In a significant turn of events, FTX has reached a settlement to resolve its lawsuit against Bybit, its executives, and Mirana, the exchange’s investment arm. The arrangement, announced through a court filing on October 24, outlines a considerable amount of $228 million aimed at facilitating repayments to creditors of the beleaguered exchange. This settlement is
Crypto
In the rapidly evolving world of cryptocurrencies, influencers have become pivotal figures, shaping the narrative, attracting followers, and inspiring investors. Among them, Valeria Fedyakina, also known as “Bitmama,” rose to prominence by presenting herself as an expert in the crypto space. Her brand appeal and purported success drew many to her platform, where she promised
In a remarkable turnaround following a steep decline, Bitcoin’s value has once again found its footing and is currently trading above $68,000, even approaching the $68,500 mark earlier today. This sustained recovery is noteworthy, especially after a tumultuous week marked by sharp fluctuations. This recent rally underscores Bitcoin’s volatility, accentuated by significant trading activity around
In recent times, Dogecoin, the iconic meme cryptocurrency, has transcended the $0.14 mark once more, capturing the attention of investors and crypto enthusiasts alike. This surge appears potentially linked to the actions of Elon Musk, who attended a Trump rally on October 27 at Madison Square Garden. During this high-profile event, he not only promoted
In a remarkable intersection of art and finance, the city of Lugano, Switzerland, has unveiled a statue honoring the enigmatic Satoshi Nakamoto, the creator of Bitcoin. This initiative, launched in collaboration with Tether—one of the leading stablecoin issuers—was revealed at the third annual Plan ₿ forum. The statue, crafted by artist Valentina Picozzi, is not
The past week has been tumultuous for Bitcoin, which is likely to close with a modest loss of nearly 2%. Despite a strong start, the premiere cryptocurrency faltered, reflecting the unpredictability of the market. While Bitcoin maintained a brief moment of potential growth early in the week, it ultimately succumbed to a series of downward
In the ever-evolving cryptocurrency landscape, Bitcoin has firmly established its dominance, outpacing the altcoin realm in ways that have left many observers stunned. As of late 2023, Bitcoin’s market capitalization surpassed $1 trillion above that of Ethereum, the second-largest cryptocurrency by market cap. The stark difference in value—Bitcoin trading at approximately $68,180 compared to Ethereum’s
As the gaming landscape continues to evolve, the GameFi sector is witnessing a remarkable surge, with forecasts suggesting an astonishing growth rate of 68% per annum. According to research from Nansen, a blockchain analytics firm, this dynamic market is set to reach a staggering valuation of $301.5 billion by 2030. This exponential growth signals a
Bitcoin’s trajectory in the market reflects a complex interplay between large and small investors. As institutional interest surges, the narrative surrounding retail investors unveils a contrasting story. Recent data from CryptoQuant reveals that while institutional investors are ramping up their bitcoin acquisitions, retail investors are notably lagging behind. This dichotomy not only questions the resilience
In less than a year since their introduction, spot Bitcoin exchange-traded funds (ETFs) have transformed the landscape for investors in the cryptocurrency sector. Fueled by increasing demand from both retail and institutional investors, these funds have recorded significant asset accumulation. Recent findings from Binance Research, the analytical branch of one of the world’s leading cryptocurrency