FTX, a bankrupt cryptocurrency exchange, recently proposed a reorganization plan that has faced objections from creditors. These creditors, including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, argue that the plan does not meet the requirements of the Bankruptcy Code. According to Kavuri, the plan overlooks property rights issues, fails to pass
Semler Scientific, a medical technology company based in California, has recently made headlines by purchasing an additional 247 BTC for $17 million. This new investment brings their total Bitcoin holdings to 828 bitcoins, which were acquired for a total of $57 million. The company has also announced plans to raise $150 million to further increase
The recent observations made by Philip Swift, the founder of LookIntoBitcoin, regarding the increase in global liquidity have sparked discussions about the potential impact on Bitcoin’s price in the current bull run. Swift emphasized the importance of global liquidity as a key indicator for Bitcoin’s performance, pointing out that it had reached a new all-time
McDonald’s Singapore has taken a bold step into the world of metaverse with the introduction of “My Happy Place,” a digital environment created in partnership with Bandwagon Labs. This innovative platform, accessible through the McDonald’s app, offers users a mix of virtual and real-world experiences, with exclusive benefits for owners of the 2023 Grimace NFTs.
The recent surge in Bitcoin’s price to $70,000 has sparked optimism among investors, especially long-term holders who have seen their investments turn profitable. The positive price outlook is evident in the resurgence of the Coinbase premium, a key indicator of market sentiment among US-based investors. The Coinbase Premium Index (CPI) recently turned positive after being
Recently, Ethereum experienced a downside correction from the $3,885 resistance zone, causing the price to drop below $3,800. This correction was initiated after the cryptocurrency failed to clear the $3,880 resistance level. As a result, Ethereum is now trading below $3,840 and the 100-hourly Simple Moving Average. Additionally, a key bullish trend line with support
Kraken, a prominent player in the cryptocurrency exchange market, is reportedly gearing up for a significant funding round as it sets its sights on a potential initial public offering (IPO) in the coming year. The exchange, which is one of the oldest and largest in the United States, is said to be seeking to raise
The metaverse is no longer a distant concept. It’s here, transforming the digital world and how we interact within it. Creating a metaverse app is a complex yet rewarding endeavor. It requires a blend of creativity, technical prowess, and an understanding of the digital landscape. This guide will walk you through the process of creating
Tokenization is becoming increasingly prominent in the financial industry, with its potential to revolutionize traditional financial processes. DTCC Digital Assets global head and managing director Nadine Chakar recently testified before the House Financial Services Subcommittee on Digital Assets, highlighting the benefits of tokenizing real-world assets and its implications for the US financial markets. Chakar emphasized
Robert Kiyosaki, the renowned financial expert and author of Rich Dad Poor Dad, has recently made a bold prediction regarding the price of Bitcoin (BTC). According to him, he firmly believes that BTC will reach an astonishing value of $350,000 by August 25th. While Kiyosaki acknowledges that his prediction may be considered as mere speculation,
