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Day: November 6, 2023

  1. Home
  2. 2023
  3. November
  4. 06
  5. Page 2
Founder of Failed Crypto Exchange FTX Found Guilty on All Charges in Fraud Trial
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • North America

Founder of Failed Crypto Exchange FTX Found Guilty on All Charges in Fraud Trial

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 […]

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FTX Seeks Court Approval to Sell $744 Million Worth of Trust Assets, Including Grayscale and Bitwise Funds
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Exchanges
  • Investment Insights
  • World

FTX Seeks Court Approval to Sell $744 Million Worth of Trust Assets, Including Grayscale and Bitwise Funds

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. […]

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FTX Seeks Court Approval to Sell $744 Million Worth of Trust Assets in Bankruptcy Case
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Exchanges
  • Investment Insights
  • North America

FTX Seeks Court Approval to Sell $744 Million Worth of Trust Assets in Bankruptcy Case

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 […]

Read More
MaestroBots Swiftly Refunds Users After Smart Contract Exploit
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • North America

MaestroBots Swiftly Refunds Users After Smart Contract Exploit

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 […]

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MaestroBots Swiftly Refunds Users After Smart Contract Exploit
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • North America

MaestroBots Swiftly Refunds Users After Smart Contract Exploit

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 […]

Read More
Hong Kong Considers Allowing Retail Investors to Trade Spot Crypto ETFs
  • bob
  • 2023-11-06
  • Asia
  • Cryptocurrency Innovations
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Hong Kong Considers Allowing Retail Investors to Trade Spot Crypto ETFs

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 […]

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FTX Bankruptcy: Cryptocurrency Exchange Plans to Liquidate $744 Million in Assets from Grayscale and Bitwise
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Exchanges
  • North America

FTX Bankruptcy: Cryptocurrency Exchange Plans to Liquidate $744 Million in Assets from Grayscale and Bitwise

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 […]

Read More
FTX Requests Bankruptcy Court Approval to Sell $744 Million Worth of Trust Assets
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • North America

FTX Requests Bankruptcy Court Approval to Sell $744 Million Worth of Trust Assets

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, […]

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German Bank DZ Launches Blockchain-Based Digital Assets Custody Platform
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Innovations
  • Europe
  • Regulatory Developments

German Bank DZ Launches Blockchain-Based Digital Assets Custody Platform

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 […]

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Potential Rent Increases Expected as Reference Interest Rate Rises
  • bob
  • 2023-11-06
  • Europe
  • Government Policies and Cryptocurrency Adoption
  • Market Analysis and Predictions
  • Regulatory Developments

Potential Rent Increases Expected as Reference Interest Rate Rises

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 […]

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