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Bahamas liquidators deny validity of US FTX filing

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The conditional liquidator who is overseeing FTX Digital Markets’ bankruptcy proceedings says FTX was not authorized to file for bankruptcy within the United States without his consent.

Brian Simms, the court-appointed conditional liquidator who is overseeing FTX Digital Markets’ bankruptcy proceedings within the Bahamas, has questioned the validity of the filing for Chapter 11 bankruptcy by the FTX trading subsidiary and 134 various affiliates in a Delaware court on November 14.

In a Nov. 15 document, Simms filed for Chapter 15 bankruptcy within a US bankruptcy court within the Southern District of New York, which once employed as the overseas representative of a person seeking recognition within the US for a continued pending foreign economic situation.

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In the filing, Sims notes that FTX Digital is not part of the Delaware petition, and says because only the conditional liquidator is, “authorized to seek any action as well as, without limitation, to file the Delaware petition,” adding:

“The temporary liquidation order removes the directors of FTX Digital from flexibility to act or exercise any functions for or on behalf of FTX Digital unless expressly instructed to do so by Pine Tree State in writing.”

The Bahamas-based professional argues that as a result he “has not authorized or approved, in writing or otherwise,” he rejects “the validity of any reputable conception of putting FTX affiliates into bankruptcy.”

He further notes, “FTX was ultimately operated entirely from one location: the Bahamas. All essential personnel were similarly recruited within the Bahamas.”

FTX digital asset exchange was backed in May 2019 by SAM Bankman-Fried (SBF) in the city but when Chinese crypto banned, SB relocated the company to the Bahamas capital of Nassau in September 2021.

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Simms did not ask the court to dismiss the US bankruptcy proceedings, stating that “no relief is currently sought conditional for an injunction or dismissal of Chapter 11” but is asking US courts to recognize legal proceedings that occur within the Bahamas.

However, he noted that “it is conceivable that FTX affiliates that filed Chapter 11 would have been tied to the required conditional exemption” by filing it.

Chapter 11 is used by businesses to help them reorganize their debts and pay off creditors while they continue their operations.

The appointment of the conditional liquidators followed the Bahamas’ securities regulator suspending FTX’s registration status and freezing the assets of the original subsidiary on November 10.

 

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DOT/USD is making a steady bullish recovery

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Polkadot price is making a smooth and steady recovery to the upside, after it declined near the $5.00 mark. Furthermore, market signals seem to reveal that this move may have found strength to move above the $6.00 level.

Polkadot Analysis Stats Data:
DOT value now: $5.61
DOT market cap: $6.45 billion
Polkadot mobile show: 1.15 billion
Total supply from the Ministry of Transportation: 1.26 billion
Polkadot Coinmarketcap rating: #11

Key price levels:
Highest: $5.61, $5.80, $6.20
Floor: $5.30, $5.00, $4.70

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Polkadot Price Prediction Today December 3, 2022: DOT/USD Needs Contribution of Bulls

DOT / USD At the moment, it is recovering steadily, as seen by the price action on the daily chart. During this continuous session, the price activity consists of a significant amount of buying. Thus, this brings the price above the middle boundary of the Bollinger Band. Also, the MACD curves can be seen rising smoothly towards the 0.00 line after it had performed a bullish crossover. However, more buying is still needed, to develop the current price action significantly. This is said to have happened when the price action found support above the middle band of the Bollinger Band. Ultimately, this could lead to a price move near the $6.00 mark.

Polkadot Price Forecast Today, December 3, 2022: DOT/USD Makes a Steady Bullish Rebound

Polkadot Price Prediction Today Dec 3, 2022: DOT/BTC Needs More Push

The price action in the DOT/BTC market looks less than impressive. This is depicted by the fact that the current price has not made it above the moving average line. The last price candle here pushed the price to the Bollinger band level. However, in the current session, the tailwind effect is very clear. This can be seen as the price candle looks huge. However, the MACD curves are getting close to each other to crossover. Therefore, for traders to see more upside, more upside is needed in the price action. If all the market factors here can continue to align in favor of the upside for a little while longer, the price will move further towards the 0.0003400 mark.

Overall, we can say that Polkadot is only making small gains at the moment. However, for traders to make a good profit from the market, there is a need for significant price movements to occur. Thus, this is where the effect symbol is IMPT This comes. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

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Dash 2 Tadawul – High Potential Pre-Selling

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  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

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LBLOCK V1 is looking to top the $0.0001800 price level

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Lucky Block V1 price is witnessing the influence of bullish forces and this has pushed its price near the $0.0001800 mark recently. However, a headwind later blew in, causing some minor setbacks. However, LBLOCK V1 seems to have found new strength, and with it this crypto seems focused on breaking $0.0001800.

LBLOCK V1: November 3, 2022
LBLOCK V1 Price: $0.0001716,000
Lucky Block V1 Market Cap: $7.01 Million
Streaming view LBLOCK V1: 40.77 billion
Total supply LBLOCK V1: 99.6 billion
Lucky Block V1 Rank on Coinmarketcap: #4890

Main price tag:
Resistance: $0.0001716, $0.0001756, $0.0001796
Material: $0.0001680, $0.0001660, $0.0001630

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LBLOCK V1 PRICE FORECAST: Lucky Block V1 is set to Ascending

On the 4-hour chart of LBLOCK v1, it seems that the price is ready to move up significantly. This can be seen as the fast and slow Guppy MMA lines are now converging to cross below a bullish price candle. Also, the MACD lines are now out of balance. Moreover, these lines do not move sharply downward, but sideways. Thus, as the ongoing session continues to remain in the hands of buyers, we may see a significant rally in prices.

Lucky Block V1 Price Prediction: LBLOCK V1 Eyes Top $0.0001800 Price Level

LBLOCK V1 Price Prediction: Looks like the Lucky BLOCK V1 Uptrend has started

Upon reaching the lower time frame of the 1-hour LBLOCK V1, it can be seen that the price indicators seem to reveal that we may be at the beginning of a significant price increase. The last price candle here continues to indicate that buying is still going on. Also, the Guppy Multiple Moving Average curves have now converged below the current price level. Also, the MACD lines are below the 0.00 level but are now moving upwards. Thus, buyers can now gain more bullish buying confidence, and this could lead to Lucky Block price rising above $0.0001800.

It looks like this market is poised to make some promising moves, just like the impact token IMPT. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

You can purchase Lucky Block here. Buy LBLOCK

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Related:

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


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4 Best Cryptocurrencies to Buy Right Now, Dec 2: ETHW, TWT, TAMA

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The potential for most currencies to turn bullish has decreased significantly during the current bear season Cryptocurrency Market. However, pre-sale tokens with innovative use cases, such as Dash 2 Trading (D2T), is often your best bet because many investors are currently shifting their investments there. During the ongoing D2T token pre-sale, just over $8 million was raised. An integrated analytics platform called Dash 2 Trade (D2T) provides market-beating information and tools to help you advance your trading career. The hiring of additional team members caused a delay in the pre-sale beta launch of the dashboard.

The moving average (MA) for ETHW/USD has already indicated a buy. A breakout from the diagonal resistance could lead to a strong expansion to the upside. For now, TWT/USD is still looking bullish inside the bullish channel. Buying Dash 2 Trade at this moment could also be another profitable move for investors since D2T is practically beneficial to its community.

EthereumPoW (ETHW / USD)

After bouncing back at the $13.89800 resistance, the price is dropping sharply below the top. Recently, the price reached the $3.06110 support, and ETHW/USD is expected to break and retest the downtrend line to the upside.

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EthereumPoW (ETHW / USD)

Current price: $4.04
Market value: $0.43 billion
Trading volume: $95 million
7 day profit: 21.26%

Trust Wallet Token (TWT/USD)

TWT/USD price is currently rising within a bullish channel, but not parallel. It is currently expected that the market will seek liquidity below the equal lows and inside the liquidity void before resuming the market’s upward trend. While waiting for a downward correction, it would be a good idea to buy D2T And keep it as it is currently in pre-sale.

TradingView chart

Trust Wallet Token (TWT/USD)

Current price: $2.41
Market value: $1.00 billion
Trading volume: $0.16 billion
7 days profit: 11.25%

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Tamadoge (TAMA/USD)

After the downtrend line was broken on November 29, more bulls were looking for a discount to place their buy orders. The Tamadoji The market reacted to the bullish order block, and the price is expected to continue rising until reaching the old high at $0.020750.

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Tamadoge (TAMA/USD)

Current price: $0.0197
Market value: $20.8 million
Trading volume: $1.07 million
7-day profit: -5.48%

Impact Code (IMPT)

effect symbol (IMPT) makes it possible for everyone to contribute to a greener and more sustainable world. This is a great time to invest in the project. From IMPT’s current presale, approximately $13.5 million has been generated to date.

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Dash 2 Tadawul – High Potential Pre-Selling

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


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