Bankruptcy

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

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Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts…

FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation

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On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total assets were found in…

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager

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According to a court document filed recently in the Voyager Digital bankruptcy case, USA. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Väärtpaberi- ja börsikomisjon (SEC), the FTC has objected to Binance…

Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets

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Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 miljardit,…

Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading

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Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, dets. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec….

Uuringud näitavad, et tsentraliseeritud vahetused külastasid sel aastal kõige rohkem ameeriklasi, korealased, venelased

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Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such…

Aruanne: Genesis võlgneb Gemini klientidele $900 Miljon, Exchange üritab varasid tagasi saada

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According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Aruanne…

Crypto Exchange Bitfront Shuts Down Amid Industry Challenges

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

Aruanne: State Securities Regulators Probe Crypto Lender Genesis

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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…