Search Results for: bankruptcy

Crypto Exchange Bitfront Shuts Down Amid Industry Challenges

durch

Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. Die USA. Handelsplattform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported…

Kevin O’Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed

durch

Shark Tank star Kevin O’Leary, aber mr. Wunderbar, has shared how he and Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors to save crypto exchange FTX before it collapsed. jedoch, when reports emerged of FTX being investigated by several…

Prüfbericht: State Securities Regulators Probe Crypto Lender Genesis

durch

State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have…

Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown

durch

Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched…

Der Generalstaatsanwalt von New York fordert den Kongress auf, Kryptowährungen auf Altersvorsorgekonten zu verbieten

durch

Die New Yorker Generalstaatsanwältin Letitia James hat den Kongress aufgefordert, ein Gesetz zu verabschieden, das Krypto-Investitionen in Rentenkonten verbietet. “Fleißige Amerikaner sollten sich keine Sorgen machen müssen, dass ihre Altersvorsorge durch riskante Wetten auf instabile Vermögenswerte wie z. B. vernichtet wird…

FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated

durch

According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda…

Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals

durch

Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult…

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

durch

Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that…

Brazilian Cryptocurrency Bill Resurfaces After General Ballot

durch

The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week. Berichten zufolge, the project identified as 4.401/2021 will be on the agenda…

Financial Guru Dave Ramsey Weighs in on FTX Collapse — Reiterates His Crypto Warning

durch

Personal finance guru Dave Ramsey has weighed in on the collapse of cryptocurrency exchange FTX. “I told you so,” he repeatedly said, reiterating his long-standing advice that investors should not put money into crypto. Dave Ramsey on Bitcoin, Krypto, und die…