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Voyager Secures $450 Million Settlement in Bankruptcy Case

A Delaware bankruptcy judge John Dorsey finally agreed to a $450 million settlement between now defunct crypto exchange FTX and the now bankrupt crypto brokerage Voyager Digital. This filling was passed on Monday 29 of April.
Voyager’s creditors will stand to gain from this repayment. It is one among several settlements that the company has been able to make since it filed for bankruptcy in July 2022.

The contract will enable Voyager to obtain a $4.5 million from the escrow fund and the remaining $445 million from the lawsuit against Alameda Research, which is associated with FTX’s crypto trading company. In this manner FTX terminates both the rights to the funds and personal claim to the funds.

The company is also suing other organizations, such as the corporation’s Three Arrows Capital, for fraud.Voyager has suggested the following plan that involves the repayment of its clients 100% of their assets minus the amount owed to the company.

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BNB rises against Bitcoin: What does this mean for the crypto market?

Active Currencies
14033
Market Cap
$2,442,798,114,633.04
Bitcoin Share
50.76%
24h Market Cap Change
$-2.34
AMBCrypto
AMBCrypto
Home > Binance > BNB rises against Bitcoin: What does this mean for the crypto market?
BINANCE
BNB rises against Bitcoin: What does this mean for the crypto market?
2min Read
BNB outperformed BTC in terms of price performance over the last month.

Posted: April 30, 2024
By: Himalay Patel
Edited By: Ann Maria Shibu
BNB BTC MTD
BNB’s price performance was much better than BTC over the last month.
Despite this, traders continued to hold a bearish stance against BTC.
Even though Binance has gone through massive trials and tribulations over the last few months, the BNB token remained unaffected. According to recent data, the BNB and other L1s’ Month-to-date performance against BTC was relatively high.

BNB competes with the big dogs
BNB outperformed BTC by 11.38% in the month of April. At press time, the token was trading at $587.72. Its price had grown by 18.10% after it tested the 512.9 level on the 18th of April.

Despite the positive price movement, the token faced some challenges over the last month. The price movement showed extreme volatility and deviated between the $619 and $512 levels multiple times during this period.

The extreme volatility of the token can impact trader perception negatively and could affect open interest for BNB in the future.

The CMF (Chaikin Money Flow) took a hit over the last few days, indicating that the money flowing into the token declined.

Moreover, the OBV (On Balance Volume) of BNB fell significantly. If the OBV is trending downward, it suggests that selling pressure is outweighing buying pressure. This could be a sign of potential weakness in the price and might foreshadow a downtrend.

If BNB succumbs to the selling pressure, it may crash to the 511.5 level before rallying again.

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SHIB Price Prediction: Can Spike In Burn Rate Drive Price to $0.001?

Shiba Inu Coin price prediction: SHIB's recent market trends show potential for significant growth and stability.

STORY HIGHLIGHTS

Shiba Inu Coin sees a 2200% increase in burn rate, boosting value.

Shiba Inu Coin, a meme coin, has seen a significant surge in its market value. Over the past 24 hours, the SHIB price has skyrocketed by over 2%. The surge in Shiba Inu Coin’s value is indicative of the growing interest and confidence among investors and traders in meme coins. At the time of writing, the Shiba Inu Coin price is trading at $0.00002618, indicating a bullish trend.

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What Made Hedera (HBAR) Price Go Up by 100% in One Day?

Find out why the price of Hedera (HBAR) doubled in just one day! Explore the reasons behind this sudden jump in the cryptocurrency's value.
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Weekly Recap: 20/04/24 - Airdrop part 1 distribution - We have discussed below points and gets clarity on detail:-
1. Buy
2. Sell
3. Deposit
4. Withdraw
5. Receive
6. Send
7. Utility Bills
8. KYC & Tier management 
9.Token Creation/ ICO  Have a great weekend!

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