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Following Sam Bankman-Fried’s guilty verdict last week, FTX investors call for actions against celebrity endorsers. The conviction of Sam Bankman-Fried has marked a pivotal point in the FTX saga, but it might be far from over. The aftermath of the case is set to cast long shadows, with a notable
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The market for FTX creditor claims has been heating up, with some claims now reportedly selling for more than 50 cents on the dollar, according to Thomas Braziel, partner at 117 Partners — a firm specializing in crypto bankruptcy claims. Braziel told Cryptox that a claim worth more than $20 million
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Bulls pushed back and momentarily halted the increasing selling pressure impacting Cardano, Solana, and Ethereum. The altcoin market has been stabilizing over
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Bitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets.BTC/USD 1-hour chart. Source: TradingViewAnalysis: Jobs data “not what Fed wanted to see”Data from Cointelegraph Markets Pro and TradingView followed BTC price action as the largest cryptocurrency lost
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Bankrupt crypto exchange FTX is probing if it can reclaim the millions of dollars paid to celebrity athletes and sports teams that promoted the exchange before it filed for bankruptcy last November.In an over 180 page Aug. 31 court filing, FTX’s financial advisors laid out a detailed list of high-profile
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The latest sign of crypto going mainstream among traditional investors is the race heating up to launch the first exchange-traded fund (ETF)
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Three committee chairs in United States House of Representatives have sent a letter to U.S. Securities and Exchange Commission (SEC) chair Gary Gensler demanding a more satisfactory response to their November 1 letter regarding the SEC chairman’s and the agency’s compliance with recordkeeping requirements. Judiciary Committee chair Jim Jordan, Oversight Committee
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Bitcoin has regained $30,000 on Tuesday after it had fallen to a 24-hour low of $29,100. The cryptocurrency was up 2.5% in the past 24 hours, and ether and other altcoins also rose. Ether climbed 1.3% to hold above $2,000. “There is potential for positive momentum in alts now, and
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press release As the traditional banking system experiences growing instability with the failures of Silicon Valley Bank, Signature Bank, Silvergate Bank, and Credit Suisse, more individuals are turning to decentralized finance (DeFi) as a secure and attractive alternative. Verse DEX, Bitcoin.com’s decentralized exchange, has been flourishing as a result, enjoying
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March has been a turbulent month for the crypto industry. Bitcoin (BTC) recorded its highest weekly close in 10 months and raised hopes among many that the bear market is over. One of the key drivers of this expectation was a series of banking collapses in the United States. This
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