Distribution – DIGIT INFO

Bankrupt Cryptopia exchange distributes $225M to hack victims

DIGIT — Fri, 20 Dec 2024 08:32:58 +0000

Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.

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Celsius to distribute additional $127M from ‘Litigation Recovery Account’

DIGIT — Thu, 28 Nov 2024 11:57:19 +0000

The debtor’s estate for the failed crypto lending platform announced a second payment of $127 million to creditors, but some are still unhappy with the result.

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Why is Bitcoin stagnated despite $2B in spot ETF inflows?

DIGIT — Fri, 31 May 2024 18:31:28 +0000

Reasons for BTC’s weakness include Mt. Gox coin movements, regulatory actions, and the U.S. Senate’s anti-crypto lobby.

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Mt. Gox-labeled wallets move billions in Bitcoin amid hopes of payback

DIGIT — Tue, 28 May 2024 03:30:58 +0000

Billions in Bitcoin reportedly belonging to collapsed crypto exchange Mt. Gox has moved to an unknown wallet.

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Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions

DIGIT — Fri, 31 Mar 2023 08:04:56 +0000

The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to […]

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Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

DIGIT — Sat, 25 Mar 2023 17:30:18 +0000

Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the […]

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Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%

DIGIT — Thu, 23 Mar 2023 18:30:54 +0000

On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: […]

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ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset

DIGIT — Thu, 23 Mar 2023 07:50:02 +0000

A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn […]

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Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model

DIGIT — Fri, 17 Mar 2023 05:30:11 +0000

The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, […]

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Napster Expands Into Web3 Music Space With Acquisition of Mint Songs

DIGIT — Wed, 15 Feb 2023 23:15:10 +0000

On Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon Vlassopulos, insists that “we are in an unprecedented era of innovation in the digital music space,” and he believes Web3 innovations can help musicians find […]

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