Tag: Cash

FTX cash repayment plan approved by bankruptcy judge

FTX’s bankruptcy plan to repay customers in cash plus interest was approved by a Delaware judge, despite a push for in-kind reimbursements. Judge John Dorsey of the U.S. District of Delaware Bankruptcy Court ruled in favor of FTX’s repayment, which could distribute up to $16 billion worth of recovered assets. Two years after the crypto exchange collapsed, 98% of creditors were approved to receive 118% of their claims in cash. While 94% of claimants supported the plan, Sunil Kavuri, a spokesperson for the largest FTX creditor community, argued for cryptocurrency…

Bitcoin Cash: Empowering Merchants and Boosting Adoption in Bitcoin Cash City

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Bitcoin Cash (BCH) has emerged as a popular cryptocurrency, offering fast and low-cost transactions. In the vibrant city of Townsville, Australia, BCH adoption has reached new heights, thanks to the Bitcoin.com Wallet app and the Bitcoin.com point of sales register app. This article explores how the Bitcoin.com ecosystem, backed by generous supporters like Code Valley, […] Original

Bitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?

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Bitcoin Cash price started a major increase above the $320 resistance. BCH is consolidating and might aim for more gains above the $350 resistance. Bitcoin cash price started a fresh increase above the $330 level. The price is trading above $335 and the 100-hour simple moving average. There is a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could start another increase if it clears the $350 resistance zone. Bitcoin Cash Price Starts Fresh Surge After…

Cash Is Still King, Consumers Would Prefer to Use It Over Central Bank Digital Currencies (CBDCs): Deutsche Bank

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Cash Eyes $288 As Bears Take Charge After Trendline Rejection

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Este artículo también está disponible en español. Bitcoin Cash (BCH) is bracing for a potential downturn after a brief rebound from a trendline failed to ignite bullish momentum. Instead, the cryptocurrency now faces a bearish extension, with its sights set on the key support level at $288. As sellers regain control, the market is on high alert, wondering if this renewed downward pressure will drive BCH even lower or if a bounce-back is still possible. This article explores Bitcoin Cash’s recent bearish extension following its failure to break above the…

EToro Reaches Settlement With SEC, Will Limit Trading to Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH)

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Ether.Fi to Launch Visa ‘Cash’ Card on Scroll Network

The card won’t be available in the United States, at least for the time being – likely as a result of the decentralized finance industry’s shaky regulatory standing in the country. The “tentative” list of countries that will receive Ether.fi‘s new credit card include, the UK, Hong Kong, UEA, Thailand, Brazil, Turkey, France, Germany, Italy, Portugal, Spain, Denmark, Estonia, Netherlands, Poland and Czech Republic, Silagadze told CoinDesk. Source