Leading altcoins, such as BNB, Dogecoin (DOGE), and Solana (SOL), have already signaled a fresh bull leg ahead, sparking optimism among investors and enthusiasts alike. With Bitcoin dominance showing signs of an inevitable reversal in the near term, crypto cash rotation is expected to favor the altcoin industry before the
Ex-CEO and founder of BlockFi Zac Prince has spoken out about the crypto lender’s insolvency and his future ambitions for the business and himself. Among the most noteworthy points brought up by Zac Prince was the update about the bankruptcy process’s effectiveness. His decision to be silent up to this
U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, has granted approval for FTX to sell its stake in Anthropic, the artificial intelligence company, marking a significant move for the cryptocurrency exchange’s post-collapse recovery. FTX’s initial $500 million investment in the AI-developing start-up Anthropic in 2021 secured them a 13.56% equity
Court documents filed on February 3 show that defunct cryptocurrency exchange FTX is requesting permission to sell all of its shares in artificial intelligence company Anthropic. FTX moved the US Bankruptcy Court for the District of Delaware to sell Alameda Research’s Anthropic Series B Preferred Stock and any rights or
FTX, the troubled cryptocurrency exchange under the leadership of Sam Bankman-Fried, has announced its intention to entirely reimburse customers and creditors affected by its bankruptcy proceedings. The company assured the judge overseeing the case that individuals who can substantiate their losses are poised to recover their entire investments. However, the
Solana-based Bonk Inu (BONK) has been trending lately after the announcement of a Coinbase listing. Bonk surged over 500% after the news emerged. While this causes a lot of excitement within the Solana ecosystem, market analysts are warning of a selloff on the horizon. Their optimism lies in Retik Finance
In a surprising revelation on X, Billy Markus, co-founder of Dogecoin, sheds light on the ambitious island acquisition plan of Sam Bankman-Fried, the now-bankrupt creator of the FTX cryptocurrency exchange. The plan, aimed at securing a future amidst apocalyptic scenarios, has sparked both curiosity and ethical concerns within the crypto
In his last remarks at the recently ended Ripple Swell Conference in Dubai, Ripple Labs Inc. CEO Brad Garlinghouse hinted at what he sees as the next step for the cryptocurrency sector. According to Garlinghouse, the regulatory pattern chosen over the crypto business in the U.S SEC needs to alter.
The insolvent cryptocurrency exchange FTX petitioned in court last Friday, November 3, to sell off crucial Trust funds worth a total of $744 million. Some of the funds are held by custodial service provider Bitwise and cryptocurrency asset management Grayscale, as shown by the filing. One Bitwise trust is holding
Investors are expecting an eventual rise in Bitcoin prices after the anticipated U.S SEC approval of a Bitcoin spot ETF, which is projected to drive more capital. Meanwhile, during its meeting in November, the Federal Reserve decided to leave interest rates unchanged. The next decision by the central bank might
