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FTX declared Chapter 11 bankruptcy after failing to meet customer withdrawal requests. SBF was later charged by the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the US Department of Justice for his involvement in the entire saga (DOJ). Since then, the crypto community has been waiting for a decision in the case. The FTX collapse was one of the most shocking events in cryptocurrency history. FTX, founded by ex-CEO Samuel Bankman-Fried (SBF), was the world second-largest centralised cryptocurrency exchange, handling user funds worth billions of dollars. SBF was later charged by the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the US Department of Justice for his involvement in the entire saga (DOJ). Since then, the cryptocommuniFTX exchange has filed for Chapter 11 bankruptcy after failing to meet customer withdrawal requests. SBF was later charged by the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the US Department of Justice for his involvement in the entire saga (DOJ). Since then, the crypto community has been waiting for a decision in the case. Ty has been waiting for the case outcome with bated breath. At the same time, hundreds of thousands of investors are closely following the court proceedings, wondering if they will ever see their money again. Fortunately, prosecutors on the case and FTX restructuring team were able to seize/recover a substantial amount of funds associated with the exchange and its founder, SBF. Here a look at some of the seized/recovered funds and what they mean for ill-fated crypto exchange investors. Robinhood shares seized Federal prosecutors revealed that they seized more than $698 million in funds linked to FTX founder Sam Bankman-Fried between January 1 and January 20. These findings were made public as part of a court filing submitted by US Attorney Damian Williams on January 20. The majority of the seized funds were made up of Robinhood stock; 55.3 million shares in total, worth approximately $525 million at current prices. These shares were held by Emergent Fidelity Technologies, an Antigua-based shell company founded by SBF and FTX co-founder Gary Wang. Prosecutors also seized $100 million and $50 million in accounts held by Silvergate Bank and Farmington State Bank, respectively. These accounts allegedly belonged to FTX Digital Markets, FTX Bahamas-based subsidiary. The restructuring team recovers $5.5 billion Another encouraging development was the announcement by FTX restructuring team that they were able to recover $5.5 billion in cash, crypto holdings, and other assets. These details were revealed by FTX lead attorney Adam Landis during a court hearing in Delaware on January 11. Almost $3.5 billion of the recovered funds, according to Landis, were crypto assets, including $268 million in BTC, $245 million in stablecoins, and $42 million in Dogecoin. The lawyers also stated that $1.2 billion in FTX crypto assets were held at other cryptocurrency exchanges. According to the restructuring team, these crypto assets can be easily converted to cash. However, the size of the holdings was so large that if sold on the open market, they could have an impact on prices. FTX is given the green light to divest regional operations and other subsidiaries On January 13, a judge overseeing the FTX proceedings granted permission to the restructuring team to sell some of its subsidiaries and regional arms. FTX Japan and FTX Europe are among them, as are the equities trading platform Embed Technologies and the derivatives exchange LedgerX LLC. The court appointed Perella Weinberg, an investment bank, to oversee the sale process. It also set bid deadlines for Embed, LedgerX, and the other two FTX arms of January 18, January 25, and February 1, respectively. Perella, according to Kevin Cofsky, a partner, had received bids from nearly 120 interested parties. The sale of these assets is expected to bring a sizable sum of money back into FTX coffers. Will it, however, be sufficient to cover customer debt? According to estimates, over nine million FTX customers owe between $1 billion and $10 billion in total. If these estimates are correct, the recovered/seized amounts do not even come close to the total amount owed. However, it has only been a few months since FTX declared bankruptcy. As a result, there is always the possibility of additional recoveries in the months ahead. Furthermore, the sale of FTX subsidiaries and regional arms could generate significant funds. However, it is unknown how much money the sales will generate. The only certainty is that FTX debtors will have to wait several years before any funds are returned. We can only wait and watch until then.

Cryptocurrency has emerged as a sector that has begun to attract investments from a large group of female investors from all over the world. According to a new report from eToro, cryptocurrency is the second most widely held financial asset by women, trailing only cash. Women crypto holdings increased from 29 percent to 34 percent in the last two quarters of 2022 — between July and December. During the same time period, male crypto investments increased by 1%. As part of its Retail Investor Beat survey, the Israeli online brokerage platform recruited 10,000 participants from thirteen different countries. "Crypto is succeeding where traditional financial markets have sometimes failed," according to CoinTelegraph, citing an eToro report. The increased participation of women in the crypto sector has recently been highlighted and acknowledged by Indian exchanges CoinSwitch Kuber and WazirX. According to CoinSwitch, women users from India accounted for 8% of total transactions last year. According to WazirX findings, Indian women prefer blue chip tokens, which are perceived to have higher long-term value and better liquidity. Despite the fact that cryptocurrencies have not been in the best of health in recent months, the sector has seen a significant number of new entrants. Despite the industry major turbulence, overall crypto holdings increased from 36% to 39% last year on a quarter-by-quarter basis. Retail investors, like women investors, are flocking to the crypto bandwagon. Retail investors aged 35 to 54 increased their crypto holdings by 10% last year. In the case of eToro, it acquired options trading platform Gatsby in August in order to expand its presence and crypto services in the United States. The transaction was completed for $50 million (approximately Rs. 400 crore) in cash and common stock. eToro, headquartered in Tel Aviv, Israel, began in 2007 as a fintech firm before shifting its focus to the crypto sphere as its business evolved.

On Monday, the cryptocurrency market was mixed, with gains for Dogecoin, Ethereum, and Cardano outweighing losses for Bitcoin, Solana, and Litecoin. Bitcoin fell 0.61% and remained below $22,800, while Ethereum remained comfortably above $1,600. BTC volume in the last 24 hours was approximately $23.78 billion, a decrease of 27.58%. The cryptocurrency market had an exciting weekend, with BTC breaking through the $23,000 barrier for the first time in 5 months. Institutional investors are increasing their holdings of BTC in anticipation of the next bull run, which is driving demand. This month, Bitcoin has risen by more than 36%, creating an extremely bullish sentiment surrounding the world largest digital asset. The upcoming Fed meeting next month may be the next watershed moment in the cryptocurrency market According to Shivam Thakral, CEO of BuyUcoin. The global cryptocurrency market capitalization was trading around $1.04 trillion, up 0.32% in the last 24 hours. The total volume in DeFi is currently $5.14 billion, accounting for 9.88% of the total 24-hour volume in the crypto market. The total volume of all stablecoins is now $45.82 billion, accounting for 88.06% of the total 24-hour volume of the crypto market. According to CoinMarketCap, the market cap of Bitcoin, the world largest cryptocurrency, was hovering around $438 billion, with a dominance of about 41.96%, a 0.37% decrease over the day. BTC rose above $22,900, recovering from a recent drop toward $20,000. BTC, on the other hand, is currently trading at $22,722, a slight decrease. The current support level is $22,700, and the resistance level is $22,900. If Bitcoin maintains its current momentum, it could reach $23,000. Bitcoin Price $22,740 -0.57% Ethereum Price $1,633 0.36% Tether Price $1 -0.01% USD Coin Price $0.999 -0.01% BNB Price $305.25 1.09% XRP Price $0.4069 0.12% Dogecoin Price $0.08994 5.2% Cardano Price $0.3719 1.06% Polygon Price $1 1.19% Polkadot Price $6.30 0.66% Tron Price $0.06183 0.69% Litecoin Price $88.16 0.76% Shiba Inu Price $0.00001209 0.18% Solana Price $24.57 -2.46% Note: Price change in last 24 hours

The hashrate of Litecoin ($LTC), a cryptocurrency commonly referred to as the silver to Bitcoin gold, recently reached a new all-time high as its price continues to rise in anticipation of its impending halving event. CryptoCompare stats show that Litecoin hashrate has reached a new record high of about 680 TH/s. Like Bitcoin, Litecoin employs a Proof-of-Work (PoW) consensus algorithm. In order to add new blocks to the blockchain and receive rewards, the system pits miners against one another in a race to solve challenging mathematical puzzles. A fixed amount of coins are awarded to the miner who solves the problem first in this process of problem solving, which is known as mining. The amount of hashes (mathematical puzzles) that can be solved in a certain amount of time is known as the hashrate. A greater hashrate indicates that more miners are engaged in the mining process and that the network is more secure. Additionally, a greater hashrate makes it more challenging for malicious users to control the network. A short time after LTC price increased by almost 50% over the previous three months to trade above $80 per coin, the network hashrate increased. Litecoin experiences halving events, where the coinbase reward for miners that discover blocks on the network is halved, similar to how BTC does. The next Litecoin halving event, which will cut mining payouts from 12.5 LTC to 6.25 LTC, is anticipated to take place in August 2023. Events that reduce new supply on the market by half are considered bullish since they do so. Litecoin price may increase months after its halving event, according to historical data, to the point where it reaches a new all-time high next year, as CryptoGlobe reported. But right after the halving, the cryptocurrency can experience a decline. Rekt Capital, a well-known cryptocurrency analyst, found that Litecoin trends to rise pretty substantially before its halving, climbing 820% after hitting rock bottom 122 days before its first halving and 550% after bottoming out 243 days before its second halving. In the past, the coin experienced greater gains following a halving occurrence. LTC experienced a 12,400% increase after its first halving and a 1,573% increase after its second halving. Late last year, after more than two weeks of accumulation by huge addresses holding between 1,000 and 100,000 LTC, the price of Litecoin increased while outperforming the market. It is crucial to note that analysts views on the subject differ, and it is not certain how halving events will affect a cryptocurrency price. A cryptocurrencies performance in the past does not guarantee its performance in the future.