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FTX

Are We Really Doing the Bitcoin Hype Cycle Again?

It’s safe to say crypto is experiencing renewed interest since the crash of 2022. Bitcoin just hit its highest price since 2021, the SEC’s approval of spot Bitcoin ETFs has investors very excited, and the market cap for all crypto just breached $2 trillion. But everyone who’s ready to FOMO their way into crypto should ask themselves: Should we really be doing this again?He Tossed His Bitcoin, Now He Wants It BackThe last time the crypto market was this hot was late 2021, and things were looking very rosy in the world of…

FTX Says It Expects to Repay Customers in Full. Some Are Suing for More

A group of former customers of bankrupt crypto exchange FTX are rebelling against a proposed plan that would return the entirety of the money they lost. In a lawsuit filed this week, the customers argue they are due a whole lot more.The plan laid out by FTX in December to return customer funds does not reflect the full scope of the firm’s obligation to customers, claims Pat Rabbitte, one of the plaintiffs in the lawsuit—particularly given an upswing in the price of crypto since the bankruptcy. “We’ve filed a lawsuit…

Bitcoin Wears a Patagonia Vest Now, but Is It Still Crypto?

Cryptocurrency cleaned up its act this week as spot Bitcoin ETFs made their Wall Street debut in January. The digital tokens are looking almost unrecognizable from what the industry represented just a few years ago, leading to the question, is Bitcoin still crypto?Why Should Crypto Currencies be Called Securities? | Gizmodo InterviewThe “decentralized” part of cryptocurrency is up for interpretation these days. Ever since the Security and Exchange Commission’s approval of spot Bitcoin ETFs on Jan. 1o, cryptocurrency looks…

The Mystery of the $400 Million FTX Heist May Have Been Solved

When more than $400 million worth of crypto was mysteriously pulled out of the coffers of what was once the world's biggest cryptocurrency exchange, FTX, on the very day that it declared bankruptcy in November of 2022, many initially suspected insiders at the company—including, potentially, then CEO Sam Bankman-Fried, now convicted of fraud. But clues left across blockchains over the past year suggested instead that external thieves had chosen a particularly inconvenient moment during FTX's meltdown to pull off an…

Thank God FTX Won’t Be Coming Back

Photo: TIMOTHY A. CLARY / AFP (Getty Images)It’s official: There will be no further attempts to salvage FTX. The once popular but now defunct crypto exchange that “misplaced” billions of dollars in user assets before collapsing in a heap of scandal is officially headed to the corporate graveyard. The Biggest Crypto Heists of 2022…So FarThe Guardian reports that FTX lawyers say that attempts to revive the exchange have been scrapped and that, instead, its assets will be liquidated and that funds will be returned to

ftx restart abandoned: FTX abandons efforts to restart its crypto exchange

FTX has abandoned efforts to restart its crypto exchange, instead opting for a liquidation that should repay customers in full, a company attorney said on Wednesday.FTX has been negotiating for months with potential bidders and investors, but none were willing to put in enough money to rebuild the FTX exchange, FTX attorney Andy Dietderich said at a bankruptcy court hearing in Delaware.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science

Which Crypto Altcoins Are Performing Best In The Crypto Dip? Trending Coins to Watch Featuring Apemax, Siacoin, FTX Token, Injective,…

Recent weeks have seen a dip in the price of many crypto coins, including the dominant player Bitcoin, which has now seen its price tumble below the $40,000 mark. While no crypto fan wishes to experience a bearish cycle, some crypto enthusiasts see this as a chance to scope up some top-rated crypto assets at a huge discount. The crypto market has changed over the last few years, and new coins have emerged now offering newer tech and more diverse features for different crypto fans looking for a digital coin…

alameda research: FTX-tied Alameda Research drops lawsuit against Grayscale

Bankrupt cryptocurrency exchange FTX's affiliate Alameda Research has dropped a lawsuit against Grayscale Investments that had accused the digital asset manager of "enriching itself at shareholders' expense", a court filing showed on Monday.Alameda, which filed the lawsuit in a Delaware court in March last year, had also accused Grayscale of charging high fees and refusing to allow investors to redeem their shares from its two crypto-focused trusts, the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum…

bitcoin ETF: FTX sold about $1 billion of Grayscale’s bitcoin ETF since its approval: CoinDesk

FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust (GBTC) since it was converted into an exchange-traded fund (ETF) earlier this month, taking FTX's GBTC ownership down to zero, CoinDesk reported on Monday.GBTC in all saw outflows of more than $2 billion since being converted into ETF, according to the report, which cited private data reviewed by CoinDesk and two people familiar with the matter.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

The Crypto World Is Losing Its Mind Over the SEC’s X Debacle

The X account belonging to the Securities and Exchange Commission was hacked on Tuesday, allowing a fake announcement to be posted to the web concerning a much-awaited happening in the crypto world: the first Bitcoin ETFs. The announcement claimed the ETFs had been approved but, as it turns out, that’s not true. When it became apparent that the announcement was, indeed, fake, all hell broke loose in the web3 community.He Tossed His Bitcoin, Now He Wants It BackOn X, the tenor of the conversation among crypto denizens was…