Author: Max Bauer
A U.S. bankruptcy judge has greenlit a reorganization plan for FTX, paving the way for potential repayments to creditors two years after the crypto exchange’s dramatic collapse. The decision, handed down by Judge John Dorsey on October 7th, marks a significant milestone in the ongoing legal saga surrounding FTX. FTX Repayments to Clients will be in Cash and Interest The approved plan allows for the distribution of funds to creditors, with 98% expected to receive at least 118% of their claim value in cash. This move follows a prior vote by creditors, with approximately 94% of “dotcom customer entitlement claims”…
Speculation spread after Samson Mow, a prominent figure in the Bitcoin space, hinted at the potential reveal of Satoshi Nakamoto’s identity in the upcoming HBO documentary, Money Electric. Mow, who is set to appear in the documentary, made a surprising claim on social media, suggesting that the individual to be unveiled as Satoshi Nakamoto is none other than Adam Back, the CEO of Blockstream. Bets on Adam Back being Satoshi Nakamoto surged to 76% following Mow’s tweet, temporarily taking the top spot on Polymarket. Although the percentage has since dropped to 12.3%. However, Adam Back stated in his statement that…
A new proposal for the Ethereum blockchain could significantly improve its transaction processing speed, potentially making it more competitive with faster blockchains like Solana. Ethereum Speed Boost Could Save $100 Million The Ethereum Improvement Proposal (EIP), officially designated EIP-7781, was submitted on October 5th by Ben Adams, co-founder of Illyriad Games. If implemented, the upgrade would streamline ETH’s operations in two key ways: While ETH boasts robust security and decentralization, it has historically struggled with transaction speed and fees compared to newer blockchains. EIP-7781 represents a potential solution, offering a significant speed boost (up to 50% faster transactions) while maintaining…
In a recent research report, JPMorgan analysts have pinpointed several pivotal factors that could significantly shape the cryptocurrency market in the coming months. These factors, spanning technical, geopolitical, and structural events, are likely to drive price movements and overall market sentiment. JPMorgan Analysts Assess the Impact of “Uptober” on Crypto Among the key catalysts identified, the analysts highlighted the historical “Uptober” trend, a phenomenon where Bitcoin has exhibited strong performance in October. The report noted that over 70% of all Octobers have seen positive returns for Bitcoin, suggesting potential upward momentum this month. While the Federal Reserve’s interest rate cuts…
Cryptocurrency analysis firm MarktQuant has released a comprehensive assessment of the current market conditions, highlighting Bitcoin’s bullish momentum and Ethereum’s struggling performance. According to the report, Bitcoin’s price has been steadily consolidating above the $62,000 level, with increasing open interest indicating growing market participation. Positive cumulative volume delta (CVD) in the spot market further suggests strong buying interest. However, negative CVD in futures markets highlights potential risks and the need for continued monitoring. Ethereum, on the other hand, continues to underperform. Despite a slight improvement in its valuation, the asset remains in cash, indicating a lack of momentum. Ethereum is…
In a world where the identity of Bitcoin’s creator, Satoshi Nakamoto, remains as elusive as ever, cryptocurrency analysis firm Alphractal has released a report suggesting that the mystery itself might be influencing Bitcoin price. The report, released today, dives deep into how public fascination with Satoshi’s identity correlates with fluctuations in Bitcoin’s price. Analyzing Wikipedia page views and Google search trends since 2015, Alphractal has painted a curious picture where interest in Bitcoin’s creator spikes during key media events or significant price movements. Alphractal’s data indicates that moments of heightened speculation about who Satoshi might be often align with increases…
China’s State Council Information Office will hold a press conference on Tuesday, October 8th at 06:00 PM (UTC+0 London Time) to unveil a package of new policies aimed at boosting economic growth. The press conference will feature Zheng Zhajie, Director of the National Development and Reform Commission, along with several deputy directors. The upcoming announcement comes on the heels of a significant rally in China’s stock market, which saw its largest single-day gain since the 2008 financial crisis. This surge is widely attributed to anticipation surrounding the government’s stimulus measures. While specific details of the policies remain undisclosed, the press…
Telegram CEO Pavel Durov announced today the launch of a new feature called “Gifts.” This innovative feature allows users to send virtual gifts to their loved ones, which can then be displayed on profiles or sold for Telegram’s internal currency, “Stars.” Durov said the holiday season as the perfect time to introduce Gifts, stating, “Gifts are a great way to congratulate your loved ones on important events.” He also hinted at the possibility of converting limited-edition gifts into TON-based NFTs later this year, allowing users to trade and auction these tokenized items outside of Telegram. According to official post, when…
MicroStrategy, a leading provider of enterprise analytics software, is seeking a passionate and experienced Bitcoin Advocacy Manager to join their team. The ideal candidate will play a pivotal role in promoting the adoption of Bitcoin within the corporate world. Key Responsibilities: Qualifications: Preferred Qualifications:
Cryptocurrency analysis firm QCP Capital has released a statement analyzing recent market movements, highlighting the impact of geopolitical tensions and a robust labor market on risk assets. QCP Capital is Still Optimistic on Bitcoin’s October Performance According to the statement, the new quarter began with increased volatility due to escalating tensions between Israel and Iran. QCP Capital anticipates a more significant response from Israel in retaliation for Iran’s attack, potentially targeting key infrastructure. Despite this geopolitical uncertainty, the US labor market demonstrated resilience, with Friday’s non-farm payrolls significantly exceeding expectations. The strong data suggests a robust job market, even after…