The long-awaited resolution for nearly $16 billion in funds owed to users and customers of the defunct crypto exchange FTX is approaching, as the estate managing the recovery process has outlined the next steps and timeline for distribution. FTX Nears Completion Of Chapter 11 Plan In Thursday’s announcement, FTX confirmed that it is nearing the…
October 19, 2024 at 03:45 PM GST updated: October 19, 2024 at 03:32 PM 4 mins read News Some emerging cryptocurrencies are catching the eye of analysts who believe they could outperform Solana in the coming year. These altcoins are being hailed as potential high-return investments, with the chance to turn a modest sum into…
Caroline Ellison, the former co-CEO of Alameda Research, has reached a settlement with the FTX bankruptcy estate, agreeing to transfer most of her assets to help resolve a lawsuit stemming from FTX’s collapse. In a recent court filing, it was revealed that Ellison will hand over nearly all her assets, excluding those already forfeited to…
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 FTX token recorded a 10.18% drop in price in the last 24 hours. Former FTX executive Ryan Salame began his prison term on October 7. Satoshi Nakamoto’s identity and the HBO documentary are the day’s talks for the crypto community. The HBO documentary has attempted to uncover the true identity of the creator of…
October 8, 2024 at 06:30 PM GST updated: October 8, 2024 at 05:21 PM 2 mins read News Ethereum powers smart contracts and decentralized apps; energy-efficient after the Proof-of-Stake transition. FTT offers trading discounts and features; resilient with support from major companies. Aptos tackles high fees with Proof-of-Stake; designed for secure and scalable Web3 applications….
According to recent data, bitcoin and ethereum have experienced modest improvements in the last 24 hours, but both have dropped against the U.S. dollar over the week, with losses ranging from 0.8% to 5.5%. However, several other crypto assets saw impressive gains, with spx6900 (SPX) stealing the spotlight by skyrocketing 193%. This Week’s Crypto Gainers…
With the long-awaited end to the FTX saga nearing, the recent bankruptcy distribution has the now-defunct exchange FTT token surging by 70%. Indeed, the native token of the platform has seen a bullish boost from the recent developments that should benefit long-struggling creditors. The FTX collapse is among the greatest controversies in the crypto sector….
The crypto economy had a fairly solid week, though Monday morning brought a bit of a dip. The market currently holds at $2.26 trillion, reflecting a 1.6% drop over the last 24 hours. Among the big winners, meme coin MOODENG took the spotlight, soaring by 400%, while ETHW snagged second place with an 82% rise…
FTX Token (FTT) surged over 110% to reach a nine-month high, with trading volume skyrocketing by 3653%. Speculation about FTX’s repayment to its creditors is fueling the rise in FTT’s price. FTX Token (FTT), linked to the bankrupt crypto exchange FTX, saw a dramatic surge on Sunday, gaining over 110% in just 24 hours. Alongside…
Caroline Ellison, the ex-CEO of Alameda Research, has been sentenced to two years in prison for her part in the FTX fraud scandal. She cooperated with authorities against Sam Bankman-Fried (SBF), who got 25 years, but the judge emphasized the seriousness of the fraud. Ellison admitted to misusing billions in customer deposits and despite recommendations…
The U.S. Securities and Exchange Commission (SEC) has raised concerns regarding FTX’s proposed bankruptcy restructuring plan, despite receiving significant support from creditors. The SEC may raise objections to the ratification of the proposal unless certain adjustments are implemented, which represents a substantial obstacle for the ailing cryptocurrency exchange. Additionally, the SEC has demanded the removal…
Ryan Salame, a former executive of FTX exchange, is appealing to a US judge to review his conviction, alleging that US prosecutors violated their agreement to cease pursuing his partner, Michelle Bond. Salame contends that this violation of the agreement should exclude any additional charges against Bond, emphasizing the conflicts arising from the plea deal…