A federal bankruptcy court just pulled the plug on the naming rights deal between FTX and Miami-Dade County, clearing the way for the fallen crypto giant’s logo to get scrubbed from the Miami Heat’s NBA arena. Once the third-biggest cryptocurrency exchange around, FTX went down in flames, racking up losses between $8 billion and $10…
Ukraine’s big-name pharmacy chain, ANC Drugstore, is jumping into the crypto game, partnering with Binance Ukraine to let customers pay with Bitcoin via Binance Pay. Announced on January 3, 2023, the move means folks can now snag meds and health goodies online from ANC’s 1,000-plus stores and settle up instantly—starting with a rollout in Kyiv….
Bitcoin’s finally shaking off the doldrums, climbing past $18,000 after weeks of treading water—and it’s got some upbeat Consumer Price Index (CPI) data to thank. The crypto king’s riding a wave alongside other coins, with BTC/USD hitting $18,000-plus in Thursday’s trading, per TradingView data. It’s the highest it’s been since November 9, a welcome jolt…
The former CEO of BitMEX Arthur Hayes believes that the price of bitcoin may have reached its lowest point now that the majority of “irresponsible businesses” have run out of bitcoin to sell. The worst may have happened for Bitcoin, as stated by the former CEO of the marketplace for cryptocurrency derivatives since there are…
Even as the FTX collapse sent shockwaves through the crypto world, institutional investors aren’t backing away—they’re doubling down. Data from Bitstamp, a major cryptocurrency exchange, shows a surprising 57% spike in institutional registrations on its platform in November compared to October, right when the FTX saga was dominating headlines. It’s a bold move that flies…
Bitcoin’s big players—those holding at least 1,000 BTC, worth about $17 million each—are dwindling. According to Glassnode’s December 3, 2022, data drop, the number of these whale wallets has sunk to a three-year low of 2,063. It’s a sign the crypto titans might be losing their nerve amid shaky market vibes. Looking back, history hints…
Bankrupt crypto exchange FTX has said it could have more than a million creditors on its books. The revelation was made in a new filing at the United States Bankruptcy Court for the District of Delaware, handling the company’s chapter 11 proceedings. FTX wants to combine creditor lists In the filing, FTX seeks permission from the court…
The fallout from FTX’s collapse just keeps getting messier. According to a bombshell court filing from the bankrupt crypto exchange, FTX owes a jaw-dropping $3.1 billion to its top 50 creditors alone. That’s right—just 50 names account for a debt pile that’s left over a million clients and investors reeling from losses in the billions…
Bitcoin took a nosedive in the last 24 hours, leaving fans stunned and the market scrambling. Many figured the FTX collapse drama had mostly blown over, but analytics outfit Santiment says there’s more to this tumble than meets the eye—and it’s not just old news. Santiment, a go-to for on-chain crypto insights, points the finger…
More than six governmental regulatory bodies, including the U.S. SEC, CFTC, DOJ, California and other municipal governments in the US, the Bahamas, and the Japanese Financial Services Agency, have stated that they are looking into FTX occurrences. The Bahamas Securities Commission freezes FTX’s assets According to a statement released by the Bahamas Securities Commission on Thursday, the…