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Search Results for: Delaware

Bankruptcy Court Greenlights Defunct FTX to Sell $873M Worth Assets

The bankruptcy court in Delaware approved the sale of around $873 million worth of trust assets held by the defunct crypto exchange FTX on November 29.  Assets totaling $873 million will come from FTX holdings in several trusts issued by Bitwise ($66 million), a custody service provider, and Grayscale Investments

November 30, 2023 1 min read

Job Corps Selects Fiber Broadband Association’s OpTIC Path™ Technician Training Program

With over 120 Job Corps campuses, FBA’s OpTIC Path program can provide nationwide opportunities for fiber broadband workforce development WASHINGTON–(BUSINESS WIRE)–#FBA–The Fiber Broadband Association (FBA) today announced that its Optical Telecom Installer Certification (OpTIC Path™) program has been approved as the primary Fiber Optic Technician Credential for Job Corps. Piloting

November 29, 2023 4 mins read

Bittrex Global Shuts Down Months After U.S Subsidiary Closure

Just months after its U.S subsidiary was shuttered, crypto exchange Bittrex Global is reportedly closing down operations. Following Bittrex US’s bankruptcy filing in Delaware in May, the duo were sued by the U.S SEC for running a securities exchange without proper authorizations. This ultimately led to the closure. After “all

November 21, 2023 2 mins read

Ethereum Battles $2,000 Despite BlackRock ETH ETF Filling

Asset management giant BlackRock has officially submitted a filing for a spot Ethereum exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). This development underscores BlackRock’s increasing commitment to cryptocurrency investments and follows its recent registration of the iShares Ethereum Trust in Delaware. BlackRock filed for a

November 17, 2023 2 mins read

XRP Attempts Rebound After Fake ETF Filing Briefly Spikes Price

XRP is working to recover after a bogus filing briefly sent prices surging earlier this week. The token is up slightly over the last 24 hours, making it one of the only top 10 cryptos in green. On Monday, rumors circulated on Twitter that asset manager BlackRock had filed to

November 14, 2023 2 mins read

Jim Cramer’s Predictions Defied as Bitcoin Price Witnesses Surge

In the finance sector, Jim Cramer, a popular television personality and financial analyst, is typically noted for his aggressive market forecasts. When Jim Cramer predicts the direction of digital assets or equities, a phenomenon that has been jokingly dubbed “Cramer’s curse” often follows. A curious pattern has evolved where the

November 12, 2023 1 min read

Bitcoin Bulls Strive To Shatter Key Resistance Barrier

Recent substantial spikes in the crypto market may be attributed to a confluence of optimistic events in the industry.  BlackRock was the primary catalyst as the company filed for a spot ether ETF with the State of Delaware, which drove the prices of most cryptocurrencies.  Market confidence has been strengthened

November 11, 2023 2 mins read

Defunct Crypto Exchange FTX Sues Bybit to Reclaim $953 Million

Crypto exchange FTX’s bankruptcy advisors have sued Bybit Fintech Ltd. to reclaim cash and digital assets valued at an astounding $953 million. According to FTX’s advisors, ByBit took all of the funds just before the company filed for Chapter 11 bankruptcy in November. The action was filed on Friday, November

November 11, 2023 2 mins read

Ethereum Fails to Break Resistance. Are Bears Taking Over?

Ethereum has been a focal point of discussions in the cryptocurrency world this week, making significant strides in its price. It surged above $2,000, reaching a six-month high of $2,136 yesterday, marking a 13% increase in the past seven days. Several factors appear to have contributed to this surge, mainly

November 11, 2023 2 mins read

Why Crypto Market is Pumping? This Could be the Reason

In the past 24 hours, the broader cryptocurrency market has displayed a significant comeback, surging by an additional 2%. The total market capitalization has now surpassed the $1.4 trillion mark, indicating that the crypto sector continues to exhibit substantial strength. This bullish trend persists despite recent statements from Federal Reserve

November 10, 2023 2 mins read