Stay informed on the latest happenings in the world of cryptocurrencies with CoinChapter.com, your go-to source for all things crypto. Today’s top news includes CoinShares International’s successful sale of its claim against the bankrupt FTX exchange, netting a return of 116%. This move is set to benefit shareholders and improve services for clients.
In Hong Kong, a new subcommittee on Web3 and virtual asset development has been established to gather industry insights and propose policy recommendations. Key areas of focus include investor protection, stablecoin innovation, and regulatory measures for professional crypto custody services.
Exciting developments continue with the formation of Igloo Inc., the parent company of popular NFT project Pudgy Penguins and NFT licensing platform OverpassIP. This new company aims to create a welcoming entry point for newcomers to the crypto space, focusing on user experience over cryptocurrency prices.
Meanwhile, Mt. Gox, the infamous crypto exchange that collapsed in 2014, is set to begin processing repayments in bitcoin and bitcoin cash next month. The rehabilitation trustee has taken steps to ensure safe and reliable repayments, including compliance with regulations and discussions with cryptocurrency exchanges.
In other news, Solana-based memecoin Dogwifhat has dropped out of the top 50 cryptocurrencies by market capitalization, experiencing a decline in price and market cap. Despite this, it remains a significant player in the memecoin market.
For more updates on the latest crypto news and insights, be sure to follow CoinChapter. Stay informed and ahead of the curve in the world of cryptocurrencies.