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A look at the dynamics of bitcoin as collateral in real estate financing.
This may be the first tokenized church in the world.
In a significant development for the cryptocurrency industry, FTX, the exchange that collapsed in November 2022 under the leadership of convicted Sam Bankman-Fried, is preparing to distribute a staggering $16 billion in cash to its customers, which could lead to significant gains for Bitcoin (BTC) and Solana (SOL) prices. Crypto researcher Xremlin has predicted that [...]
The post Colossal Buying Pressure For Bitcoin And Solana As FTX Plans $16B Distribution, Expert appeared first on Crypto Breaking News.
The Hong Kong Monetary Authority (HKMA) reports a 17.2% decline in mortgage applications for June 2024, with significant decreases in loan approvals. (Read More)
Over 70% of survey respondents prefer coins like Bitcoin, while the rest indicated an interest in emerging coins and memecoins.
The spot ETH ETFs are live, but how are pro traders positioned in the options market?
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this [...]
The post FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote appeared first on Crypto Breaking News.
The Hong Kong Monetary Authority has expanded the eligibility criteria of the Mortgage Insurance Programme. (Read More)
In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers. The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday’s early trading session. FTX Unveils Debt Repayment Strategy FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late Tuesday. The company has disclosed that it possesses between $14.5 billion and $16.3 billion, which it intends to distribute among the creditors. Under the proposed plan, customers with $50,000 or less claims will receive approximately 118% of the allowed claim amount. This compensation is slated to be disbursed to around 98% of the creditors, relieving FTX customers who have experienced locked funds since the exchange filed for bankruptcy protection in November 2022. Related Reading: Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million FTX stated in a press release on Wednesday that the company could not utilize the appreciation of the missing tokens during the Chapter 11 cases. Instead, FTX had to identify other recoverable sources of value to repay creditors. Following the departure of founder Sam Bankman-Fried, FTX appointed John Ray III as CEO. Ray, speaking on the matter in November 2022, expressed his astonishment at the “complete failure of corporate controls and such a complete absence of trustworthy financial information” witnessed at FTX. Ray further stated in the press release on Wednesday: We are pleased to be in a position to propose a Chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors. FTX’s founder, Sam Bankman-Fried, faced legal consequences, being convicted on seven criminal counts, including charges related to embezzling billions of dollars from FTX’s customers. Bankman-Fried was subsequently sentenced to 25 years in prison. FTT Bulls Eyeing $2.55 For Potential Breakout Continuation As of the latest update, the price of FTT has corrected to $2.050 after reaching its monthly high. This breakout occurred after consolidation between the $1.17 and $1.48 levels. At the current price level, FTT faces a significant resistance at $2.169, which has led to the ongoing correction. If FTT sustains its bullish momentum, the next resistance level to watch is $2.55 in the token’s daily chart. A successful breakthrough of this level could potentially lead to a retest of the $3 mark, which has not been revisited since January. Related Reading: Forget The Price Dip: Ethereum Network Activity Hints At Imminent Takeoff On the other hand, if the price experiences a further correction, FTT bulls should closely monitor the $1.95 and $1.765 levels, as they serve as crucial support levels. It is essential to prevent a loss of the gains achieved over the past month, which amounts to an 18% increase during this period. Featured image from Shutterstock, chart from TradingView.com
Authorities seized $12.2 million worth of digital assets, real estate and luxury cars during the arrest.
Arta TechFin, a Hong Kong-based asset manager, and Chainlink are exploring solutions to tokenize real-world assets like real estate.
An analysis of real estate as a cash flow driven investment, and why Bitcoin will wind up being a superior store of value investment despite that.
RWA tokenization has become the latest trend in crypto, and early use cases indicate that DeFi protocols are using it for stable collaterals, yield products and more.
Real estate investment firm in the United States has introduced a tokenized fund with institutional support, marking a significant development in the blockchain and real estate sectors. This innovative approach to fund management leverages blockchain technology to tokenize assets, allowing investors to access real estate opportunities in a more efficient and transparent manner. By tokenizing [...]
The RWA tokenization panel discussion at the Paris Blockchain Week in 2025 was a pivotal moment for the cryptocurrency industry. Leaders and experts gathered to share insights on how real-world assets can be tokenized using blockchain technology. The event showcased the potential for tokenizing assets such as real estate, commodities, and intellectual property. Speakers highlighted [...]
The post Why Real Estate May Not Be the Ideal Asset for RWA Tokenization: Insights from Michael Sonnenshein appeared first on Crypto Breaking News.
The Virtual Asset Regulatory Authority and Land Department of Dubai have united to research blockchain and cryptocurrency use at the property level. The cooperation deal started on Sunday to help Dubai reach its goals for enhancing real estate technology innovations. Both Dubai Land Department (DLD) and Dubai Virtual Assets Regulatory Authority (VARA) work together to […]
Janover’s price has skyrocketed by 1000% following the announcement of their new crypto ownership solution. This surge comes as the Sol Treasury reveals ambitious plans for the future development of the project. The increase in Janover’s price showcases the market’s positive response to the innovative crypto ownership solution. Investors are showing a strong interest in [...]
The post Former Kraken Executives Acquire Real Estate Firm Janover and Reveal Plans for SOL Treasury appeared first on Crypto Breaking News.
In a significant development, FTX bankruptcy trustees have reportedly sold about two-thirds of a $2.6 billion stash of Solana (SOL) at a “deeply discounted price.” Industry figures such as Galaxy Trading and Pantera Capital were among the investors involved in the deal, according to people familiar with the matter, as reported by Bloomberg. SOL Tokens’ Four-Year Journey Per the report, the FTX estate was able to sell between 25 million and 30 million locked-up Solana coins at $64 each, generating up to $1.9 billion in proceeds for the estate. Under Mike Novogratz’s Galaxy Digital, Galaxy Trading managed to raise approximately $620 million for a fund established to purchase SOL from the FTX estate. According to the report, investors in the vehicle will be subject to a 1% management fee, and the investment will offer a yield through staking. Related Reading: Dogecoin Deflates: Whats Behind The 20% Price Drop Amidst Memecoin Mania? It is worth noting that the 41 million Solana tokens sold by the FTX estate are locked according to a pre-agreed vesting period, preventing them from being available for trading on the market. According to Bloomberg, these tokens will gradually become available for sale over the course of four years, which could significantly impact SOL’s price action. However, as the tokens remain locked, SOL’s 739% year-to-date (YTD) uptrend remains intact, and the possibility for further gains remains in the cards. Solana Sale Garners Interest From Prominent Figures FTX co-founder Sam Bankman-Fried, convicted of fraud and sentenced to 25 years in prison, was a major supporter of SOL. As previously reported, Bankman-Fried has actively engaged with guards at the Metropolitan Detention Center, where he is currently incarcerated. He offers investment advice and recommends SOL as a potential opportunity, demonstrating his bullish sentiment on the protocol. The token, which operates on the Solana blockchain, constituted a significant portion of the digital assets stranded on the collapsed exchange, creating shockwaves throughout the crypto markets. In addition to Galaxy Digital, Bloomberg notes that selling SOL tokens has attracted the attention of Pantera Capital. This $5.2 billion asset manager has reportedly raised capital for a special fund to acquire up to $250 million of SOL from the FTX estate. Vancouver-based Neptune Digital Assets Corp. also announced the purchase of 26,964 SOL tokens for $1.7 million on March 27. However, FTX creditors are concerned they will be under-compensated in the SOL sale process. Creditors Dispute FTX Bankruptcy Ruling In January, the judge overseeing the bankruptcy case ruled that the amount of each claim should be based on what the customer or creditor was owed on the day FTX filed for bankruptcy. At that time, SOL was trading at about $16, well below its current market price. As the price of SOL rallied in recent months, this discrepancy became a point of contention for some creditors. One creditor, Sunil Kavuri, expressed during Bankman-Fried’s final sentencing hearing that the SOL coins are “our property.” Related Reading: Crypto Analyst Predicts ADA Price Crash To $0.34, Why Is Cardano Founder Bullish? Another creditor, whose name was redacted in court documents, stated in a written statement that the FTX estate is “giving away money for free to hedge funds.” In a recent interview, Bankman-Fried claimed the following regarding clients’ growing concerns about underpayment: I’ve heard and seen the despair, frustration, and sense of betrayal from thousands of customers; they deserve to be paid in full, at current price. That could and should have happened in November 2022, and it could and should happen today. It’s excruciating to see them waiting, day after day. Currently, the price of SOL stands at $175, reflecting a decrease of up to 6.7% within the last 24 hours and over 7% over the past week. Featured image from Shutterstock, chart from TradingView.com
The following is a guest post and opinion from Abdul Rafay Gadit, Co-Founder of ZIGChain. US real estate alone is worth over $100 trillion, while the global market exceeds $700 trillion. Yet, for an asset tied to the ground we walk on, it remains surprisingly illiquid. The World Economic Forum reports that illiquidity in real […]
The post Real estate’s liquidity revolution: Why RWAs are no longer optional appeared first on CryptoSlate.
The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. In today’s episode, Pechman discusses the housing crisis, [...]
The post Is a housing crisis underway? Why crypto investors should care appeared first on Crypto Breaking News.
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