Nexo saw $46 million leave its addresses following a reported Bulgarian police raid on its offices over accusations of being “a large-scale scheme for financial crimes, money laundering and violations...
Tag: Assets
Bankruptcy Court Allows FTX To Sell Key Subsidiaries and Assets
10 hours ago | 2 mins read Exchange News Judge John Dorsey has authorized the sale of four key subsidiaries of FTX. This week, 117 potential buyers showed interest in acquiring the FTX assets. The ban...
Ignoring digital assets would be like sticking with paper over computers, BNY Mellon CEO says
BNY Mellon is committed to continue exploring the digital asset space, albeit cautiously. CEO Robin Vince said on an earnings call today that digital assets are the bank’s “longest-t...
Bitcoin Soars to $19K, Ethereum Liquid Staking Coins Surge, FTX Locates $5B Worth of Assets: Weekly Recap
The past seven days saw the cryptocurrency market explode in terms of price action, and the total market capitalization is currently sitting at around $950 billion, up over $100 billion during this pe...
UAE’s new virtual assets law puts it on global investor’s radar
The UAE is poised to emerge as the first choice for global companies in the digital asset industry for their global expansion, following the Gulf country approving a new regulation to govern virtual a...
DCG considers selling assets to pay $3b Genesis debt
Digital Currency Group (DCG), the conglomerate that owns crypto broker Genesis, is reportedly considering selling assets from its portfolio to pay Genesis’ $3 billion debt. DCG explores selling VC as...
DCG plans to sell assets to help Genesis
The Financial Times reported on Thursday that Digital Currency Group might be selling off some of its venture portfolio assets to generate enough funds for Genesis, their wholly-owned subsidiary, to c...
Sam Bankman-Fried Pledges Personal Assets To FTX Customers: Pre-Mortem Report
– Advertisement – Summary: The FTX founder published a pre-mortem report claiming Alameda Research was the victim of a coordinated attack. Sam Bankman-Fried said he believes FTX US is solv...
DCG Looking to Sell Off Some Assets as Genesis Owes Creditors Over $3B: Report
Digital Currency Group (DCG), the parent company of wholly-owned subsidiary, crypto brokerage firm Genesis, is reportedly looking to offload some of its venture capital portfolios to raise funds to co...
Digital Currency Group May Offload Assets to Pay $3 Billion Debt
As the crypto market continues to evolve and mature, one of the industry’s major players, Digital Currency Group (DCG), is facing a significant financial crisis. According to sources familiar with the...
SFC Restricts Retail Investors to Highly Liquid Digital Assets
Julia Leung Fing-yee announced that the SFC has decided to restrict retail investors to highly liquid digital assets. She was reluctant to give specifications on the digital assets but stressed that t...
With Genesis Over $3,000,000,000 in Debt, Digital Currency Group Weighs Selling Venture Portfolio Assets: Report
A new report claims that the parent company of crypto broker Genesis is considering selling venture capital assets to pay back creditors. With Genesis more than $3 billion in debt, the Financial Times...
Hong Kong to Limit Retail Investors’ Crypto Trading Assets
The crypto market, as most people know, can bring quick profits, but also cause steep losses in a short time. Entities and companies trying to adopt this technology know this and because of that, they...
FTX Recovered $5 B Plus in Assets: Bankruptcy Attorney
Interestingly FTX manages to recover more than $5 billion in assets. This recovery does not include $425 million under the custody of the Securities Commission of the Bahamas. The final amount FTX ow...
Hong Kong to only allow investing in highly liquid virtual assets
Hong Kong’s Securities and Futures Commission (SFC) Chair Julia Leung said the commission will allow retail investors to trade only highly liquid crypto assets, South China Morning Post reported. Earl...
Analyst Urges Traders To “Buy The Dip” For THESE Assets
The cryptocurrency market has remained exceptionally bullish since January 2023, and especially in the past week. The flagship cryptocurrency, Bitcoin, has successfully reached $18,000 levels after re...
FTX reportedly recovers $5b in cash and digital assets
Crippled exchange FTX has reportedly recovered $5 billion from liquidation processes after the exchange filed for Chapter 11 Bankruptcy. The exchange reportedly had a net liability of more than $8 bil...
Binance US Receives Initial Approval to Acquire Voyager Digital’s Assets: Report
Binance US’ plan to acquire some of Voyager Digital’s assets for $1.02 billion is one step closer as the bankrupt crypto lender received initial court approval for its proposal. The United States Dist...
JPMorgan CEO Jamie Dimon Reiterates Bearish Stance on Bitcoin and Other Virtual Assets
Although Jamie Dimon remains a Bitcoin critic, JPMorgan continued to make waves in the blockchain industry. While there are many Bitcoin believers confident in the existence of the cryptocurrency, the...
FTX Locates $5 Billion in Assets, Attorney Says: Report
In a hearing from today, a bankruptcy attorney said that FTX has managed to locate over $5 billion of assets. Per a CoinDesk report, the attorney said that they’ve managed to locate over $5 billion of...
WazirX publishes proof of reserves of assets worth $285M
Indian-based crypto exchange WazirX has published its Proof-of-Reserves (PoR) report, which shows it holds about $285 million worth of crypto assets. In the wake of the FTX collapse, several crypto ex...
FTX attorney announces $5B in assets recovered
FTX recovered over $5 billion comprised of cash, investment securities and liquid cryptocurrencies, according to Reuters. “We have located over $5 billion of cash, liquid cryptocurrency and liqu...
FTX Lawyers Claim $5 Billion Recovered In “Liquid” Assets
On Wednesday, a counsel for the bankrupt crypto trading venue FTX, founded by Sam Bankman-Fried, stated that the company recovered more than $5 billion. However, the magnitude of consumer losses in it...
Morgan Creek CEO Mark Yusko Predicts Bitcoin Outruns Gold in 2023, Says Risk Assets Repeating Early 2000s
Morgan Creek Capital CEO Mark Yusko is predicting that Bitcoin (BTC) and other risk assets are going to bounce back just like the tech sector after the dot com crash of the early 2000s. In a new inter...
Market Share Increases by 3% Among Global Crypto Assets – Market Updates Bitcoin News
Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketc...
Sam Bankman-Fried’s Lawyers Say $5,000,000,000 in Assets Now Recovered From Collapsed Crypto Exchange: Report
Sam Bankman-Fried’s attorneys are revealing that billions of dollars worth of liquid assets has been recovered from bankrupt crypto exchange FTX. According to a new report by CNBC, lawyers representin...
BlackRock: Assets That Fell with BTC Won’t Recover This Year
Bitcoin, Ethereum, and other digital currencies hit rock bottom in 2022. Many of them crashed and experienced dips of 70 percent or more. Now, BlackRock – a famed investing firm – has stated that many...
New FTX Management Has Located Over $5B in Liquid Assets
Key Takeaways The new FTX management has located over $5 billion in liquid assets. These include cash, liquid cryptocurrencies, and liquid investment securities. The sum does not include the $425 mill...
FTX has recovered $5 billion worth of ‘liquid’ assets, lawyers say
John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images FT...
Voyager-Binance Deal To help Customers Recover 51% of Pre-Bankruptcy Assets
The Federal court has approved a proposed deal for cryptocurrency lender, Voyager Digital, to sell its assets to leading cryptocurrency exchange, Binance, for $1 billion, following the approval vote o...
Customers To Recover 51% Of Pre-Bankruptcy Crypto Assets
Beleaguered crypto lender Voyager Digital received initial court approval to sell its assets to crypto exchange Binance.US for $1.02 billion. If the sale is approved by creditors, customers will recov...
BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11
In a recent announcement, the cryptocurrency lending company BlockFi stated that it will provide information regarding its assets and liabilities, in addition to the payments that it received prior to...