Day: November 16, 2022

Bahamian liquidators reject validity of FTX’s US bankruptcy filing

Stephen Katte

Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in The Bahamas, has called into question the validity of a Chapter 11 bankruptcy filing by subsidiary FTX Trading and 134 other affiliates in a Delaware court on Nov. 14. In the Nov. 15 document, Simms filed for Chapter 15 Bankruptcy in the United States Bankruptcy Court in the Southern District of New York, which is used when a foreign representative of the debtor seeks recognition in the U.S. for a pending foreign insolvency proceeding. In…

Dogecoin Holds Above 0.08; Here Is Why This Is Good For DOGE Army

jamesobande

 DOGE’s price fails to hold amidst market turmoil as price falls back to its support zone with a range-bound movement.  DOGE’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.  DOGE’s price continues to hold $0.08 on the daily timeframes as the price aims for a bounce above the 50 Exponential Moving Average (EMA) The price of Dogecoin (DOGE) has been a standout performer for October, rallying with over 100% gains in 24 hours. Still, In…