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Customers Express Dissatisfaction with Proposed Reimbursement Plan Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who criticizes the estate for "depleting creditor funds […]

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence On Monday, Jan. 22, 2024, bitcoin's value dropped below the $40K mark, marking the first time in 48 days that it has fallen to this level. This decline has triggered a market-wide slide in the cryptocurrency industry. Over the past 24 hours, bitcoin has experienced

Introduction Michael Howell, the founder and CEO of Crossborder Capital, a renowned London-based independent research and investment company, has provided an intriguing perspective on the current state of the economy. Contrary to popular belief, Howell challenges the prevailing narrative of monetary tightening by highlighting the rise in liquidity. In this article, we will explore Howell's

Trezor Alerts Users to Phishing Risk After Security Breach In a recent security alert, Trezor, the company behind the popular cryptocurrency hardware wallet, has announced a breach in its support ticketing system. This breach has potentially exposed the personal contact information of over 66,000 customers, raising concerns about possible phishing attacks. Unauthorized Access Detected On

Lone Sniper Hits $7 Million Jackpot, Trio of Traders Net $1 Million Apiece During SAVM Crypto Launch Crypto snipers managed to make some decent profits from the recent satoshivm (SAVM) launch, as detailed by Arkham Intelligence. Sniping, which refers to the practice of executing crypto trades with exceptional speed and precision to gain a strategic

JPMorgan Analyst Predicts Looming Bitcoin Selloff JPMorgan analyst, Nikolaos Panigirtzoglou, recently shared his outlook on the price of Bitcoin on LinkedIn. He specifically highlighted the impact of the launch of spot Bitcoin exchange-traded funds (ETFs) and the outflows from Grayscale's Bitcoin fund. Grayscale recently converted its Bitcoin trust (GBTC) into a spot Bitcoin ETF after

An Overview of Morgan Stanley's Concerns Morgan Stanley, a prominent investment bank, has recently raised concerns about the potential decline in the dominance of the U.S. dollar. This apprehension is fueled by the growing interest in digital assets, including cryptocurrencies like bitcoin. The bank highlights that the U.S. dollar's supremacy is facing increasing scrutiny, leading

Within the US market over a six-day period, the trading volume for nine recently launched spot bitcoin exchange-traded funds (ETFs) and GBTC, which has been recently revamped, amounted to $16.53 billion. GBTC dominated the majority of this trade volume, but it experienced a significant decrease in its bitcoin holdings. In the past 24 hours alone,

Court Mandates External Probe into FTX, Highlighting Potential Crypto Market Risks An independent examiner was initially barred from delving into the FTX bankruptcy case. However, the Third Circuit Court of Appeals in Philadelphia has recently overturned this decision, mandating that the defunct crypto exchange undergo an investigation by an external party. This ruling points out

Introduction Jim Cramer, host of CNBC's Mad Money show, has recently cautioned investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs). While he is not as vehemently opposed to these investment vehicles as SEC Chair Gary Gensler, Cramer emphasizes the need for thorough research before delving into the world of