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Between June 9 and 13, sixty major Bitcoin-related (BTC) announcements were made by companies around the world, according to data shared by @btcNLNico on X. The Bitcoin Treasury Strategy is entering a rapid growth phase, with more firms adopting the leading cryptocurrency as part of their financial infrastructure. Over 2,500 BTC Added as New and
The post Bitcoin Treasuries Skyrocket With 60 New Announcements Within A Week appeared first on CoinGape.
Gold (XAU/USD) has fallen out of favor with investors as capital pours into riskier assets, driven by the likelihood of…
The post WazirX Users May Won’t Get Full Lost Funds Back – Here’s Why! appeared first on Coinpedia Fintech News
WazirX users who lost their funds in the 2023 hack might soon get some relief, but not the full amount. After the court rejected its first proposal, WazirX has submitted a new plan to return a partial portion of the lost money. The final decision is expected by June 20.
So, what’s going on, and why won’t users get back everything they lost?
WazirX had earlier submitted a restructuring plan to the Singapore High Court, offering to return user funds after the massive hack in July 2023. But the court rejected that plan on June 4. In response, WazirX filed a formal request again on June 6, asking for reconsideration.
Now, the Singapore judge has allowed the exchange time until June 20 to present a revised plan. On that day, the court will decide whether WazirX’s proposal is acceptable or not.
According to a recent announcement from WazirX, it is planning to restart its business under a new structure. The WazirX is even planning to move its base from Singapore to Panama and rebrand its company name to Zensui.
Meanwhile, the company claims it will return a percentage of the users’ funds, not the full amount. This means users might get back only a part of their money.
Yes! If the plan is approved, WazirX will say its company is bankrupt and needs to start over.
But here’s the catch—users who accept this payout might lose the right to file legal complaints in the future.
There have been many doubts about WazirX’s transparency. Earlier, they failed to get a license in Singapore and later shifted operations to Panama under a new name. Many believe the new restructuring plan is just another way to avoid accountability.
Right now, over 4.4 million users are still waiting for clarity. If the new plan is accepted on June 20, users may finally receive some portion of their stuck funds. But the exact amount, method, and timeline for refunds remain uncertain.
Until then, users can only wait and hope that this time, WazirX actually delivers.
The post WazirX Users May Won’t Get Full Lost Funds Back – Here’s Why! appeared first on Coinpedia Fintech News
WazirX users who lost their funds in the 2023 hack might soon get some relief, but not the full amount. After the court rejected its first proposal, WazirX has submitted a new plan to return a partial portion of the lost money. The final decision is expected by June 20. So, what’s going on, and …
FARTCOIN has experienced ongoing volatility, with significant price fluctuations over the last few weeks. Despite sudden drops, the meme coin has shown signs of recovery.
To continue this upward momentum, FARTCOIN must break through key resistance levels, and current market conditions suggest it could achieve this soon.
The Relative Strength Index (RSI) has recently moved above the neutral line, marking the first time in two weeks that the RSI is in the bullish zone. This shift is a positive sign for FARTCOIN, as it indicates that bullish momentum is starting to build.
A strong RSI is crucial for the altcoin’s recovery, signaling renewed buying interest in the market.
As the RSI remains in the bullish zone, it suggests that the potential for a breakout is increasing. This could lead to further price growth for FARTCOIN, especially if investors continue to support the meme coin.
The Squeeze Momentum Indicator is also showing signs of bullish potential for FARTCOIN. Currently, the indicator is noting a squeeze, which typically signals a period of consolidation before a potential breakout.
The histogram reveals that bearish momentum is waning, which suggests the altcoin could experience a shift toward upward movement.
The last time the Squeeze Momentum Indicator showed a similar pattern, FARTCOIN surged, indicating that the squeeze may be a precursor to more gains. If the squeeze is released, the meme coin could see a significant rise, potentially pushing the price higher.
FARTCOIN has risen by 11% over the last 24 hours, currently trading at $1.12, and is approaching the key resistance level at $1.20.
If the meme coin manages to break through this resistance, it could signal a continuation of the recent upward movement. A breach of $1.20 would open the door for further gains.
Securing $1.20 as support would be a critical next step for FARTCOIN. If it can maintain this level, the meme coin could rise to $1.42, recovering losses from June. This upward momentum would indicate a strong recovery and could lead to more sustained price growth if the trend continues.
However, if selling pressure builds in the coming days, FARTCOIN could fall below the $1.02 support level. A drop below $1.00 would be concerning and could result in further losses, potentially pushing the price down to $0.91.
Such a decline would invalidate the bullish thesis and signal a shift in market sentiment.
The post FARTCOIN Price Indicators Turn Bullish – Is Another Rally Coming? appeared first on BeInCrypto.