Tag: FTX

What Next for Bitcoin After BTC Suffers Biggest 3-Day Price Since FTX Debacle

Bitcoin’s (BTC) prolonged range play above $90K has concluded bearishly this week, and how? The 12.6% drop observed in the first three days of the week (per UTC hours) marks the largest decline since the FTX bankruptcy in November 2022, according to data from TradingView. The sell-off is consistent with CryptoX’s analysis earlier this month, which noted investor disappointment over the lack of swift action from President Donald Trump’s administration on creating the promised national BTC reserve and tightening fiat liquidity conditions. Institutional demand for the largest cryptocurrency and its…

Best Meme Coins to Buy as FTX Announces Next Repayment Distribution Date

boss

The FTX crypto exchange going down will forever be remembered as a dark day in crypto. But props to the company for finally starting to repay creditors. It went through with its first round of repayments on February 18, where it paid out the ‘Convenience Class,’ i.e., investors who lost up to $50K. The next FTX repayment distribution will happen on May 30. In addition to the company’s trading partners and vendors, this round will address investors who had assets on the exchange when it went under. It’s worth noting,…

Survey: 62% of FTX Creditors Flock to Solana Amid Reimbursement

A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice. FTX Creditors’ Love Affair With Solana A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose. […] Source CryptoX Portal

FTX Repayments Could Impact Crypto on a Monumental Scale and Presales like Best Wallet Token

boss

Este artículo también está disponible en español. The FTX saga has entered yet another chapter since the exchange collapsed nearly three years ago. The company has begun repaying an estimated $1.2B to its first wave of former FTX users. The news could have a significant impact not only on the users but on the entire crypto industry as well. Meme coins with utility such as Best Wallet Token are poised to become one of the biggest beneficiaries, as we’ll discuss further in this article. First, let’s talk about the FTX…

FTX Payouts Begin Today, Will Bitcoin Price Rally Or Crash In Response?

boss

Este artículo también está disponible en español. The long-awaited FTX creditor payouts are set to begin today, February 18 after over two years of bankruptcy. This payment, which is the first batch, is targeted towards targeting smaller creditors. Nonetheless, the payout could have a few effects on the crypto industry, especially if creditors receive payouts in crypto. A crypto analyst, Excavo, has shared his perspective on TradingView, highlighting the potential liquidity shifts that could follow FTX’s creditor payouts and the broader implications for Bitcoin and altcoins. FTX Payouts Kick-Off: How…

Bitcoin Sees Largest Exchange Withdrawals Since FTX Collapse—What’s Next?

boss

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Best Crypto to Buy Now After Largest Liquidation Event Since FTX Collapse

boss

Donald Trump’s plan to put large tariffs on goods from Mexico, Canada, and China has stirred up a storm in the crypto market. A massive sell-off happened over the weekend, with the total crypto market cap dropping by half a trillion dollars. Although several news outlets suggest that over $2.27B have been liquidated, Bybit’s CEO says the liquidation could well be in the $8B-10B range. He believes the numbers being circulated don’t reveal the full picture because crypto exchanges typically limit liquidation data. Even worse, most of these liquidations come…

Crypto crash wipes out $2.2B—Worse than FTX and LUNA

Crypto traders betting on higher prices just got wrecked. Over $2.2B in liquidations hit the market as Bitcoin fell to $91K and Ethereum crashed 20% in 24 hours. Traders who were betting big on prices moving higher saw their positions forcefully liquidated as panic over Trump’s newly imposed tariffs on Canada, Mexico, and China triggered a massive crypto crash. The chaos led to the worst single-day liquidation event ever recorded—surpassing even the Terra (LUNA) collapse and the FTX (FTT) downfall. $2.15b liquidated from the crypto market in the past 24…

FTX Founder’s Parents Push for Pardon After Trump’s Ross Ulbricht Decision

Jailed FTX founder Sam Bankman-Fried’s (SBF) parents are reportedly seeking a pardon for their son from U.S. President Donald Trump. Trump’s Pardon Wave Sparks Frenzy—Is SBF Next in Line? The parents of jailed FTX founder Sam Bankman-Fried (SBF) are reportedly working to have U.S. President Donald Trump pardon their son. According to a Bloomberg report, […] Source CryptoX Portal

Fallen Crypto Exchange FTX EU Has a New Owner, but License Remains Suspended

boss

Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU. Although Backpack currently ranks only 200th in CoinMarketCap’s cryptocurrency exchange rankings by daily trading volume, it hopes to expand its operations through the acquisition of this MiFID II-regulated entity. However, this move might not happen as quickly as anticipated. Backpack Acquires Defunct FTX EU for MiFID II License Since September 2022, FTX EU has held a Cyprus…