According to reports, the bankruptcy court handling FTX’s case has rejected a letter signed by four US senators seeking an impartial examiner in the case. Concerns over FTX’s interconnection to Sullivan & Cromwell LLP were mentioned by the senators in a letter they sent on January 9th. The letter defined
Reports from legal counsel indicate that FTX has recovered approximately $5 billion in cash and cryptocurrency. As a result, this finding has a substantial effect on the amount of assets that may be recovered from the company’s original bankruptcy filing in November of last year. The rumored $425 million being
Binance CEO Changpeng Zhao shared his plans for the exchange in 2023 at a conference in St. Moritz, Switzerland. CZ said that he plans to increase the exchange’s employment by 15-30% this year. Additionally, he discussed the exchange’s expansion despite the year 2022’s severe bear market. According to his calculations,
On Wednesday, Robinhood said it will stop accepting Bitcoin SV (BSV) and delist the cryptocurrency later this month. According to the latest Robinhood announcement, as of January 25th, the exchange will no longer support Bitcoin SV trades, purchases, or transfers. After that time, any unsold BSV in customer accounts will
It has been reported that the South Korean National Tax Service (NTS) has launched a special tax inquiry against Bithumb Korea and Bithumb Holdings. To check on the cryptocurrency platform’s compliance with local taxes regulations. Both Kang Jong-hyeon (who is widely believed to be the exchange’s true owner) and his
Binance, the biggest cryptocurrency exchange in the world, is now officially recognized as a legal entity in Sweden by the Swedish Financial Supervisory Authority for the purpose of managing and trading virtual currencies. Furthermore, after Italy, France, Spain, Poland, Cyprus, and Lithuania, this is the seventh EU country where the
An email sent to investors on Tuesday revealed that Cathie Wood’s investment business, Ark Invest, had bought an additional 33,756 shares of Coinbase (COIN) on Tuesday. With a price of $43.23 per share approx, the total value of the acquisition is around $1.45 million. The money was invested in the
WazirX, India’s biggest cryptocurrency exchange, said on Wednesday that it had disclosed its proof-of-reserves (PoR) and had a reserves-to-liabilities ratio of more than 1:1. Among the $286.10 million in reserves reported by WazirX. The Shiba Inu (SHIB) token is the largest at about $54 million. WazirX, a cryptocurrency exchange, said
BlockFi, an online platform and mobile app that allows users to purchase, sell, and trade cryptocurrency, has filed for bankruptcy and is attempting to keep their personal information private in a court filing on Tuesday. They have also claimed that they are concerned about identity theft or being a target
Voyager Digital, a bankrupt crypto brokerage company, has obtained preliminary court permission for a proposed $1 billion sale of its assets to the U.S. wing of the Binance exchange. According to a report from Reuters, Michael Wiles, Judge of the United States Bankruptcy Court for the Southern District of New York,
