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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Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom
The Puell Multiple bounces from its latest rare trip into the "buy" zone, and previously, BTC/USD has subsequently put in a macro bottom. 3201 Total views 8 Total shares A classic Bitcoin (BTC) on-chain indicator has seen a “hell of a bounce” even as price action stays uncertain.In a tweet on July 9, Philip Swift,…
JPMorgan’s Blockchain Offshoot Kadena Gets First Ever Token Listing
Kadena preps its first ever listing on Bittrex Global, with initial trading pairs including Bitcoin and Tether. 624 Total views 22 Total shares Bittrex Global, one of the world’s most popular platforms for trading cryptocurrencies, is about to become the first crypto exchange to list a token by JPMorgan’s blockchain spin-off Kadena.Kadena token (KDA), is…
Northern Data wants to sell Peak Mining to invest in AI expansion
The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year.
Bitcoin Hash Rate Passes Record 150 Quintillion as Price Reclaims $9K
Bitcoin (BTC) miners have set a fresh all-time high in terms of computing power they are willing to dedicate to validating transactions.Cryptocurrency market daily overview. Source: Coin360Pomp: Hash rate shows BTC “doesn’t care about anything”According to data from monitoring resource Coin Dance on March 5, the Bitcoin network hash rate may have passed 150 quintillion…
Long Squeeze Incoming? 3 Reasons Why Bitcoin Price May Correct Sharply
The price of Bitcoin (BTC) rose slightly above $9,900 on BitMEX, rising by nearly 9% within less than 48 hours since May 16. Despite the impressive recovery, the top ranked digital asset on CoinMarketCap faces a risk of a major long squeeze in the near-term.Three factors that suggest the price of Bitcoin may correct following…
Coinbase invests in US-based mining firm amid industry diversification efforts
Coinbase Ventures, the investment arm of the major crypto exchange, has invested an undisclosed amount into Titan, a developer of software and services targeted at industrial Bitcoin (BTC) mining.According to Titan’s announcement, the investment will help continue development of the company’s products and improve efficiency and profitability of Bitcoin mining companies.Ryan Condron, co-founder and CEO…
Ecosystem expansion and $45M funding round boost Boba Network (BOBA) price by 30%
The institutional adoption of cryptocurrencies has been gaining momentum over the past couple of years due to venture capitalists and money managers looking to the crypto market as the next investment class that will offer the greatest return. The Boba Network (BOBA) is the most recent protocol to benefit from institutional interest and the long search…
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets. 197 Total views 1 Total shares The Hong Kong Monetary Authority (HKMA) is gearing up for the second phase of the e-HKD (e-Hong Kong dollar) pilot program as it announced the