This Tuesday, Futures Exchange (aka FTX), a bankrupt crypto exchange firm has given an agreement of selling their crypto derivatives platform LedgerX for 50 million dollars to Miami International Holdings (MIH), a trading service provider. The CEO of FTX, John Ray said, “We are pleased to reach this agreement with
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has become the world’s number one asset. The report on asset class returns for Quarter 1, 2023, shows that Bitcoin outperforms all other assets. #Bitcoin is the #1 asset in the world! pic.twitter.com/Tq8glQ857X — Documenting ₿itcoin 📄 (@DocumentingBTC) April 25, 2023
Crypto lender Celsius Network has been seeking all options to increase the value of its assets and restructure its business since filing for Chapter 11 Bankruptcy on July 2023. Today the cryptocurrency lender announced that it agreed to partner with asset management NovaWulf Digital Management to recover from bankruptcy. Celsius
Sam Bankman-Fried, the former FTX founder is accused of using a Virtual Private Network (VPN) to access the internet, which has concerned U.S. prosecutors. U.S. Attorney Damian Williams stated that the government considered utilizing a VPN to “raise numerous possible concerns. Including instances of American users accessing specific international crypto
Sam Bankman- Fried’s attorneys and federal prosecutors have come to an agreement regarding his usage of texting apps. SBF agreed on Monday to stop using Signal and other encrypted messaging apps, according to a letter his lawyer submitted to the court. Access to FaceTime, Zoom, iMessage, SMS text, email, and
The bankruptcy cryptocurrency lender Celsius Network announced that some customers of the custody program from the insolvent crypto lender would be able to withdraw 94% of their eligible assets. Since June 2022, when the Celsius Network halted withdrawals, the crypto lending company created a withdrawal procedure for users who holds
Due to the FTX breakout, the crypto lending platform BlockFi filed for chapter 11 bankruptcy protection on November 28, 2022. On Monday, the company got approval from the United States Bankruptcy Court for the District of New Jersey to hold an auction for its crypto-mining assets. The company wants to
Sam Bankman-Fried (SBF), the co-founder of the now-defunct cryptocurrency exchange FTX, has reportedly attempted to influence the witnesses. In a recent court document, the U.S. prosecutors declared that the former CEO of FTX tried to persuade a witness in the case being investigated by the US government. In the wake
The crypto communities keenly observed FTX case had taken a few new turns such as the request for interrogating the previous CEO’s parent and sibling. The Bankman-Fried family will probably be answering the FTX lawyer’s question under the oath. Courts proceedings between the SEC and the collapsed crypto firm FTX
According to reports, Genesis , a cryptocurrency lender, plans to file for bankruptcy as early as this week. Since FTX’s demise and bankruptcy in November, bankruptcy filing has been expected. As per certain sources, Genesis was discussing a prepackaged bankruptcy plan with its creditors, which would entail striking a restructuring
