FTX Exchange Recovery: A Billion-Dollar Plan

FTX Exchange Recovery: A Billion-Dollar Plan

FTX, a cryptocurrency exchange, reveals it has extra money, totaling billions of dollars, beyond what’s needed to reimburse its users. With around $11 billion owed to customers, the firm anticipates having approximately $16.3 billion after selling off its...
Robinhood Crypto Faces SEC Scrutiny

Robinhood Crypto Faces SEC Scrutiny

Robinhood, a popular neobroker in the US, is facing a regulatory challenge from the U.S. Securities and Exchange Commission (SEC) over its crypto unit, Robinhood Crypto LLC. Investigative Subpoenas and Wells Notice: The SEC issued investigative subpoenas to Robinhood...
Bitcoin’s Rollercoaster Ride as DOGE Leads the Way

Bitcoin’s Rollercoaster Ride as DOGE Leads the Way

Bitcoin, the popular cryptocurrency, recently soared to new heights, reaching a peak of $64,500. However, the excitement was short-lived as it couldn’t sustain its upward momentum and has since dropped by over $1,000. Mixed Signals for Altcoins Many other major...
Bitcoin Bounces Back: Shorts Suffer Losses

Bitcoin Bounces Back: Shorts Suffer Losses

Bitcoin, the big player in the cryptocurrency world, is on the rise again. And for those who were betting on its price to drop, it’s not good news. Short Squeeze: $100 Million Loss In the last day alone, almost $100 million in short positions for all...