Sam Bankman-Fried, the founder of FTX, a crypto exchange that collapsed last year, has been found guilty on all counts in his fraud trial. A federal jury convicted Bankman-Fried on seven criminal charges, including wire fraud, securities fraud, conspiracy, and money laundering. Prosecutors accused him of stealing billions in customer funds from FTX to cover […]
FTX, a bankrupt crypto exchange, has requested the U.S. bankruptcy court of Delaware to approve the sale of trust assets worth approximately $744 million. These assets include funds from Grayscale and Bitwise. The sale is intended to facilitate dollarized distributions to creditors and enable the exchange to quickly sell the assets at the right time. […]
Bankrupt crypto exchange FTX and its debtors have requested the U.S. bankruptcy court of Delaware to approve the sale of trust assets worth approximately $744 million. The assets include funds from Grayscale and Bitwise. The sale is intended to facilitate forthcoming distributions to creditors and enable the debtors to quickly sell the assets at the […]
MaestroBots, a popular cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users who were affected by a recent smart contract exploit. The incident occurred on October 24, targeting a total of 280 ETH. The Maestro team immediately responded by refunding the impacted users and allocated 610 ETH from their […]
MaestroBots, a prominent cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users affected by a recent smart contract exploit. The incident occurred on October 24, targeting a total of 280 ETH. The Maestro team immediately responded by refunding the impacted users and announced their commitment to user security and […]
Hong Kong is considering allowing retail investors to trade spot crypto exchange-traded funds (ETFs), according to Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC). This move signifies a potential change in the commission’s previous restriction on spot-crypto ETFs for retail investors. Hong Kong has been actively positioning itself as a crypto-friendly […]
FTX, a bankrupt cryptocurrency exchange, has announced plans to sell $744 million worth of its Trust assets held at Grayscale and Bitwise. The assets include various exchange-traded products managed by Grayscale, such as Bitcoin and Ethereum Trusts, as well as Bitwise’s 10 Crypto index fund. FTX stated that the sales are necessary to mitigate potential […]
FTX, a bankrupt crypto exchange, has filed a request with the bankruptcy court in Delaware to sell key trust funds worth $744 million. These funds include assets from Grayscale, a crypto asset manager, and Bitwise, a custody service provider. The purpose of the sale is to prepare for forthcoming distributions to creditors. The trust assets, […]
DZ Bank AG, one of Germany’s largest banks, has launched its own digital assets custody platform using blockchain technology. The platform will cater to institutional clients, offering them crypto securities such as the crypto bond from Siemens. DZ Bank believes that distributed ledger technology (DLT) will play a significant role in the capital market business […]
The mortgage reference interest rate in Switzerland has recently increased from 1.25% to 1.5%. This could potentially result in higher rental prices for tenants. Landlords now have the right to increase rents for existing rental agreements that were based on the previous reference rate. It is expected that a majority of landlords will take advantage […]
