Tag: cryptocurrency

FTX's Lawsuits: Gen Z Demands More Than Just Asset Recovery

FTX's Lawsuits: Gen Z Demands More Than Just Asset Recovery

In this matter, FTX is suing NFT Stars and Kurosemi for failing to deliver NFTs. This bears all the hallmarks of a stopgap measure addressing a serious, underlying concern. Of course, recovering investor assets is important, especially for investors who are still suffering from the platform’s failure. We are discussing...

FTX's Token Recovery A Necessary Evil For Market Stability?

FTX's Token Recovery A Necessary Evil For Market Stability?

The crypto world is exploding again. https://t.co/0639YVYMfj pic.twitter.com/6WYHsy0xi9 This time, it’s different—not just meme coins and the latest celebrity NFT drops. Now it’s FTX, reanimated from the dead (kinda), suing NFT Star and Delysium to try and regain some tokens. Is this the cynical move of a cold, calculating, bankrupt...

FTX Seeks Return of Millions in Tokens from NFT Star and Delysium

FTX Seeks Return of Millions in Tokens from NFT Star and Delysium

By all accounts, FTX is hoping to sue NFT Star and Delysium to get back millions of dollars in tokens. The cryptocurrency exchange, currently embroiled in bankruptcy proceedings, has repeatedly attempted to reclaim these assets before turning to the courts. The legal actions, reported on April 28, aim to ensure...

FTX's Token Recovery Mission: Chasing NFT Star & Delysium

FTX's Token Recovery Mission: Chasing NFT Star & Delysium

The aftershocks of FTX’s sudden collapse have left the entire crypto world in constant chaos. Continuing on this path, most notably is the recent tide of lawsuits, all aimed at reaping lost treasures. FTX, along with the FTX Recovery Trust, has initiated legal action against NFT Stars Limited, KUROSEMI INC.,...

Bitcoin's $212M Blip A Warning Sign? Time for Crypto Guardrails

Bitcoin's $212M Blip A Warning Sign? Time for Crypto Guardrails

That $212 million Bitcoin sell order that suddenly disappeared on Binance the other day? It wasn't just a glitch. It’s a critically important flashing red light screaming for a little grown-up supervision in the crypto playground. As someone who has seen this kind of nonsense play out on Wall Street...

Vanishing $212M Bitcoin Order: Spoofing's Shadow Returns?

Vanishing $212M Bitcoin Order: Spoofing's Shadow Returns?

Last week, the crypto community absolutely lost its mind. A larger-than-life $212 million Bitcoin order inexplicably disappeared clears off Binance’s order books. This situation has raised new concerns regarding market manipulation. More specifically, it dives into one such practice known as “spoofing” and how it threatens to further destabilize the...

$212 Million Bitcoin Order Vanishes on Binance, Raising Spoofing Concerns

$212 Million Bitcoin Order Vanishes on Binance, Raising Spoofing Concerns

At 10:54 PM UTC on April 14, an enormous bitcoin sell order for 2,500 bitcoin was placed on the Binance order book. This deal was worth an estimated $212 million, with a purchase price of $85,600. The order was removed almost immediately, leading to speculation that the removal order may...

Is Crypto Rigged? $212M Bitcoin Flash Crash Exposes the Truth

Is Crypto Rigged? $212M Bitcoin Flash Crash Exposes the Truth

Okay, let's be real. How many times have we heard, just around the bend, the promise of crypto. "Decentralized finance!" "Empowerment for the people!" "Financial freedom!" It’s a lovely vision, a digital Robin Hood defeating Wall Street. But then this happens. A huge $212 million Bitcoin sell order just vanished...

XRP Price Consolidates Gains Amidst Market Uncertainty, $3.00 Target in Sight

XRP Price Consolidates Gains Amidst Market Uncertainty, $3.00 Target in Sight

XRP continues to tread carefully in a multifaceted market environment. It builds on previous recent gains while proving bullish potential and sensitivity to wider market sentiment. The digital currency’s market price now stands at about $2.26. It has fallen by more than 1% today as it continues searching for support...

XRP to $3? Here's Why Crypto Stability Means Justice for All

XRP to $3? Here's Why Crypto Stability Means Justice for All

Look, we know that you’re sick of hearing about “the next big thing” in crypto. Before you roll your eyes, consider this: what if a stable crypto market, and specifically, a rise for XRP, could actually pave the way for a more just world? I know, it sounds like a...