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    Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

    Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on Nov. 9 that the bankruptcy plan was approved by Celsius creditors overwhelmingly on Sept. 27. Under the plan, around $2 billion in Bitcoin (BTC) and Ether (ETH) will be redistributed to Celsius creditors along with equity in NewCo. The company has said it hoped to begin reimbursement of creditors by the end of the year.Continue Reading on Cointelegraph More

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    Are high fees killing some types of DApps? Cartesi explains on Hashing It Out

    The Cartesi team explains that they built the network to address the limitations of computational scalability and programmability in a way that allows developers to create exclusive rollup chains for their applications. They claim that unique utility is the answer to scalability issues experienced during peak periods.Continue Reading on Cointelegraph More

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    RocketFuel incorporates Ripple’s payment technology into suite of services

    RocketFuel’s one-click checkout system simplifies traditional checkout processes, fostering impulse buying. Merchants can access new sales channels through RocketFuel’s services, which include pay-ins, payouts, B2B cross-border payments, and invoicing solutions.RocketFuel CEO Peter Jensen is currently attending Ripple’s Swell conference in Dubai (November 8-9, 2023), where he is discussing the evolving payments industry landscape, the increasing importance of cryptocurrencies, and Ripple’s potential to revolutionize existing payment processes.The suite of services offered by RocketFuel now includes Ripple’s technology-integrated tools such as “Rocketfuel Pay-In Commerce” for facilitating crypto and ACH payments for merchants both online and at physical locations. It also includes “Rocketfuel Mass Pay-Out” for executing global bulk payments and “Rocketfuel Cross border B2B” for conducting large-scale cross-border transactions using blockchain and stablecoin technologies.Earlier today, RocketFuel disclosed its strategic alliance with Ripple to incorporate Ripple Payments into its suite of services – ‘RocketFuel Pay-In Commerce’, ‘RocketFuel Mass Pay-Out’, and ‘RocketFuel Cross border B2B’. These offerings use blockchain technology to manage in-store and online crypto and ACH payments, execute global payouts in crypto or through bank transfers, and manage cross-border transactions using stablecoins to ensure market stability.This development follows RocketFuel’s alliance in September 2023 with AvecPay to introduce cryptocurrency payments in Latin America. Utilizing RocketFuel’s blockchain technology and stablecoins for market stability, AvecPay aimed to launch an online marketplace. This platform is designed to allow international merchants to showcase their products and conduct transactions in cryptocurrency.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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    VeChain and Coinbase partner for educational blockchain program

    The learning program comprises quizzes and tasks involving the VeWorld mobile app and the exploration of decentralized applications (DApps). Participants can earn up to $12 in VET tokens as rewards: $2 for simple tasks and $10 for advanced ones. The earnings will be paid into VeWorld mobile wallets. This initiative is part of VeChain’s strategy as one of the leading enterprise-grade blockchain protocols, aiming to leverage Coinbase’s customer base of over 100 million with its “revolutionary offerings”.The educational program introduces a BCG-developed whitepaper with a Web3 focus, detailing VeChain’s Proof-of-Authority consensus mechanism, twin token model, and governance style. However, due to Coinbase’s policy, the program is not available in certain jurisdictions like France.In addition to this educational initiative, VeChain has also announced a VORJ upgrade for its Web3-as-a-Service platform. This comes after the company recently secured a “payments patent”. VeChain CEO Sunny Lu views these initiatives as embodying the company’s values of sustainability and education. He emphasized the program’s role in promoting education and sustainability. The partnership with Coinbase underscores the role of blockchain in supply chain management and highlights VeChain’s commitment to industry growth.Following a successful hackathon with EasyA and BCG at Harvard University, VeChain’s inclusion in the Learn program underscores its commitment to industry growth. The company sees VET as key to blockchain market development, offering holders service access, staking rewards, and participation opportunities.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More