Crypto

Bankrupt cryptocurrency exchange FTX owes about $3.1 billion to top 50 creditors

Published

2 years ago

November 20, 2022

Bankrupt cryptocurrency exchange FTX owes about .1 billion to top 50 creditors

Cryptocurrency trade FTX that filed for the US chapter courtroom safety stated that it owes practically $3.1 billion to its 50 greatest collectors, reported information company Reuters on 20 November.

Earlier on 19 November, the bankrupt cryptocurrency trade in a courtroom submitting had stated that it owes about $1.45 billion to its high ten collectors, although it didn’t named them.

FTX and its associates filed for chapter on 11 November in US’s Delaware. It’s thought of to be one of many highest-profile crypto blowups that has left an estimated 1 million clients and different traders going through whole losses within the billions of {dollars}.

ALSO READ: Investor studied crypto for years, then missed FTX’s pink flags

On Saturday, FTX stated that it had launched a strategic overview of its international property and is making ready for the sale or reorganization of some companies.

With the FTX case gone unsuitable, platforms like Binance to Crypto.com are having a troublesome time to reassure markets about their stability.

In the meantime, one other report by Bloomberg stated the FTX Europe unsuccessfully sought a buying and selling licence in Switzerland.

Primarily based in Pfäffikon close to Zurich, FTX Europe had utilized to Swiss banking regulator Finma for a license for a so-called “organized buying and selling system” that was declined just lately.

With Finma declining to remark, and unimaginable to achieve FTX Europe, because it now shut down, causes for utility failed stays unknown.

On Friday, billionaire Warren Buffett-run Berkshire Hathaway warned traders it has no affiliation with a purported cryptocurrency brokerage web site utilizing the Berkshire Hathaway title. Buffett has run Berkshire Hathaway Inc since 1965.

Buffett, who has lengthy been skeptical of cryptocurrency, referred to as bitcoin ‘rat poison squared’ in 2018. Buffett’s firm stated it discovered concerning the web site that describes its operator as a Texas-based dealer based in 2020 to offer traders “a possibility to realize a totally passive revenue from funding in cryptocurrency mining.”

The title of the web site has been stored as berkshirehathawaytx.com, to which Buffett’s firm stated in an announcement, as quoted by Reuters on Friday, “The entity who has this internet deal with has no affiliation with Berkshire Hathaway Inc or its Chairman and CEO, Warren E. Buffet.”

With company inputs.

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Crypto

Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?

Published

5 hours ago

November 22, 2024

Press Room

Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?

Dogecoin DOGE/USD and Shiba Inu SHIB/USD are trading around 3% higher in a single day boosted by the optimism in the cryptocurrency market.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin	$0.3923	$57.6 Billion	+2.8%	+5.3%
Shiba Inu	$0.00002496	$14.7 Billion	+4.2%	+3.1%

Trader Notes: Analysts see bullish potential for the top two meme coins.

Crypto chart analyst Ali Martinez predicts a potential rally for Shiba Inu, suggesting SHIB could hit $0.00049 if it mirrors DOGE’s pattern.

Trader Javon Marks highlights SHIB’s daily chart with a possible bull pattern confirmation. A breakout target of $0.000081—216% above current levels—could see SHIB surge more than 200%.

For Dogecoin, Altcoin Sherpa notes the recent correction as not bearish, seeing opportunities for buyers with another leg up expected soon.

Crypto Amsterdam observes DOGE hovering in a mid-range phase, suggesting $1 could be on the horizon.

Meanwhile, trader Kevin forecasts a DOGE breakout by Saturday.

Statistics: IntoTheBlock Data shows:

Large transaction volume increasing for DOGE (+41.1%) and SHIB (+44.9%).
Daily active addresses rising by 34.9% for DOGE and 10.7% for SHIB.
SHIB transactions above $100,000 up from 332 to 399 in one day.

Shibarium Activity: Daily transactions climbed from 4.66 million on Nov. 20 to 4.75 million on Nov. 21.

Read Next:

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

Crypto

Bitcoin nears $100,000 as investors bet on crypto-friendly Trump policies

Published

15 hours ago

November 21, 2024

Press Room

Bitcoin nears 0,000 as investors bet on crypto-friendly Trump policies

World’s popular digital currency rises as high as $99,073 on expectations Trump will ease legal and regulatory hurdles.

Bitcoin is nearing the $100,000 mark as crypto enthusiasts bet that United States President-elect Donald Trump will usher in a more welcoming regulatory environment for digital assets.

The world’s most popular digital currency rose as high as $99,073 on Thursday, extending its surge since Trump’s re-election on November 5.

The commodity has risen more than 60 percent since election day as investors anticipate Trump’s incoming administration to ease regulatory and legal hurdles to its use.

Trump, who called the asset a “scam” during his first term, accepted campaign donations in cryptocurrency, and has pledged to make the US “the crypto capital of the planet” and accumulate a national bitcoin reserve.

Trump and his three sons in September also announced the launch of their own crypto business, World Liberty Financial, which investors have taken as a promising sign of the president-elect’s belief in the sector.

In another bullish signal for the sector on Thursday, United States Securities and Exchange Commission (SEC) chair, Gary Gensler, who was widely disliked among crypto investors for his aggressive enforcement actions targeting the sector, confirmed that he would step down in January.

Trump had pledged to fire Gensler on “day one” of his administration, though the president does not have the authority to remove the SEC chair before the end of his or her term.

While viewed by supporters as a ticket to big returns and financial freedom, Bitcoin and other cryptocurrencies are known for their volatility and have faced government crackdowns in several parts of the world.

After climbing to a record high of $69,000 in late 2021, Bitcoin plunged to less than $16,000 over the following year.

The commodity burst past its previous peak in March after gaining more than 300 percent since November 2022.

Crypto

Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation – Press release Bitcoin News

Published

23 hours ago

November 21, 2024

Press Room

Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation – Press release Bitcoin News