FTX filed a motion in a Delaware court on February 1 to sell its $175 million claim against bankrupt digital financial services company Genesis Global Capital. The claim was first made by Alameda Research, a hedge fund linked to bankrupt cryptocurrency exchange FTX.If the motion is granted, FTX may sell all or part of the claim at another time to take advantage of favorable terms. Current claims on Genesis are selling for 65% of face value, much higher than the 38% claimed by Alameda Research.This motion also requests approval of sales procedures that apply to all sales, reducing the cost…
Author: Crypto Flexs
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I wanted to exchange and transfer my funds in BITCOINS to my SKRILL account for €. Therefore, ATOMIC cryptocurrency wallet chooses the lowest fee for this transaction. I sent BTC to the exchange on January 31, 2024 around 11pm and today is February 4, 2024 and my transaction is still in the status quo. pending. Will my funds be lost forever? So why does ATOMIC WALLET offer such low fees? Or if my funds are not lost, how long should I wait for my funds to be in my SKRILL account or back to my Atomic cryptocurrency wallet? I really…
Jupiter (JUP) is a digital asset operating within the Solana ecosystem, designed to provide a variety of features tailored to the decentralized finance (DeFi) sector. As a cryptocurrency, Jupiter aims to provide users with efficient and cost-effective DeFi services by leveraging the high throughput, scalability, and low transaction costs of the Solana blockchain. As of the latest update, the price of Jupiter is around $0.5766, reflecting a notable decline of around 6.91% over the past 24 hours. This decline is part of a more significant trend, as the coin has experienced a significant decline of approximately 63.94% over the past…
Utility coins are a type of cryptocurrency designed to be used within a specific ecosystem or for a specific purpose. This differs from other types of cryptocurrencies, such as Bitcoin or Ethereum, which are primarily used as a store of value or for speculative trading. What is a utility coin? Utility coins are digital tokens issued by companies or organizations for use within their ecosystem. These tokens can be used to access specific services or products provided by the issuer. Examples of utility coins include Binance Coin (BNB), which can be used to pay trading fees on the Binance exchange,…
For example, the justification for the emergency order approved by the Office of Management and Budget was the recent rise in cryptocurrency prices, which has seen Bitcoin rise more than 50% in a matter of months, which the EIA said will “encourage more cryptocurrency mining activity.” said. This ultimately increases power consumption.”
Ripple (XRP) recently made strategic moves by locking 800 million XRP in escrow and transferring 67.6 million XRP to exchanges. These measures, observed by Whale Alert, aim to manage liquidity and potentially increase market valuation. Despite the recent decline, the price of Ripple (XRP) surged to $0.506, demonstrating the dynamic nature of the cryptocurrency market. Read on to learn more about Ripple (XRP)’s recent moves and outlook and gain insight into the potential of the emerging cryptocurrency. ScapesMania: Public Sale is now live! After stellar pre-sales, ScapesMania quickly grossed over $5 million and entered the highly anticipated public sales phase.…
In the final season premiere of “Curb Your Enthusiasm,” Larry David expressed regret over participating in FTX’s Super Bowl commercial and reflected on poor decisions he made after the cryptocurrency exchange went bankrupt. Larry David admits regret in FTX Super Bowl ad: ‘I did it like a fool’ ‘Seinfeld’ and ‘Curb Your Enthusiasm’ creator Larry David recently expressed regret over his participation in a Super Bowl commercial for bankrupt cryptocurrency exchange FTX. David admitted in the final season premiere of “Curb Your Enthusiasm” that his decision to support FTX was a bad one. I asked my friends who were well…
A widely known cryptocurrency analyst said he sees upside potential for two cryptocurrency assets with market capitalizations of less than $1 billion. Pseudonymous cryptocurrency strategist Altcoin Sherpa told his 206,800 followers on social media platform The trader shares a chart that suggests JUP is likely to carve out a local bottom at around $0.50 before rebounding to around $0.82. “I still think it will go up in the short term, but I think it will only go down for a little while after a big rally (say $1 or more).” source: Altcoin Sherpa/X As of this writing, JUP is trading…
The recent growth in stablecoin market capitalization is encouraging, but rope USDT -0.09% That raises concerns, according to JPMorgan.“Tether is largely at risk due to its lack of regulatory compliance and transparency,” JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report Thursday. “We therefore view the increased focus on Tether over the past year as a negative for the stablecoin world and the cryptocurrency ecosystem more broadly.”Stablecoin issuers face regulatory risks globally, analysts said. In the United States, the Clarity for Payment Stablecoins Act is awaiting approval by Congress. Meanwhile, in Europe, the Cryptocurrency Asset Market (MiCA) regulation is…
join us telegram A channel to stay up to date on breaking news coverage According to the Origin Protocol price prediction, OGN is poised for an uptrend and could technically reach the resistance level of $0.160. OGN (Unveiling Origin Protocol): A powerhouse of untapped potential Origin Protocol is currently hovering around $0.158 and is firmly holding the 366th position in the cryptocurrency market. Over the past 24 hours, the value of OGN has been on the rise. Moreover, over the past seven days, OGN has shown a promising upward trajectory, showing significant potential. This is a great moment to explore…