The next FTX bankruptcy hearing is scheduled on Wednesday, January 11, at 9 a.m. EST in the District of Delaware Bankruptcy Court. The former CEO of FTX Sam Bankman-Fried’s ‘SBF’ attorneys will join the discussion about the deadline expansions and auction of distressed assets. Additionally, the court proceeding is to
Bitwise, a cryptocurrency asset manager, has formally applied to the US Securities and Exchange Commission to become the first spot XRP exchange-traded fund (ETF). The filing states that, after the Bitwise XRP ETF receives SEC clearance, it will provide investors access to the value of the XRP owned by the
The price of XRP has slipped over 4% in the last 24 hours, despite a positive announcement regarding Bitwise Invest’s filing for an XRP exchange-traded fund (ETF) in Delaware. On Wednesday, October 2, the altcoin saw its value dip to $0.5843, following a Monday jump that closed at $0.6336. Compared
The Delaware Division of Corporations website now displays an application for a Bitwise XRP exchange-traded fund (ETF). The filing states that the Bitwise XRP ETF was established on September 30, 2024. The CSC Delaware Trust Company, with headquarters in Wilmington, Delaware, was named as the registered agent. Brad Garlinghouse, CEO
The reimbursements procedure for the insolvent derivatives exchange FTX, which is one of the most eagerly awaited, starts next week, which might be a pivotal moment for the crypto market. However, experts predict that the purchasing demand for Bitcoin and altcoins in particular is going to grow dramatically. As almost
Bankrupt crypto exchange FTX has reached a settlement with Emergent Fidelity Technologies, a firm co-founded by Sam Bankman-Fried, over more than $600 million worth of Robinhood shares. The deal, disclosed in a motion by FTX CEO John Ray III on September 6 in a Delaware Bankruptcy Court, involves FTX paying
South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was announced by Mike Belshe, BitGo CEO during the Korea Blockchain Week 2024 event in Seoul. Hana Financial Group, one of the largest financial institutions in South Korea, acquired a
After the U.S. court’s order for FTX to pay $12.7 billion and repay creditors, the exchange is facing new challenges in its repayment efforts. The US Securities and Exchange Commission (SEC) has issued a warning against the bankrupt exchange’s strategy for repaying creditors. The SEC’s latest filing suggests a “possible
Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to evaluate the company’s proposed restructuring and liquidation plans for Terraform Labs Pte Ltd. and Terraform Labs Limited. On August
Delaware, United States, 16th August 2024, Chainwire
