Solana has gained the favor of institutional investors recently which has seen a marked increase in the amount of inflows that the altcoin has recorded. This trend has continued with last week’s numbers which show a significant amount of inflows for Solana compared to the likes of Ethereum. Solana Inflows Reach $15.5 Million According to data from the latest CoinShares report, the inflows into Solana for the last week came out to $15.5 million. This came while some altcoins such as Ethereum saw outflows for the week. For context, Ethereum…
Day: October 23, 2023
FTX Creditors’ Lawyers Promote Deal Giving Investors 90% of What’s Left in Sam Bankman-Fried Empire
CryptoX – Cryptocurrency Analysis and News Portal But the bankruptcy negotiation was always aimed toward a settlement, because it gets money into people’s hands much more quickly, Paul explained. The lawyers have until Dec. 1 to get a 75% approval rate from the 60 individuals and entities in their group and with any investors who sign up as members in the coming weeks. Original Source The post FTX Creditors’ Lawyers Promote Deal Giving Investors 90% of What’s Left in Sam Bankman-Fried Empire appeared first on CryptoX. CryptoX Portal
FTX Creditors’ Lawyers Promote Deal Giving Investors 90% of What’s Left in Sam Bankman-Fried Empire
But the bankruptcy negotiation was always aimed toward a settlement, because it gets money into people’s hands much more quickly, Paul explained. The lawyers have until Dec. 1 to get a 75% approval rate from the 60 individuals and entities in their group and with any investors who sign up as members in the coming weeks. Source
Mysterious wallet linked to Abraxas darknet moves $144m to Bitcoin mixer
A $144 million Bitcoin transaction has been uncovered linked to the defunct Abraxas darknet market, which shut down in 2015. Blockchain analyst ZachXBT has uncovered a mysterious transaction involving 4,800 BTC, equivalent to roughly $144 million. The wallet in question has been linked to the Abraxas darknet market, an underground trading platform that ceased operations under mysterious circumstances in November 2015, clearing out all user funds. The linked wallet consolidated the BTC into a single transaction before depositing the funds into a Bitcoin mixer, a method that obscures the origins…
US Court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETF
The United States Court of Appeal has issued a mandate following a decision requiring Grayscale Investments application for a spot Bitcoin exchange-traded fund to be reviewed by the Securities and Exchange Commission (SEC). In an Oct. 23 filing in the U.S. Court of Appeals for the District of Columbia Circuit, the “formal mandate” of the court took effect, paving the way for the SEC to review its decision on Grayscale’s spot Bitcoin (BTC) exchange-traded fund, or ETF. The mandate followed the court’s initial ruling on Aug. 29 and the SEC failing…
Blockchain Association director of government relations recaps speaker candidates’ records on cryptocurrency
Since Oct. 3, when lawmakers removed then-Speaker of the House of Representatives Kevin McCarthy, no legislation has made significant progress through the United States Congress. In an Oct. 23 post, The Blockchain Association’s director of government relations, Ron Hammond, provided an update on the tangential elements on crypto-related issues. Lack of stablecoin regulation As part of the thread, Hammond shares that the race for the Speaker position has attracted numerous candidates who are notably pro-crypto. 1) This week in Congress and crypto: Another week of House Speaker drama and intense…
Regulators around the globe assert more control over crypto: Law Decoded
In the last week, several major financial regulators, both national and international, simultaneously produced new guidelines for decentralized assets. The European Banking Authority and the European Securities and Markets Authority proposed guidelines for assessing the suitability of management members in crypto firms, offering standardized criteria for evaluating their knowledge, expertise, integrity and ability to dedicate adequate time to fulfill their responsibilities. The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) proposed to oblige banks to provide both quantitative and qualitative data on exposures to crypto assets…
Soaring Bitcoin (BTC) Price Hits Crypto Bears with $100M of Short Liquidations
The liquidations occurred as bitcoin rallied 4% to surpass the $31,000 price level for the first time since July, extending its October advance. Most of the alternative cryptocurrencies, or altcoins, also soared, with Chainlink’s LINK, Polygon (MATIC) and Polkadot (DOT) posting 6% to 10% advances at one point. Source
Grayscale (GBTC) Spot Bitcoin (BTC) ETF Court Ruling Made Final
The ball now returns to the SEC’s court, where the agency could choose to approve Grayscale’s application or perhaps reject it on other grounds. The SEC is also in the process of making decisions on numerous other spot bitcoin ETF applications, including those from asset management giants BlackRock, Fidelity and Franklin Templeton. Original
$35,000 The Next Key Level To Break For Bitcoin, Here’s Why
Bitcoin has now broken the $31,000 mark with its latest rally. According to on-chain data, the level could be the next major milestone for BTC. Bitcoin Realized Price Of 2021 Holders Is $35,000 At The Moment In a new post on X, analyst James V. Straten has discussed the profit/loss situation of the different yearly Bitcoin buyer cohorts. The indicator of interest here is the “realized price,” which keeps track of the average price at which investors in the BTC market bought their coins. When the asset’s spot price is…