Day: 13 May 2023

Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar  

EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28 million, had left its creditors in a state of uncertainty. In the latest notice from EY, it was revealed that Quadriga creditors will receive a payout equivalent to 13.094156% of the total value of their claims. EY’s Update Offers Redemption for Quadriga CX Creditors With Haircut Compensation Plan After…

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BTC price bounces at $25.8K lows amid warning over low whale interest

Bitcoin traders line up “safe” support levels, but order book data makes one observer uneasy about the future. Source – cointelegraph.com

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Bitcoin Price Dip Could Be Linked To On-Chain Activity

Bitcoin (BTC) has experienced downward price pressure in May, with the token failing to surpass the $30,000 resistance mark. This development could be linked to on-chain activities that indicate an increase in the number of Bitcoins sold on exchanges during this period.  300,000 Bitcoin Sold On Exchanges In May According to CryptoQuant, a data explorer, over 300,000 bitcoins purchased between one to six months ago have been sold this month. It is worth noting that the majority of these sales were made by individuals who acquired the cryptocurrency between November…

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