As follows FTX Bankruptcy Saga Moving on, advisors to the collapsed cryptocurrency exchange received court approval to sell digital trust assets from Grayscale and Bitwise. These assets are currently valued at approximately $873 million.FTX holds a total of more than 32 million shares divided among five Grayscale trust companies. Bitcoin Trust (GBTC), Ethereum Trust (ETHE); Ethereum Classic Trust (ETCG); Litecoin Trust (LTCN), Digital Large Cap Trust (GDLC), and Bitwise 10 Crypto Index Fund.The bankruptcy court filing allows FTX’s bankruptcy advisors to sell shares of the trust to recover funds to repay creditors, including exchange customers. As of the October 25…
Author: Crypto Flexs
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Ethereum price recovered in the $1,985 region. ETH is showing positive signs and may rise further if it clears the $2,075 resistance level. Ethereum is recovering higher in the $1,985 area. The price is trading above $2,040 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance near $2,040. Staying above the 100-hour simple moving average can provide bullish momentum. Ethereum Price Eyes Fresh Increase Ethereum price surged before the $2,000 support line before an uptrend took place. ETH traded as low as $1,986…
One cryptocurrency strategist believes that four altcoins, including Solana (SOL), Chainlink (LINK), and Avalanche (AVAX), are set to weaken. pseudonymous analyst Altcoin Sherpa told his 198,900 followers on social media platform According to the merchant he Expect The three coins could each fall to the 0.382 Fibonacci level, forming a strong base to set the stage for a rally in early 2024. “Many 0.382 Fibonacci levels + 200 exponential moving averages (4-hour charts) are appearing for some of the best coins: LINK, SOL, AVAX. This area + 0.50 Fibonacci level is the area I am paying attention to. Expect more…
TL;DRKeeping your crypto transactions private is important for your safety and confidentiality.Be very careful about who you share personal or financial information with.Your personally-identifying information (PII) is a target for thieves.”Know Your Customer” (KYC) information is collected by banks and many crypto-related service companies.Public blockchain ledgers can be analyzed for clues about who controls which addresses. HD wallets are recommended to generate a unique wallet address for each spend and receive transaction.Privacy-enhancing wallets, strategies, and coins exist, but require at least an intermediate level of knowledge. Bitcoin mixers offer an increasingly-popular way to gain privacy by combining together many users’…
Posted 1 minute ago In ~ A Delaware Bankruptcy Court said Wednesday that FTX Trading and its affiliated debtors can begin selling trust assets, including $744 million worth of shares in Grayscale and Bitwise funds.Judge John Dorsey in early November approved applications from six cryptocurrency funds, including Grayscale, seeking permission to begin selling units. bitcoin BTC + Trust, Grayscale Ethereum Trust, Bitwise 10 Crypto Index Fund, Grayscale Ethereum Classic Trust, Grayscale Litecoin Trust and Grayscale Digital Large Cap Trust. Grayscale’s flagship Bitcoin fund, GBTC, accounts for the largest portion of assets, holding approximately 22.3 million units worth $597 million. Grayscale’s…
In a recent conversation with KuCoin Managing Director Alicia Kao, BeInCrypto looked into market fluctuations, regulatory changes, and the exchange’s standout strategies. Navigating the complexities of market fluctuations Despite the uncertainty, the cryptocurrency space continues to gain traction with users strategically choosing the right moments to get involved. According to Alicia, the focus should be on providing a variety of educational content and services to empower users across multiple platforms and promote broader understanding of the market. “This so-called “bear market” has held people back much less than we think. Many of them are waiting for the right moment to…
Today’s world may seem confusing at times, but there are still a few things you can always count on. One of them is the monthly bill that arrives like clockwork.BitPay’s new Bill Pay solution allows you to pay all kinds of bills with cryptocurrency. Pay your credit cards with Bitcoin, your mortgage with Litecoin, and your student loans with Ethereum, all without a bank account. Follow our step-by-step guide on how to pay your bills with cryptocurrency. How to pay your bills with cryptocurrencyPaying almost any bill with cryptocurrency is quick and simple, and you can get started by following…
Anger = ChatGPT + racial slurs In one of those tempests in a teacup that would have been unthinkable before the invention of Twitter, social media users were very upset that ChatGPT refused to use a racial slur even after being given a very good, but completely hypothetical and completely unrealistic reason for doing so.User TedFrank presented a hypothetical trolley problem scenario on ChatGPT (free 3.5 model). In this scenario, simply hurling a racial slur so quietly that no one can hear would be enough to save “one billion white people from a painful death.” X owner Elon Musk would…
Hello cryptocurrency enthusiasts! Today we will talk about the wonderful world of Solana ($SOL). We’ll keep it light and fun, so you won’t need a degree in rocket science to understand what’s going on. Last week, BTC shocked the world once again, skyrocketing to $35,000 in a matter of hours. Unlike other cryptocurrencies that are currently sighing, $SOL says, “We are just getting started.” It is trading at $31.89, up 2.8% in the last 24 hours. You can utilize $SOL Trade on Bybit or find Buy it on Binance. But here’s the deal, friends. There are several signs that suggest…
A federal appeals court sided with Grayscale Investments in its lawsuit against the SEC. The court ruled that the SEC must reverse its rejection of the Grayscale spot Bitcoin ETF and review the application. Major cryptocurrencies, including Bitcoin, Ethereum, and BNB, saw significant gains following the court ruling. In a watershed moment for the cryptocurrency industry, a U.S. federal appeals court sided with GBTC issuer Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC) over its application for a spot Bitcoin ETF. The court ruled that securities regulators must reverse their rejection of a spot Bitcoin ETF…