Author: e_cash_top
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FTX creditors ask for names and info to be redacted from court filings
[ad_1] Several former FTX customers have asked for their names removed from court filings, according to a Wall Street Journal report on Dec. 29. In a legal filing from the day prior, customers requested a court order that would remove their names and other identifying information from public documents. Those customers suggested that, if their…
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Bitcoin investors look to 2023 after disappointment of Santa rally that never was
[ad_1] The run-up to Christmas was filled with hope for a Santa rally that would close the year on a high note. Unfortunately, the three days before Christmas Day saw price stagnation, with Bitcoin moving in a tight range between $16,585 and $16,940 over this period. Likewise, Dec. 25 resulted in a flat 0.8%, or…
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The Bearish case for Bitcoin as 2022 ends
[ad_1] Amid arguably the coldest winter in Bitcoin’s history, its price has fallen by more than 70% from its Nov. 10, 2021, all-time high of $69,044.77, while its market cap is down to $318.943 billion from the yearly high of $902.04 billion — a 64.64% decline. Let’s take a look at some metrics that can…
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Disputed Robinhood shares may be moved to neutral account at BlockFi’s request
[ad_1] The judge overseeing BlockFi’s ongoing bankruptcy case agreed today to review a request that could see 56 million Robinhood shares moved to a neutral location, according to a report from the Wall Street Journal on Dec. 28. The judge has not yet agreed to move the assets to a neutral account. The matter will…
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Old tweet from Shiba Inu lead resurfaces teasing end of year development
[ad_1] Twitter user @ShibaInuHodler drew speculation over a message posted by Shiba Inu Lead Developer Shytoshi Kusama in January 2022. “Shytoshi is hinting at something for the #SHIB community!!! New Partnership incoming?! #shibarium?” Shytoshi’s somewhat cryptic message mentioned a discussion with his mentor and the agreement that by the end of 2022, “it will become…
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The FTX collapse is likely the bottom for the crypto market, if this one thing happens
[ad_1] When investors put money on an exchange, they shouldn’t have to worry if it’ll vanish tomorrow. Their only worry should be the price of their Bitcoin, Ethereum or other cryptocurrency investments. As much as we don’t want overregulation, the crypto industry needs a transparent framework. More Crypto Companies Could Go Bankrupt In FTX’s Wake…
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Celsius, FTX, Voyager users sell bankruptcy claims for pennies on the dollar
[ad_1] Hundreds of Celsius, FTX, and Voyager customers have opted to avoid the bankruptcy process by selling their claims for a fraction of their face value, the Wall Street Journal reported. Mt. Gox serves as a reminder of what may lie ahead Bankruptcy administration can take many years to resolve depending on the case’s complexity.…
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Binance secures 14 licenses, grows headcount to 7,500 in 2022
[ad_1] Binance saw steady growth in 2022, securing 14 licenses and increasing its headcount to 7,500 people representing over 100 nationalities. It also grew its compliance team to 750 people from 500. As of the end of 2022, the exchange serves over 120 million users from all over the world. CEO Changpeng (CZ) Zhao said:…
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Pudgy Penguins transaction volume surges 599% in 7 days
[ad_1] NFT collection Pudgy Penguins‘s transaction volume recorded a 599% surge in the past seven days and reached 1,534 Ethereum (ETH), WuBlockchain reported. The collection was launched in July 2021 and includes 8,888 pieces with 4,487 owning wallets, corresponding to a 50% unique owner rate. Around 44% of the NFTs have been held by wallets…
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BTC miner balances poised for selloff as sell pressure increases
[ad_1] Bitcoin (BTC) miner balances started at 1.82 million BTC at the beginning of the year. Despite peaks of capitulation and significant selloff volume, BTC miner wallets still sit at a flat 1.8 million BTC. Mining rewards held in BTC miners’ wallets saw a sharp decline starting in August, likely due to the Poolin exodus.…