Day: December 16, 2023

FTX debtors will assess values of crypto claims based on petition date market prices

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The debtors of the now-defunct cryptocurrency exchange FTX have filed the amended Chapter 11 plan of reorganization which indicates the value of customer asset claims will be retroactively set to the time when the exchange collapsed in November 2022.  In a recent court filing in the United States Bankruptcy Court for the District of Delaware the debtors outlined that “customer entitlement claim” refers to any claim, regardless of type of nature, against the exchange aimed at compensating the holder based on the value as of the petition date. FTX Debtors…

Polygon (MATIC) Price Faces Crucial Turning Point That Could Trigger 50% Rally, Analyst Says

Polygon (MATIC) is the altcoin in focus this time around as an analyst provides an analysis of the crypto token. Based on this analysis, there is a feeling that things could soon begin to look up for MATIC. Polygon Could See Significant Rally Soon In a video shared on the Cheeky Crypto YouTube Channel, crypto analyst JB noted that MATIC has declined following Bitcoin’s pullback. However, this move is unexpected as he believes that the crypto token’s decline to the particular retracement area sets it up nicely for an upward…

Hodler’s Digest, Dec. 10-16 – Cointelegraph Magazine

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Top Stories This Week BlackRock revises spot Bitcoin ETF to enable easier access for banks BlackRock has revised its spot Bitcoin exchange-traded fund (ETF) application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash rather than just crypto. The new in-kind redemption “prepay” model will allow banking giants such as JPMorgan or Goldman Sachs to act as authorized participants for the fund, letting them circumvent restrictions that prevent them from holding Bitcoin or crypto directly on their balance sheets. El…

exploring RebelSatoshi, FTX Token, and Terra LUNA

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. For beginner cryptocurrency investors, a few gems can turn out to be profitable: Rebel Satoshi ($RBLZ), FTX Token (FTT), and Terra (LUNA). Let’s dig deep to understand what makes $RBLZ, FTT, and LUNA some of the best altcoins to buy. TLDR Rebel Satoshi ($RBLZ) surges 80% to reach Warriors Round 2 of the presale.  FTX Token (FTT) is predicted to drop below $4 after a massive surge in price. …

NFT Trader hacked, millions of dollars in NFT stolen

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Peer-to-peer trading platform NFT Trader suffered a security breach on Dec. 16, allowing hackers to steal millions of dollars worth of nonfungible tokens (NFTs).  NFT Trader confirmed the incident on X (formerly Twitter), saying the attack targeted old smart contracts, urging users to revoke delegations to two addresses: 0xc310e760778ecbca4c65b6c559874757a4c4ece0 and 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af. Among the NFTs stolen are at least 13 Mutant Ape Yacht Club and 37 Bored Ape tokens, as well as VeeFriends and World of Women NFTs, making up to losses of nearly $3 million, according to Revoke.cash. The hack…

Learn How To Trade Bitcoin

As a Bitcoin trader, the risks but also rewards are quite high, making it a captivating endeavor for those willing to delve into the world of digital currency trading. Bitcoin’s unique combination of volatility and potential for significant returns has captured the attention of traders globally. In this comprehensive guide, we will explore how to trade Bitcoin effectively, ensuring you are well-equipped with the knowledge to navigate this dynamic market. From the basics of Bitcoin trading strategies to identifying the best platform to trade Bitcoins, we will cover it all. What…

SEC chair, lawmakers are ‘gaslighting’: CryptoLaw founder

CryptoLaw founder John E. Deaton is clapping back at U.S. Securities and Exchange Commission (SEC) chair Gary Gensler after a proposal from Coinbase to create new crypto-specific rules was rejected. This week, the SEC rejected Coinbase’s 30-page “petition for rulemaking.” Gensler contends that the current securities framework adequately governs crypto asset securities and is actively addressing the crypto securities markets through rulemaking and enforcement.  The SEC’s decision prompted Coinbase to file an immediate court challenge. The company has sought a review from the U.S. Court of Appeals for the Third…

Tether responds to US lawmakers’ calls for DOJ action

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Tether, the company behind the stablecoin Tether (USDT), disclosed letters directed to U.S. legislators, addressing requests for intervention by the Department of Justice in relation to the illicit use of its stablecoin. The communications were sent to members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee on Nov. 16 and Dec. 15, detailing “Tether’s commitment to fighting illicit use of stablecoins.” The letters aim to answer calls from Senator Cynthia Lummis and Representative French Hill from October, urging the DOJ…

Ripple Executive Give 3 Bold Predictions On Crypto Regulations In 2024

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As the crypto market gears up for 2024, the chief legal officer of blockchain payment company Ripple, Stu Alderoty, has released three projections on crypto regulations that could impact investors’ confidence ahead of a year expected to start the new bull cycle by many analysts.  Ripple And SEC To End Legal Tussle In 2024, Alderoty Says In an X post on Friday, December 15,  Ripple shared the predictions of Alderoty on policy and US regulations in 2024. The post included three bold forecasts by the company’s chief legal officer, which…

How did social media move crypto?

Here are the key moments in 2023 where social media posts fueled significant rallies and sparked heated debates.  Twitter, now doing business as X, wields substantial influence on the crypto market. Tweets are capable of sparking rapid changes in investor sentiment and market trends. This year, the social media platform — under the helm of Tesla CEO Elon Musk — has been abuzz with everything from groundbreaking announcements by major crypto players to heated criticism from experts.  Let’s explore some standout tweets from 2023 and their impact on the crypto…