Appeals court orders an independent scrutiny of FTX bankruptcy
The federal appeals court in Philadelphia ordered that an independent examiner be appointed to scrutinize the FTX collapse. Bankruptcy court judge John Dorsey had earlier denied the trustee’s request. A federal appeals court has ordered following a three-judge bench decision…
Crypto Lender Nexo Sues Bulgaria For $3B Over ‘Politically Motivated’ Investigation, Office Raid
Crypto lender Nexo AG on Wednesday said it filed a lawsuit against the Republic of Bulgaria for more than $3 billion for “wrongful and politically motivated actions” against its employees. The lawsuit, filed at the International Centre for Settlement of…
Crypto Trader Loses $250,000 In January, Swears Off Leverage: I’m A ‘Changed Man Now’
An anonymous cryptocurrency trader, aptly named “Tarded Degen Gambler,” shared a screenshot of a massive six-figure trading loss on X (formerly Twitter). But the reaction he received to sharing his losses was anything but encouraging. What Happened: The trader in…
BitMex CEO Precicts Bitcoin’s Local Bottom Is $30K, Earns Nickname ‘New Cramer’
BitMex founder and CEO Arthur Hayes sees $40,000 as a difficult level for Bitcoin (CRYPTO: BTC) to maintain. Expect a local bottom between $30,000 and $35,000, Hayes predicts. What Happened: “I believe Bitcoin will dip before the BTFP renewal decision…
US SEC postpones judgment on BlackRock’s Ethereum spot ETF; industry insiders and Chairman Gensler’s views
Predictably postponed On the 24th, the US SEC postponed the decision on BlackRock’s application to list the physical Ethereum (ETH) ETF for 45 days. BlackRock filed its application with the SEC last November, and public comment began in December. As…
US dollar falls ahead of GDP, inflation data; Fed in focus
Published by Reuters UK By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar dropped on Wednesday, taking a breather from recent gains, as investors consolidated positions and looked to economic data this week and the Federal Reserve policy meeting next…
Is Satoshi Nakamoto Still Relevant In 2023?
Published by Benzinga Photo byKanchanara onUnsplash On October 31, 2008, the mysterious figure Satoshi Nakamoto released an unprecedented paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.†The timing was uncanny. The US and the world were still reeling from the…
Why BlackBerry Shares Are Trading Lower By Over 17%? Here Are Other Stocks Moving In Wednesday’s Mid-Day Session
Published by Benzinga Shares of BlackBerry Limited (NYSE: BB) fell sharply during Wednesday’s session after the company announced a proposed private offering of $160 million of convertible senior notes. BlackBerry shares tumbled 17.2% to $2.9387 on Wednesday. Here are some…
Bitcoin Miner Hut 8 Hits Back At Short Seller’s Pump-And-Dump Allegations
Published by Benzinga Bitcoin miner Hut 8 (NASDAQ:HUT) hit out on Wednesday against what it called “false and misleading†claims by an activist short seller regarding the company’s merger with mining peer US Bitcoin Corp (USBTC). J Capital Research unveiled…
Cryptos: Why Did Spot Bitcoin ETF Approval Cause Prices to Decline?
Published by Barchart The cryptocurrency markets had waited years for the SEC to approve a spot Bitcoin ETF. In late 2017, Bitcoin began trading on the Chicago Mercantile Exchange (CME), ushering in the first regulatory validation of the leading cryptocurrency….