FTX Debtors recently submitted an amended Chapter 11 reorganization plan that paints a bleak picture for the defunct crypto exchange’s creditors. The proposed plan evaluates the value of creditors’ claims based on cryptocurrency prices from November 11, 2022, the day FTX filed for bankruptcy. Unfortunately, this date coincides with a severe dropdown in the crypto
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FTX Debtors recently submitted an amended Chapter 11 reorganization plan, which has the potential to lead to substantial losses for the creditors of the now-defunct cryptocurrency exchange. The plan proposes valuing the creditors’ claims based on the cryptocurrency prices on November 11, 2022, the day FTX filed for bankruptcy. Unfortunately for the creditors, this date
Cryptocurrency markets have witnessed a recent surge, and this momentum has spilled over into the realm of decentralized finance (DeFi). Historically, decentralized exchanges (DEX) have lagged behind their centralized counterparts (CEX) in terms of trading volume. However, the market rally has breathed new life into DEXs, although at a slightly slower pace. Platforms like Uniswap,
In a recent press release, the United States Department of Justice (DOJ) has unveiled the shocking details of a sophisticated crypto Ponzi scheme that defrauded unsuspecting investors of approximately $25 million. This audacious fraud involved two individuals, David Gilbert Saffron of Australia and Vincent Anthony Mazzotta Jr. of California, who shamelessly marketed their fraudulent crypto
The cryptocurrency market experienced a minor setback this week, with the global market cap receding by 3% from $1.64 trillion to $1.59 trillion. However, within this correction, certain cryptocurrencies stood out with mixed price actions. XRP, Cardano (ADA), and Shiba Inu (SHIB) took center stage, capturing the attention of investors and analysts alike. XRP, the
The world of cryptocurrencies is always buzzing with anticipation and speculation. Investors and enthusiasts eagerly await predictions about the future of Bitcoin and other digital assets. One notable forecast comes from Ryan Lee, the chief analyst of Singaporean exchange Bitget. In an insightful analysis, Lee lays out his Bitcoin price predictions for 2024. Let’s delve
The decentralized finance (DeFi) sector has witnessed a remarkable surge in Cardano’s (ADA) total value locked (TVL). In a span of just two months, Cardano’s TVL has soared by over 180%, elevating its standing in the DeFi landscape. This impressive growth rate highlights Cardano’s potential and reflects its growing popularity among investors and users. Indigo:
In the year 2023, Ethereum’s native cryptocurrency, Ether (ETH), has made an impressive recovery after the devastating losses experienced in 2022. According to data from CoinGecko, ETH has reached a price point of around $2,400, although it still trails behind its all-time high of over $4,800 achieved in November 2021. The recent uptrend in ETH
The price of Optimism (OP), the native token of the Optimism network, has faced some challenges in the past week after a promising bullish momentum. While the cryptocurrency has managed to retain most of its recent gains, it is currently struggling to continue its upward trajectory. A recent on-chain analysis suggests that there may be
Bitcoin made an attempt to break the $43,000 level over the weekend, but its efforts were short-lived as the cryptocurrency failed to sustain its momentum. After reaching a new 19-month peak on Saturday, bitcoin started retracing slowly on Sunday. However, Monday saw a significant drop of $3,000, bringing its price to just under $41,000. The