Category: Reviews

FTX Bankruptcy Fees Reach $53,000 per Hour, Crypto Exchange Still Owes Over $1B

Even with the owed fees it has paid in trying to deal with bankruptcy issues, FTX continues to face mounting challenges. The collapse of cryptocurrency exchange FTX, previously valued at $32 billion, has resulted in exorbitant legal and advisory fees amounting to an average of $53,000 per hour within three months. According to recent filings with the bankruptcy court, FTX attempted to address its insolvency issues by spending an astounding $118.1 million on professional services between August 1 and October 31 of this year. This equates to more than $1.3…

Crypto Stocks Down during Pre-market Hours as BTC Price Drops to $41K

COIN, MSTR, HOOD and crypto mining stocks MARA and RIOT are down today during pre-market hours while Bitcoin price is below $41,000. Today Bitcoin price is down. The major crypto asset is treading below $41,000 this morning. The main crypto stocks in the pre-market are also in the red zone. Coinbase Global Inc (NASDAQ: COIN) is down 3% and is trading at around $143. MicroStrategy Inc (NASDAQ: MSTR) stock is down over 3%, trading at $551. Marathon Digital Holdings Inc (NASDAQ: MARA) is trading at around $17, which means that…

Ordinals-based Tap Protocol Raises $4.2M to Advance Bitcoin Adoption

Tap Protocol seeks to continue building new Bitcoin applications, ranging from fractionalization of Ordinals art and token functions for gaming applications.  Trac Systems, a German-based company and the parent entity of Tap Protocol, recently announced the completion of a funding round where it pulled the sum of $4.2 million from investors. The funding round was led by Sora Ventures and the capital raised is earmarked for the continued development of the company’s initiatives, particularly in the Bitcoin (BTC) ecosystem.  Trac Systems Funding: Ultimate Goal Trac Systems has been gaining attention…

Solana’s Saga Phones Selling at Premium $5,000 on eBay as Bonk Price Rally Continues

The Saga phone comes with extra benefits, including a complimentary month of access to Helium Mobile and a free toy. Moreover, apps on Saga’s dApp Store offer special benefits and rewards for Saga holders. Saga phones, initially experiencing sluggish sales, are now fetching over $2,000 in resale on platforms like eBay, according to completed listings. Recent transactions include two phones reportedly selling for $5,000 and another for $3,361. The phones, which come with 30 million BONK tokens, a Solana-based meme coin, quickly sold out as traders identified an arbitrage opportunity.…

Bitcoin Price Consolidates Above $41K as Memecoins Bombard L1 Chains

Bitcoin (BTC) is starting the new trading week on a slightly high note while there has been an increased amount of activity on many L1 chains. Bitcoin (BTC) is starting the new trading week on a slightly high note after it was seen trading above $41,000. The move was replicated by Ether (ETH), which also opened trading above $2,100. According to Coinglass data, about $103.5 million worth of token-tracked futures have been liquidated in the last 12 hours. However, $95 million out of the total liquidations were bets on higher…

FTX Files Proposal to Exit Bankruptcy and Repay Billions to Creditors

FTX highlighted its intention to repay billions of dollars in cash to affected customers.  Beleaguered cryptocurrency exchange FTX has announced plans to exit bankruptcy and resolve its year-long financial troubles with victims of the troubled digital asset trading platform, Bloomberg reported Monday. According to the report, FTX is in final discussions with the official creditors committee regarding the resolution of the Chapter 11 bankruptcy proceeding and the potential return of customers’ funds. FTX Creditors to Vote on New Restructuring Plan Next Year The company submitted a fresh proposal for its…

10 Jobs People Are Most Likely to Quit in 2024, According to New Payscale Research

For several different reasons, people working these jobs are likely to quit in 2024 in search of better jobs, despite decent pay. A new report from Payscale has revealed the top jobs people are likely to quit in 2024. According to research, the employees currently handling these jobs are looking to quit within 6 months, based on research conducted from November last year to October 2023, involving employee data from nearly 800,000 workers in the US. Payscale’s data is interesting because some of these jobs have relatively high pay, but…

Is El Salvador’s Bitcoin Push Working after BTC Visa Bonds?

Critics argue that El Salvador’s Bitcoin experiment was premature, highlighting the country’s struggles in achieving the ‘Bitcoinization’ of its economy. El Salvador’s foray into the crypto market has been nothing short of controversial, marked by a $117.5 million Bitcoin (BTC) investment that recently pitched on the edge of profitability. President Nayib Bukele’s persistence in the face of international criticism, including opposition from the International Monetary Fund (IMF), raises questions about the true success and impact of El Salvador’s Bitcoin experiment. El Salvador Bitcoin Investments Yields Profits El Salvador made history…

Core Revolutionizes Wallet Creation with Seed Abstraction Feature

Core’s Seed Abstraction offers a seamless cross-chain experience. Users can employ Core-generated seeds across a spectrum of blockchains. In a groundbreaking move for the crypto space, Core Wallet has introduced an innovative approach to wallet creation with its Seed Abstraction feature. According to a press release shared with Coinspeaker, this pioneering technology eliminates the need for cumbersome seed phrases, providing users with a more accessible and user-friendly experience without compromising on security or custody. The Core Seed Abstraction Innovation: Universal Solution Traditionally, seed phrases have been a fundamental aspect of…

Bybit Introduces Bot Copy Trading for Automated and Social Crypto Trading

At its core, bot copy trading enables users to replicate the precise trading bot settings and strategies of experienced “master” traders. Bybit has recently introduced an innovative automated trading system called bot copy trading. This new offering aims to simplify and enhance portfolio management for its extensive user base of over 20 million individuals. By integrating futures trading bots with copy trading features, Bybit provides advanced yet user-friendly tools for crypto investors at all skill levels. At its core, bot copy trading enables users to replicate the precise bot settings…