US Trustee challenges FTX reorganization plan, citing legal concerns
The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations.
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Great buy? Bitcoin trades at record 59% below stock-to-flow BTC price model target
Bitcoin (BTC) has never been as far below its target price as it is now, the stock-to-flow model shows this week.In a tweet on July 10, Lex Moskovski, chief investment officer at Moskovski Capital, showed stock-to-flow flagging a historic moment in Bitcoin's twelve-year lifetime."Great buying opportunity"With BTC/USD showing few signs of a genuine bullish recovery,…
How relevant is the $900M open interest on Bitcoin options above $100K?
Bitcoin (BTC) is fast approaching its worst monthly performance in a decade, but some investors are using this as an opportunity to buy ultra-bullish long-term derivatives. There are currently over $900 million in call (buy) options aiming at $100,000 and higher, but what exactly are those investors seeking?Options instruments can be used for multiple strategies,…
Miner returns over $500k in BTC transaction fee overpayment to Paxos
Bitcoin explorer Mempool shared blockchain data that confirmed the funds were sent back on Sept. 15. 126 Total views 2 Total shares The Bitcoin (BTC) miner who received the 19.8 BTC in fees has returned the funds to blockchain infrastructure firm Paxos, after its claims that the company made the mistake of paying over $500,000
AT&T's latest massive breach shows the peril of data centralization
A 24-year-old hacker infiltrated AT&T systems — and accessed data on more than 100 million people. Decentralizing data could limit similar risks in the future.
Binance vs. CFTC: Latest court battle could alter crypto landscape in US
Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators. However, when it comes to the United States, the exchange has found itself in the cross-hairs of multiple agencies.A number of United States financial regulators have ongoing investigations…
Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted
Decentralized finance protocol Aave has finally launched its new algorithmic dollar-pegged stablecoin GHO on Ethereum. 127 Total views 2 Total shares Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19 million worth of GHO minted so far.Aave announced the launch of the new stablecoin…
Caitlin Long reveals the ‘real reason’ people are selling crypto
"Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets," said Long. 526 Total views 1 Total shares The founder and CEO of Avanti Financial is claiming Tether’s recent disclosure about the stablecoin's reserves may have contributed to the altcoin selloffs last week.In a series of Saturday tweets,…
Bitcoin Not Accepted: Burger King’s Crypto Foray Short-Lived
The German branch of Burger King has begun accepting Bitcoin (BTC) on its website and mobile app, as reported by Cointelegraph on Sept. 3. But has the initiative increased consumer demand for the company’s fast food, and is it really possible to buy the popular Whopper burger with Bitcoin? What difficulties has the restaurant faced in its…