In the aftermath of the FTX collapse, a new legal battle has emerged over the millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. Various parties, including FTX debtors and the company’s Bahamian arm, FTX Digital Markets, are seeking control of these assets. The assets
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The recent price decline of Bitcoin has sparked concerns about a prolonged bear market in the cryptocurrency world. However, amidst the pessimism, there are faint whispers of optimism that suggest a potential reversal might be on the horizon. One of these glimmers of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that
Solana’s price has been struggling to clear the $150 and $155 resistance levels in order to initiate a steady increase. Currently, the price is hovering around $145 and is trading above the 100-hourly simple moving average. A bullish trend line is forming with support at $146 on the hourly chart of the SOL/USD pair. To
XRP price recently experienced a decent recovery wave, starting from the support level at $0.4600. The bulls managed to take a stand near this crucial level, leading to a significant upward movement. The price successfully reclaimed the 100-hourly Simple Moving Average and surged above $0.4850, indicating a potential for further gains in the near future.
Polkadot (DOT), a leading blockchain player, is currently facing a significant downturn, signaling a bearish trend. The cryptocurrency is witnessing a rapid decline, driven by a variety of factors such as market volatility, negative investor sentiment, and regulatory challenges. Investors are advised to prepare for further losses and reevaluate their investment strategies in response to
Throughout history, the evolution of currency has played a crucial role in shaping societies. From bartering systems to standardized coins and paper money, currencies have been essential in organizing and advancing civilizations. However, the shift to fiat currency post-World War II has led to significant challenges. Fiat money, which derives its value from government backing
The recent on-chain data regarding Bitcoin has shown a significant amount of selling pressure, resulting in a decline of nearly 5% in the past week. This downward pressure has been attributed to Bitcoin miners actively participating in the open market by offloading more than 1,200 BTC in a single day. With the selling of around
Asset tokenization, particularly the tokenization of securities, has been gaining attention in the financial sector. This article will examine the potential benefits and challenges associated with asset tokenization, as discussed by industry experts. SEC commissioner Mark Uyeda has highlighted several benefits of asset tokenization. He emphasized that representing asset rights with digital tokens on a
The recent completion of the settlement between the New York Attorney General’s (NYAG) office and Gemini has brought forth a significant recovery of $50 million for users of the now defunct Gemini Earn program. This settlement comes after a lengthy legal battle initiated by the NYAG against the exchange. One of the key outcomes of
Crypto analyst TechDev has provided insights into the Bitcoin future trajectory. According to him, Bitcoin has yet to reach its full potential in this market cycle and more price surges lie ahead. TechDev highlighted in a post on X (formerly Twitter) that blowoff tops for Bitcoin only occur after the four-week Chaikin money flow (CMF)