Posts published on September 11, 2023 go to media archive 2/4

FTX Estate Controls $1.1B in Solana and $560M in Bitcoin Amid Bankruptcy Revelations

The FTX estate, currently overseeing the bankruptcy and restructuring of the once-active crypto exchange, reveals holdings of $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC). 16% of Solana’s Market Cap Is Held by FTX In a…

Crypto CEO Bags Record Breaking Prison Sentence For $2 Billion Theft

Former CEO Faruk Fatih Özer of the bankrupt Turkish crypto exchange Thodex has been given a record-breaking prison sentence for stealing $2 billion in customer funds. Crypto CEO Sentenced To 11,196 Years Prison Sentence On Thursday, September 7…

Bitcoin Dips Below $25K in a Tumultuous Crypto Market, While Traditional Equities Soar on Tesla’s Rise

Bitcoin’s (BTC) value dipped under the $25K mark on Monday, a level unseen in 88 days, pushing the global cryptocurrency market cap perilously close to falling below the $1 trillion benchmark. Presently, BTC is hovering just above the $25K…

Bitcoin Weekly TD Sequential Buy Setup Appears, But Warns Of Potential Risk

Bitcoin price keeps falling, now pushing down against support at $25,000 per coin. The recent sweep of lows has resulted in a perfected TD9 buy setup according to the weekly TD Sequential indicator. Although this sounds positive for crypto, if the…

Dormant Bitcoin Awakenings: $958 Million in ‘Sleeping Coins’ Stir in 2023

In 2023, a notable wave of dormant ‘sleeping bitcoin’ transactions resurfaced, totaling a staggering 37,330 BTC valued at $958 million based on current BTC exchange rates. Throughout the year, analysis revealed that these inactive…

Former PayPal President David Marcus Aims to Turn Bitcoin Into a Global Payment Network

In a recent appearance on CNBC's Squawk Box, former PayPal President David Marcus shared his vision for Bitcoin, aiming to transform it into a global payment network. Marcus, who is the CEO of Lightning Network infrastructure company Lightspark…