Colossal Buying Pressure For Bitcoin And Solana As FTX Plans $16B Distribution, Expert

In a significant development for the cryptocurrency industry, FTX, the exchange that collapsed in November 2022 under the leadership of convicted Sam Bankman-Fried, is preparing to distribute a staggering $16 billion in cash to its customers, which could lead to significant gains for Bitcoin (BTC) and Solana (SOL) prices.  Crypto researcher Xremlin has predicted that… Continue reading Colossal Buying Pressure For Bitcoin And Solana As FTX Plans $16B Distribution, Expert

FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

FTX, the failed crypto exchange, will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties stemming from the platform’s fraudulent collapse in November 2022.  The decision by Judge John Dorsey marks a significant step forward in the two-year-long bankruptcy proceedings, as voting by creditors plays a pivotal role in… Continue reading FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?

In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.  The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday’s early trading session.… Continue reading FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?

FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors

According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried.  In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX. Sam  Bankman-Fried And Insiders Settle Per… Continue reading FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors

Bitcoin: Expect The Unexpected – Analyst Sees Unconventional Bull Run Post-Halving

Bitcoin has been moving lower ahead of the Halving event, going against analysts’ expectations. This price action has been unexpected and shows how the coin tends to go against predictions, basically charting its path.  Bitcoin Breaking The Mold In light of Bitcoin’s randomness, especially in the past few months following the approval of spot exchange-traded… Continue reading Bitcoin: Expect The Unexpected – Analyst Sees Unconventional Bull Run Post-Halving