FTX Token spikes 70% amid looming bankruptcy distributions

The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions.

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FTX creditors only getting '10-25% of their crypto back' creditor

Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value. 

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FTX creditors only getting 10-25% of their crypto back Creditor

Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value. 

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Celsius token surges 300% a month after $2.5B payment to creditors

The Celsius token skyrocketed 300% a month after the firm paid $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement. 

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Hashgraph Association to explore digital asset use cases with Qatar stakeholders

The Hashgraph Association will explore digital asset use cases such as equity and real estate tokenization with stakeholders in Qatar. 

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SEC says it could challenge FTX crypto repayment plan

The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it reserves its rights to challenge transactions involving crypto assets.

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Flowcarbon Refunds Investors After Canceling Token Launch

Flowcarbon refunds investors after its planned Goddess Nature Token launch fails due to market challenges and regulatory resistance. (Read More)

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Northern Trust introduces digital carbon credit trading platform

The Northern Trust Carbon Ecosystem will enable carbon credit transactions from issuance to retirement.

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US trustee challenges FTX reorganization plan, citing legal concerns

The objections raised by the US trustee and the creditor group are likely to play a significant role in the courts deliberations.

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FTX says creditors supported reorganization plan with 95% vote

FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.

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Hong Kong Monetary Authority Releases Q2 2024 Credit Card Lending Survey Results

The Hong Kong Monetary Authority reports a 0.2% decline in total card receivables in Q2 2024, with delinquent and rescheduled ratios slightly increasing. (Read More)

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Hong Kong Monetary Authority Reports Stable Credit Conditions for SMEs in Q2 2024

The HKMA's survey indicates stable credit conditions for SMEs in Q2 2024, with a slight increase in positive perceptions. (Read More)

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Colossal Buying Pressure For Bitcoin And Solana As FTX Plans $16B Distribution, Expert

In a significant development for the cryptocurrency industry, FTX, the exchange that collapsed in November 2022 under the leadership of convicted Sam Bankman-Fried, is preparing to distribute a staggering $16 billion in cash to its customers, which could lead to significant gains for Bitcoin (BTC) and Solana (SOL) prices.  Crypto researcher Xremlin has predicted that [...]

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Up to 99% of Mt. Goxs $8.2B Bitcoin could be sold Analyst

Nearly all of Mt. Goxs former creditors might be looking to sell their Bitcoin, which has increased by over 8,500% in value in the 10 years since the exchanges collapse.

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Gala Games Partners with Coinflow for Enhanced Credit Card Payments

Gala Games announces a partnership with Coinflow to streamline credit card payments, offering users a seamless transaction experience and a limited-time rebate. (Read More)

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HKMA Addresses Nova Credit Limited's Operational Cessation and Exit from Credit Data Smart

The Hong Kong Monetary Authority (HKMA) responds to Nova Credit Limited's decision to cease operations and exit Credit Data Smart, ensuring data security. (Read More)

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Over 41.5% of Mt. Gox Bitcoin distributed as creditors continue to hodl

Despite receiving over $4 billion worth of Bitcoin, which has appreciated by over 8,500% in the 10 years since Mt. Gox collapsed, the exchanges creditors continue to hold their assets.

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Bitstamp will begin Mt. Gox creditor repayments on July 25

After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed.

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Mt. Gox creditors opt to hodl Bitcoin payouts Reddit poll

As the Mt. Gox trustee has yet to distribute 64% of the Bitcoin owed to creditors, the Reddit Mt. Gox community is pushing the hodl agenda.

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FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this [...]

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