Tag: increase

US court gives Three Arrows nod to increase its FTX claim to $1.53B

coiner

A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion. Chief Judge John Dorsey rejected FTX’s debtors’ argument that the amended proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt to slow the bankruptcy proceedings. In a March 13 ruling in the US Bankruptcy Court for the District of Delaware, Dorsey opined that 3AC liquidators had provided sufficient notice of their claim and the possibility…

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Will December Surpass November’s Record-Breaking Bitcoin Price Increase?

coiner

Bitcoin is closing out one of its most remarkable months in history, surging over $30,000 in November and marking a renewed bullish sentiment in the market. As we look ahead to December and beyond, investors are eager to understand whether Bitcoin’s momentum can sustain itself into 2025. With macroeconomic conditions, historical trends, and on-chain data aligning in Bitcoin’s favor, let’s analyze what’s happening and what it could mean for the future. November’s Record-Breaking Performance November 2024 wasn’t just any month for Bitcoin; it was historic. Bitcoin’s price rose from around…

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Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year

coiner

Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more significant growth, with revenue rising 51.4% year-over-year to $68.9 million. The […] Source link

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