FTX creditors emerge as possible fillip

Quick Summary:

CRYPTO exchange FTX’s creditors are set to receive more than $12 billion in coming months in a court-approved payout plan, raising the prospect that some of the cash could be plowed back into digital assets.

The largest cryptocurrency is up 43 percent this year, about as much as an index of the Magnificent Seven technology megacap stocks in the US.

Demand for US Bitcoin exchange-traded funds helped push the token to a record high of almost $74,000 in March.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: Philippines

Topics: Prospect Galaxy Assets Year Crypto Bitcoin Creditors Research Digital Billion Raising

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 14:10:47 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22969569

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 116 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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