NEW YORK–(BUSINESS WIRE)–BlackRock’s spot bitcoin ETF, the iShares Bitcoin Trust (IBIT), begins trading today on Nasdaq. IBIT seeks to track the performance of the price of bitcoin and carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $5B assets under management (AUM)1.
Complaint Alleges Director Defendants Breached Fiduciary Duties by Approving Stock Sale to Affiliates of Directors Jay Foreman and Mathieu Peloquin at an Inadequate Price and Engaged in a Deeply Flawed Process Asks Court to Rescind the Transaction and Award Damages LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance, Inc. (NYSE American: AULT), a
In an updated Chapter 11 plan of reorganization, the creditors of the bankrupt FTX crypto exchange have said that the value of client asset claims would be adjusted backwards to the date of the firm’s collapse in November 2022. The debtors recently said in a court filing in the U.S
Infinite Reality plans to go public in early 2024 via Newbury Street Acquisition Corporation (Nasdaq: NBST) NORWALK, Conn.–(BUSINESS WIRE)–Infinite Reality, Inc. (“iR” or the “Company”), the global leader in powering AI-virtual immersive experiences for clients such as Warner Bros. Discovery, Inc., Vodafone Group plc and Universal Music Group N.V., today
During a bankruptcy hearing, a federal judge acted to resolve a long-running disagreement between FTX and its biggest creditor, suggesting the court may attempt to expedite the recovery of FTX customers’ monies from the estate of the defunct cryptocurrency exchange. The crypto exchange’s outstanding balance with the Internal Revenue Service
PARIS & BOSTON–(BUSINESS WIRE)–#ABL—Atlendis Labs and Cicada Partners announced the launch of Asset-Backed Lines of Credit (ABLOC) to Fluna, a U.S.-based Trade Finance-focused Fintech. This milestone marks the official launch of the Private Asset-Backed Strategy following the strategic partnership announcement in November. Continued Collaboration With Fluna Under Innovative Financing Structure
The defunct cryptocurrency exchange claims that any “meaningful recovery” intended for FTX victims will be swallowed up by the U.S Internal Revenue Service’s (IRS) planned $24 billion tax bill. Since May, the US tax authorities have been attempting to collect past due taxes from the defunct cryptocurrency exchange and its
Cryptocurrencies valued at $23.59 million were transferred to leading crypto exchanges from wallets associated with the now-defunct FTX and Alameda Research over the course of four days. According to blockchain analytics company Spot On Chain, the insolvent organizations have moved $591 million in 59 different tokens since October 24. Nearly
In a surprising revelation on X, Billy Markus, co-founder of Dogecoin, sheds light on the ambitious island acquisition plan of Sam Bankman-Fried, the now-bankrupt creator of the FTX cryptocurrency exchange. The plan, aimed at securing a future amidst apocalyptic scenarios, has sparked both curiosity and ethical concerns within the crypto
According to blockchain research company Lookonchain, $22 million worth of digital assets have been transferred by defunct crypto exchange FTX and its subsidiary Alameda Research. After filing for bankruptcy, the new team of FTX and Alameda Research wasted no time and sent large sums to major exchanges. The business has
