mining activities.
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Proponents of BTC mining, such as US Senator Ted Cruz, in an exclusive interview with Cointelegraph, described Texas as “an oasis for Bitcoin” due to its low cost and business-friendly environment.
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The 313th General Bureau’s Kim Cheol-min is among the sanctioned individuals who allegedly earned a “large amount of foreign currency” by working undercover for United States and Canadian companies before delivering the funds to Pyongyang’s nuclear weapons program.
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The sanctioned agents have allegedly procured funds for North Korea’s nuclear missile development program and the DPRK’s Munitions Industry Department through “overseas foreign currency-earning activities,” according to a Dec. 26 news release by South Korea’s Ministry of Foreign Affairs.
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South Korea is the latest country to impose sanctions against 15 North Korean IT organization members and one related group.
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Hackers like the infamous Lazarus Group are prime suspects in some of the most notorious cyber thefts in Web3, including the $600 million Ronin network hack.
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North Korean hackers are being pursued by governments worldwide that blame them for more than half of the value of cryptocurrency stolen during 2024.
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“Tether is committed to working collaboratively with Brazilian authorities as part of their ongoing regulatory development work to strike a balance that fosters innovation while ensuring robust consumer protection,” Ardoino said, adding:
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He mentioned that Brazil is one of the most active markets for USDt in Latin America, reflecting strong demand from users who value USDt’s stability in a dynamic economic environment.
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Tether CEO Paolo Ardoino told Cointelegraph that Brazil’s proposed stablecoin restrictions may present significant practical challenges and could unintentionally disadvantage Brazilian consumers, given the widespread adoption of stablecoins domestically and globally.
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“In Nigeria, where banks can’t facilitate crypto transactions, people turned to peer-to-peer platforms and decentralized exchanges to trade and access crypto,” he added.
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“In China, the ban on centralized exchanges pushed users toward decentralized platforms like Uniswap,” Trezor’s Bourdon said.
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Referring to regulatory developments and their outcomes in countries like Nigeria and China, Trezor’s Bourdon highlighted a pattern of crypto users flocking to decentralized solutions once other options are limited.
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Brazilian authorities are not alone in trying to limit P2P cryptocurrency transactions, as other countries like Nigeria and China have been trying to restrict crypto activity.
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“This is especially relevant now that stablecoins are being created on Bitcoin L2 through Taproot Assets on Lighting and other layer 2 solutions, such as USDT on the Liquid network,” she added.
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