Bitcoin’s 9-Day Winning Streak, Silvergate Receives Federal Loan, FTX Attorneys ‘Locate’ $5 Billion And Apple Ready To Enter Metaverse

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Last Updated on 6 November 2023 by CryptoTips.eu

Before we start playing Denzel’s pump it up again (yes I did see that on Twitter already) and put ‘laser eyes’ on everyone’s Twitter picture, let’s not lose sight of the fact that it’s ‘only’ $18,000 just yet. Still though, the 9-day in a row winning streak for Bitcoin is good news. And that is not the only good news apparently. A quick overview

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FTX attorney finds $5 billion

An attorney representing collapsed crypto platform FTX claims that they have now ‘located’ some $5 billion dollars, meaning customers are probably more likely to receive some funds in return anytime soon, or at least that would be my hope.

Andy Dietderich of law firm Sullivan & Cromwell (who are rumored to be themselves in trouble for having wrongly advised FTX before according to the Financial Times) explained to the press that:

We have located over 5 billion dollars of cash, liquid cryptocurrency and liquid investment securities.

US Bankruptcy Judge John Dorsey in Delaware was pleased with the news but still confirmed that American football star Tom Brady, his former wife Giselle Bündchen and New England Patriots owner Robert Kraft were mentioned in court filings against FTX.

Silvergate receives loan

The Californian bank that was met with a bank run of some $8 billion in withdrawals after FTX collapsed meanwhile, has now received a $4.3 billion loan form the Federal Home Loan Bank.

Commenters on Reddit claimed that with this move the ‘US taxpayers just bailed out’ the FTX-friendly bank.

They were not too pleased as to how their tax money was used.

Apple Metaverse

Lastly, it seems Tim Cook, CEO of Apple, is ready to enter the metaverse, just like Mark Zuckerberg of Meta (formerly Facebook) did before him.

Seeing the possibilities of virtual worlds, Apple seems ready to launch a Mixed-Reality Headset in the spring already.

All those metaverse coins might be looking up again if that happens.

spaxiax / Depositphotos.com

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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