Major cryptocurrency prices are trading with a modest positive bias on Wednesday. Bitcoin (BTC) was last a little higher in the last 24 hours in the $26,300s, as was Ether (ETH) which was last changing hands just above $1,600. The latest US inflation numbers, whilst a tad above expectations, showed a big drop in the…
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In a recent filing, bankrupt crypto exchange FTX modified its proposed guidelines for liquidating its substantial crypto holdings, addressing concerns raised by the U.S. trustee. In response to objections raised by the U.S. Trustee on their previous filings, FTX made significant revisions to their proposed creditor claims process…. Read More: FTX Revises Crypto Asset Sale…
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Disgraced former FTX CEO Sam Bankman-Fried has submitted a list of proposed jury questions to a Manhattan federal court as he prepares for his upcoming fraud trial. According to a Bloomberg report from Tuesday, some of the questions aim to gauge potential jurors’ attitudes towards crypto, political donations, and “effective altruism,” an approach to charitable…
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The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and said he is considering an offer for FTX’s holdings. FTX Wins Approval to Offload $3.4B in…
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Assets will be sold off weekly, with special handling for BTC, ETH and “insider-affiliated tokens.” The Delaware Bankruptcy Court has approved the sale of FTX digital assets. Judge John Dorsey made the ruling at a hearing on Sept. 13. Major changes were made to the draft order authorizing the sale on the previous day. FTX…
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Huobi’s new name HTX stands for exchange, the blockchain project Tron and the company’s 10th anniversary. Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX. Huobi officially announced its rebranding on Sept. 13, renaming the…
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In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made last-minute adjustments to its proposal concerning the sale of its Bitcoin and crypto holdings. This move is seen as an attempt to address concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which…
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Jeremy Lorenzo, aka “Poops,” has given more insights on the difficulties that former FTX CEO Sam Bankman-Fried is allegedly facing during his stay at Brooklyn Metropolitan Detention Center (MDC). Lorenzo shared that Bankman-Fried had computer code confiscated and that he might have been moved due to being “extorted and physically harmed daily.” Sam Bankman-Fried Allegedly…
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A potential liquidation of FTX holding tokens will have a significant impact on the market as the figure hits $1.3 billion in assets, experts opine. Justin Sun, the founder of Tron Network is contemplating making a bid for the assets held by FTX to reduce the impact a sale could have on the market as…
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Ten percent of shareholder claims have been settled so far. They will be able to assess the company’s condition at a Sept. 11–12 meeting. FTX has released the presentation materials for its shareholder meeting taking place Sept. 11–12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward…
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