Beleaguered crypto exchange FTX identified $5.5 billion in liquid assets in what CEO John Ray called a “Herculean effort” to assess the firm’s financial situation. FTX debtors have identified $1...
Tag: Assets
First Ever Digital Assets Subcommittee Commenced by Lawmakers in US
A subcommittee on “Digital Assets, Financial Technology, and Inclusion” has been established by the House Committee on Financial Services in the United States. The House Financial Services Committee’s...
McHenry Announces Subcommittee on Digital Assets
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Rep. French Hill Issues Statement on Digital Assets, FinTech and Inclusion
On January 12th, 2023, United States Representative (R) French Hill, issued the following statement after he was appointed Vice-Chairman of the full Committee and as Chair of the Subcommittee on Digit...
FTX Cleared to Sell LedgerX, Other Assets to Repay Creditors
A judge overseeing the FTX bankruptcy proceedings has given the crypto exchange permission to sell off some of its assets in order to repay creditors. The assets that will be sold include the CFTC-reg...
Tron Founder Justin Sun Looking To Spend $1,000,000,000 on Digital Currency Group’s Assets: Report
Justin Sun is reportedly eyeing the assets of Digital Currency Group (DCG), the parent company of embattled crypto broker Genesis and many other firms in the industry. According to Reuters, the founde...
NFT blogger hacked, losses assets after clicking a phishing advertisement link on Google
On Jan. 14, NFT GOD, an NFT blogger, lost his “entire digital livelihood” after clicking a phishing advertisement link on Google. Hackers also sent two emails laced with phishing links to his 16k subs...
SBF denies stealing FTX assets, SEC charges Gemini and Genesis, and more: Hodler’s Digest: Jan. 8-14
Top Stories This Week Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’ In a “pre-mortem overview” of FTX’s bankruptcy, Sam Bankman-Fried denied allegations of imp...
European Assets Are Now All the Rage as US Markets Sputter
(Bloomberg) — Most Read from Bloomberg After years of playing second fiddle to the US, European assets are now charging ahead and leaving Wall Street in the dust. Euro-area equity markets are up...
Trust Wallet supports 4.5 million assets
Trust Wallet is a non-custodial multi-crypto wallet application. This means it allows users to own and control the private keys of cryptocurrencies, so they have full access to their personal funds. ...
US Lawmakers Create ‘Congress’ First Ever’ Digital Assets Subcommittee – Regulation Bitcoin News
U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that...
Crypto Mogul Justin Sun Looking to buy Crypto Conglomerate DCG’s Assets
Crypto mogul and blockchain-based platform Tron’s founder Justin Sun, recently discussed plans to buy Digital Currency Group’s (DCG) assets worth $1 billion. DCG is the parent company of Crypto tradin...
European Agency arrests 15 people and seized 1Mn USD worth crypto assets
The European Union Agency for Law Enforcement Cooperation (Europol) made an announcement about striking on online scams involved in the illicit activities. Surprisingly, the network operating these sc...
DCG May Sell Assets to Help Genesis
According to the Financial Times, Digital Currency Group (DCG) might sell assets from its venture portfolio to raise funds to help one of its subsidiaries, Genesis, make up for a $3 Billion shortfall....
Justin Sun is prepared to spend up to $1 billion on Digital Currency Group’s assets
Embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG), is selling some of its assets. Chinese crypto entrepreneur and former Tron blockchain co-founder, Justin Sun, is pre...
UAE Introduces First Regulatory Regime For Virtual Assets
UAE introduces federal-level virtual asset regulations. The regulations will protect investors of the state from risks in UAE’s virtual asset market. The Cabinet exempted financial-free zones like ADG...
Coinbase assets now offered on GenTwo’s crypto securitization app
GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This ...
At This Size, Your Retirement Portfolio Is Too Big For Mutual Funds
getty You’ve learned why it’s important to avoid investment products once you enter your retirement. If you’re lucky, you can, and maybe you should, begin transitioning your investments to individual ...
Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets – Bitcoin News
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able ...
BNY Mellon CEO bullish on digital assets
BNY Mellon CEO Robin Vince sees the digital assets sector as the future of finance. His company is open to exploring the potential of bitcoin (BTC) and other cryptocurrencies. BNY Mellon positioning i...
Tron Founder Justin Sun willing to invest $1 Billion in DCG assets
Digital Currency Group (DCG), the parent company of Genesis, which is facing some financial difficulties, is selling off its investments. Chinese cryptocurrency mogul Justin Sun has pledged to invest ...
XRP Now Among Top 10 Most Traded Assets by 500 Biggest BSC Whales
– Advertisement – The asset is also the fourth most purchased token by the 100 largest BSC whales. XRP has now secured a position on the top 10 list of assets by trade volume among the 500...
Justin Sun to Spend $1B on DCG Assets
Tron founder Justin Sun is reportedly planning to spend as much as $1 billion to acquire assets of Genesis’ parent company, Digital Currency Group (DCG), Reuters reported. According to the report, the...
Tron Founder Justin Sun Ready To Invest $1 Billion On DCG Assets
Digital Currency Group (DCG), the parent firm of struggling cryptocurrency lender Genesis, is liquidating some of its holdings. Tron founder and Chinese crypto entrepreneur Justin Sun is prepared to i...
Justin Sun eyes up to $1 billion spend on DCG assets: Reuters
Tron founder Justin Sun is reportedly considering spending as much as $1 billion on assets of crypto conglomerate Digital Currency Group, which owns troubled crypto lender Genesis among several notabl...
El Salvador Approves Digital Assets Issuance Law – Regulation Bitcoin News
The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed t...
FTX allowed by bankruptcy judge to sell LedgerX, other assets
The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors. Accordin...
Justin Sun says he may spend $1 billion on DCG assets
Justin Sun could spend $1 billion of his funds to buy assets belonging to Digital Currency Group, according to a report from Reuters on Jan. 13. Sun told the media company that he could spend that amo...
Bed Bath & Beyond reportedly selling assets to private equity firm, retailer says no comment
Bed Bath & Beyond is selling off assets to private equity firm Sycamore Partners ahead of a possible bankruptcy filing, the New York Times reported on Friday. Alongside other key assets, the retai...