FTX’s Payment Plan Takes Effect – When Will Users Receive Their Funds?
The long-awaited repayment process for the bankrupt cryptocurrency exchange FTX officially began on January 3, marking a significant step forward for users hoping to recover their funds. The reorganization plan, part of the ongoing bankruptcy proceedings, is now in motion and will facilitate the distribution of reimbursements to eligible claimants. In a January 3 post […]
Bitcoin Network Processed over $19 Trillion in Transactions in 2024
In 2024, the Bitcoin network facilitated over $19 trillion in transaction settlements, more than doubling the $8.7 trillion settled in 2023. This marked a significant rebound following two years of declining transaction volumes since 2021. Data provided by Pierre Rochard, Vice President of Research at Riot Platforms, highlighted that Bitcoin’s transaction volume reached its peak […]
Bitcoin Surge Above $100K Could Propel SOL, SUI, ICP, and ENA Upward
Bitcoin experienced a 4% surge this week, highlighting strong buying interest at lower levels. Despite initial outflows of $242.3 million in U.S. spot Bitcoin exchange-traded funds (ETFs) on January 2, inflows rebounded sharply to $908.1 million the very next day, according to data from Farside Investors. This indicates growing investor confidence in Bitcoin’s potential to […]