FTX Tells Creditor Meeting It Has Over $1 Billion In Cash – December 21

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,856

Bitcoin price has traded within a narrow $190 range over the last 24 hours, as it begins Wednesday more or less where it left off yesterday.

Top-20 altcoins are also quite steady, as Ethereum remains unchanged, BNB falls just 1% and Toncoin enters the top 20 with an 8% surge.

Top Stories for December 21, 2022 πŸ”₯

πŸ‘‰ FTX Tells Creditor Meeting It Has Over $1 Billion In Cash

Collapsed crypto exchange FTX has told a creditor meeting that it has more than $1 billion in assets identified, as it tries to claw back money from bank accounts to fulfil Chapter 11 bankruptcy proceedings.

$720 million in cash assets has been located in various US financial institutions authorized by the Department of Justice, while another $500 million has already been rounded up. There is also around $130 million in “ringfenced” cash locked up in Japan, while efforts are ongoing to identify FTX’s international crypto assets.

πŸ‘‰ Paxful Pulls Support For ETH, Citing Centralization & Scams

Peer-to-peer crypto marketplace Paxful has removed Ether (ETH) from its platform, in a move they say is to preserve their integrity.

CEO Ray Youssef says that Ethereum’s move to proof-of-stake has essentially turned ETH into a “digital form of fiat,” saying it is no longer decentralized and will one day require permission to use it.

Youssef also added that tokens created on the Ethereum network have been “scams that have robbed people of billions.”

πŸ‘‰ Uniswap To Enable Crypto Purchases Using Debit & Credit Cards

Decentralized exchange Uniswap has formed a partnership with payments provider Moonpay, to enable users to purchase tokens using credit cards, debit cards and bank transfers.

Users will now be able to buy crypto with fiat on Ethereum, Polygon, Optimism and Arbitrum using the feature. Bank transfers are available only for users in most US states, Brazil, the UK and the Single Euro Payments Area (SEPA).