The bankrupt cryptocurrency exchange FTX is facing pushback from its creditors regarding the proposed reorganization plan. The objection, filed by FTX creditors Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, highlights several key issues with the plan. These include the failure to address property rights concerns, inadequacy in meeting the best interest
Philip Swift, the founder of LookIntoBitcoin, recently emphasized the importance of global liquidity in driving Bitcoin’s price surge. He pointed out that global liquidity had reached a new ATH of $94 trillion, indicating a strong correlation with Bitcoin’s price movements. Swift believes that as long as global liquidity continues to trend upwards, Bitcoin’s rise is
McDonald’s Singapore has recently made a bold move into the metaverse by introducing a new digital environment called “My Happy Place.” In collaboration with Bandwagon Labs, the fast-food giant has created an immersive experience that blurs the lines between the virtual and real world. Accessible through the official McDonald’s app, “My Happy Place” offers a
The recent surge in Bitcoin’s price to $70,000 has reignited optimism among investors, especially long-term holders who have seen their holdings enter the profit zone. One key indicator of this positive sentiment is the return of the Coinbase premium. The Coinbase Premium Index (CPI), which had been negative since May 18, has now turned positive,
The Ethereum price recently experienced a downside correction after failing to break the $3,880 resistance level. This correction led to the price dropping below $3,840 and the 100-hourly Simple Moving Average. Additionally, there was a significant break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD. This trend
Kraken, a prominent cryptocurrency exchange in the United States, is reportedly making strategic moves to raise funds through a large funding round ahead of a potential initial public offering (IPO) next year. The exchange is said to be aiming to secure $100 million in funding before proceeding with the IPO, making it the second publicly
The concept of the metaverse has moved beyond being an abstract idea and has now become a reality that is transforming the digital space. Metaverse apps serve as the gateways to these virtual worlds, offering immersive experiences, social interactions, and economic activities in a 3D environment. The metaverse app bud is an emerging trend that
In a recent testimony before the House Financial Services Subcommittee on Digital Assets, DTCC Digital Assets global head and managing director Nadine Chakar emphasized the significant advantages of tokenization in revolutionizing the financial industry. Chakar highlighted the transformative potential of tokenizing real-world assets and its implications for the US financial markets. She made a compelling
Robert Kiyosaki, the well-known financial guru and author of the bestselling book Rich Dad Poor Dad, recently made a bold prediction regarding the price of Bitcoin (BTC). In a tweet, Kiyosaki confidently stated that he believes BTC will reach a staggering $350,000 by August 25. While Kiyosaki acknowledged that his prediction could be considered a
Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. The firm also did well to outline what could drive Ethereum’s price to this revised price. In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. This update
Robinhood, the popular investment platform, has made waves in the financial world with its recent announcement of acquiring Bitstamp, a global crypto exchange, for an estimated $200 million in cash. This move is part of Robinhood’s strategic plan to expand its offerings in the crypto market and solidify its position as a key player in
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, with 17 consecutive days of net additions. On a remarkable Tuesday, these ETFs witnessed inflows amounting to a remarkable $886.6 million, marking it as the second-highest single-day influx since their inception. This was followed by another substantial day of inflows
The recent partnership between MetaMask and HyperPlay has brought about an exciting transformation in the world of Web3 gaming. By introducing a new games directory into the MetaMask Portfolio, users now have a convenient way to browse and manage in-game assets seamlessly. This collaboration represents a significant advancement in improving the Web3 user journey and
The detention of Tigran Gambaryan, a high-ranking executive at Binance, by Nigerian authorities has sparked outrage among U.S. lawmakers. It has been nearly three months since Gambaryan was taken into custody, and his situation has raised concerns about human rights violations and hostage tactics used by the Nigerian government. The recent appeal led by House
Recently, Bybit made a surprising decision to remove China from the list of countries whose citizens are restricted from using its services. This move has garnered attention from the crypto community and raised questions about Bybit’s motivations and potential implications. While the specific reasons behind this policy change are unclear, many market observers believe that
Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has once again shown its dominance as the top real-world asset with the most development activity in the last 30 days. This is a significant feat for a cryptocurrency that represents physical assets like properties and objects, showing the increasing interest
In the world of cryptocurrency, meme coins have been making headlines, attracting the attention of investors and traders alike. One particular whale recently made waves by massively accumulating Shiba Inu (SHIB) tokens. This whale went on a buying spree, spending a staggering 4,849 ETH, equivalent to around $18.44 million, to acquire a jaw-dropping 715.9 billion
In recent months, there has been a significant trend in the cryptocurrency market where large bitcoin holders, also known as “whales,” have been accumulating more tokens. The latest data indicates that a specific group of whale addresses now collectively possess over 40% of the total bitcoin supply. This accumulation by large holders, particularly those with
The crypto market has shown remarkable resilience and growth since Bitcoin reached a new all-time high in March. Despite the relatively tepid movement in the market, cryptocurrencies like Bitcoin, Ethereum, and Solana have continued to outperform traditional assets, including Gold. According to a recent report by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM),
Traders’ positions in the market signal a certain level of excitement surrounding the potential arrival of spot Ethereum ETFs in the United States. While the past week may have been relatively uneventful, projections from K33 research indicate that these investment vehicles could attract an estimated $4 billion within the first five months post-launch. The upcoming
Bitcoin, the enigmatic digital currency, is once again at the forefront of discussions as the US banking system faces increasing pressure. With predictions ranging from a meteoric rise to $1 million per coin to skepticism about its long-term viability, the future of Bitcoin remains uncertain. Advocates of Bitcoin tout its finite supply and decentralized nature
In the tumultuous world of cryptocurrency, Binance Coin has faced its fair share of challenges in 2024. The exchange has been embroiled in legal battles in various jurisdictions, with a recent high-profile case unfolding in Nigeria. This confrontation led to the detention of local company executives, casting a shadow of uncertainty over the future of
The upcoming House Appropriation budget may have a significant impact on the US Securities and Exchange Commission’s controversial Staff Accounting Bulletin 121 (SAB 121). The bill, which is set to prohibit the SEC from using appropriated funds to implement the rule, has sparked discussions and debates within the financial sector. FOX Business reporter Eleanor Terrett
The upcoming auction at Sotheby’s on June 18 will feature a carefully curated selection of Bored Ape Yacht Club-centric Ethereum NFTs from Yuga Labs. This auction is not only a commercial event but also a way to measure the fine art community’s interest and the long-term value of Ape-themed digital assets. One of the highlighted
Binance, one of the top global blockchain ecosystems and cryptocurrency exchanges, recently announced the launch of their very first Binance World Championship. With a total rewards pool exceeding $4.2 million, this event signifies a significant milestone for the platform. The primary goal of the championship is to recognize the diverse range of users on Binance
The market is currently underestimating the importance of Washington’s evolving attitude toward cryptocurrencies, according to Bitwise CIO Matt Hougan. He mentioned in a recent memo that the US political landscape has shifted significantly towards a more positive stance on crypto in recent weeks. Hougan believes that if the impact of these political shifts had been
The world of cryptocurrency has seen a surge in the popularity of meme coins, with new tokens constantly emerging and capturing the attention of investors. One such example is the frog-themed Brett (BRETT) coin, which has experienced a significant spike in value recently. Introduced just three months ago, BRETT started gaining traction towards the end