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Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar
13.5.2023
EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28...
UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value
1.3.2023
A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS strategists insist that “it would be less...
Crypto Exchange LBank Signs With Encryptus for Crypto to Payout Infrastructure
1.3.2023
PRESS RELEASE. LBank; a leading token-to-token crypto exchange, has partnered with Encryptus Europe UAB; a licensed crypto and fiat infrastructure company, to streamline their crypto to payouts in 100+ countries. After this integration, LBank will be able to offer to their users off ramps in...
Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury
27.2.2023
The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 million bitcoin payout, but Fury won the fight in a split-decision victory. Drake Loses $400K Bitcoin...
Mt. Gox top creditor goes with early payout option: Report
17.2.2023
The creditor will be paid by September this year instead of waiting for all the legal processes to be finished
Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Selloff: Sources
16.2.2023
The two largest creditors of failed crypto exchange Mt. Gox have picked a repayment option that could allay fears bankruptcy repayments will tank the price of bitcoin, sources say
Damus to lure in Crypto Twitter with Bitcoin revenue payout option
7.2.2023
The team said that the upcoming feature would be made available in the app's next update but is yet to reveal a timeframe
Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
24.1.2023
Lawyers for Celsius Network said Tuesday that the bankrupt crypto lender is planning to reinvent itself as a new, publicly traded “recovery corporation” in order to exit the bankruptcy process – something they said could happen in “months.”
Crypto Payment Infrastructure Firm Opennode to Test Bitcoin Payments in Bahrain
18.9.2022
Opennode, a bitcoin payment infrastructure firm, recently said it will run trials of its bitcoin processing and payout solution through the Central Bank of Bahrain’s regulatory sandbox. According to Dalal Buhejji, an executive director with the Bahrain Economic Development Board, the central...
Thunes Partners Attijariwafa Bank to Expand Payout Services
14.7.2022
Thunes recently partnered with the Attijariwafa bank to expand its bank payment services across Morocco. The global payments provider will enable over 30 million bank account holders in Morocco to get inbound payments into their accounts. As one of the biggest financial entities in Africa...
Let’s Put EA CEO’s $20 Million Payout In Context
17.6.2022
The CEO of Madden maker Electronic Arts is set to rake in $19.8 million in total compensation for his company’s strong performance in 2021. That’s about half of what it was for 2020 after EA’s Board of Directors cracked down on exorbitant bonuses in the face of shareholder backlash, but still...
Twitter and Stripe roll out USDC payout program for creators via Polygon
22.4.2022
In addition to payments to bank accounts and debit cards, select content creators can now elect to have USDC earnings sent to their wallets
Cardano Foundation Doubles Reward Offered to Hackers for Uncovering Bugs on Its Blockchain
18.2.2022
The Cardano Foundation recently said it has doubled the payout offered to hackers and bounty hunters that identify bugs or vulnerabilities within the Cardano blockchain. The foundation said the six-week promotion, which runs until March 25, 2022, is part of an ongoing attempt to keep “its...
ADACash Shells Out $1.5 Million Rewards to Users One Month Into Operation
29.11.2021
Encouraging news for staking market participants comes around as the ADACash rewarding staking project for the Cardano network released a report detailing over $1.5 million in payouts issued to ADACASH reward token holders. The report highlights that the payout in excess of $1.5 million...
BlockFi mistakenly credits users with too much Bitcoin in promo payout
19.5.2021
Just under 100 BlockFi users are reported to be affected, with some allegedly receiving as many as 700 Bitcoin due to a mishandled promotional offer
Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto
13.11.2020
The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin...
BitPay Launches Mass Payout Service For Companies That Don’t Own Crypto
13.11.2020
Major crypto payment processor BitPay has announced the launch of BitPay Send, a new mass payout service that allows organizations to pay their employees, affiliates, customers, vendors, contractors, and others with cryptocurrency. The development could help the company reach out to businesses that...
Last Chance to Get Staked $750+ Million HEX Payout November 19th, 2020
22.10.2020
HEX.COM – The First High Interest Blockchain Certificate of Deposit – has outperformed every asset in 2020. Ranked Top 20 by Nomics (BTI verified #1 in Market Data Integrity), over $240 Million HEX are in active stakes paying a variable 28% APY. The average stake length is 5 years;...
Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit
27.7.2020
U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout....
Safety Check: If Crypto Custodian Fails, Clients May Not Get a Full Payout
7.6.2020
Crypto exchanges — not segregating blockchain addresses — could lead to ownership disputes in the event of insolvency, research says