FTX, a bankrupt cryptocurrency exchange, has faced objections from creditors regarding its proposed reorganization plan. The creditors, including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, have raised several concerns. They argue that the plan fails to address property rights issues, does not meet the best interest test, and presents inconsistent debtors
The founder of the on-chain analytics platform LookIntoBitcoin, Philip Swift, recently pointed out the substantial increase in global liquidity, which has just hit a new all-time high (ATH). Swift emphasized that this was a crucial indicator of how Bitcoin can soar in the current bull run. The global liquidity has surged to $94 trillion, nearing
Semler Scientific, a California-based med-tech company, has recently made headlines with its decision to invest heavily in Bitcoin. With the purchase of an additional 247 BTC for $17 million, Semler now holds a total of 828 bitcoins, acquired for $57 million in total. This move signals a significant shift in the company’s investment strategy, as
McDonald’s Singapore has taken a bold step into the metaverse with the creation of a new digital environment called “My Happy Place.” Developed in partnership with Bandwagon Labs, this virtual space is accessible through the official McDonald’s app and offers a unique blend of real-world and virtual experiences. The initiative also provides special benefits for
The recent surge in Bitcoin’s price to $70,000 has sparked excitement among investors, especially long-term holders who have now entered the profit zone. The Coinbase Premium Index (CPI) turning positive is seen as a bullish signal, particularly among US-based investors. The Coinbase Premium refers to the price difference between Bitcoin on Coinbase and other major
As Ethereum price attempted to break past the $3,885 resistance level, it instead faced a downside correction. Currently, ETH finds itself below the $3,800 mark and risks sliding further towards $3,720. The failure to clear crucial resistance levels has raised concerns among traders and investors alike. The hourly chart of ETH/USD shows a bearish trend,
The concept of the metaverse is no longer a distant idea but a reality that is transforming the digital world and redefining how we engage with it. Creating a metaverse app is a challenging yet fulfilling task that requires a mix of creativity, technical expertise, and a deep understanding of the digital landscape. This guide
Kraken, a well-established cryptocurrency exchange in the United States, is reportedly planning a substantial funding round in preparation for a potential initial public offering (IPO) next year. The exchange has set its sights on raising $100 million, a move that would position it as the second publicly traded pure-play crypto exchange globally, following in the
Tokenization is not merely a trend but a transformative evolution in the financial industry. Nadine Chakar, DTCC Digital Assets global head, emphasized the game-changing potential of tokenizing real-world assets during her testimony before the House Financial Services Subcommittee on Digital Assets. This innovative approach has the power to simplify complex financial processes and enhance market
Financial guru and author Robert Kiyosaki has recently made a bold prediction regarding the price of Bitcoin (BTC). In a tweet, Kiyosaki confidently stated that he believes BTC will reach $350,000 by August 25th. While acknowledging that his prediction may seem like “suckers bait,” Kiyosaki stands firm in his belief that any forecast about the
