Large Creditors are Owed $3.1 Billion by the Crypto Exchange FTX
According to a court document, crypto exchange FTX owes its 50 biggest debtors over $3.1 billion (£2.6 billion). The beleaguered company, which declared bankruptcy in...
Author : Mridul Srivastava
KPMG, A Big 4 Firm, Will Now Focus on the Metaverse
Many significant institutions are becoming interested in the metaverse and are now investigating the future of this technology to provide services based on it. KPMG,...
Metaplex to Layoff Workers Amid FTX Collapse
After the failure of FTX, Solana NFT protocol company Metaplex’s co-founder and CEO, Stephen Hess, revealed that the company will be laying off a number...
Bitcoin, Dogecoin and Ether Rises, but Solana and Unsiwap Declines: Crypto Price Analysis
Today, cryptocurrency values climbed, with Bitcoin, the world’s largest and most popular crypto, trading about 2% higher at $16,947. According to CoinGecko, the global cryptocurrency...
Genesis Requests a $1 Billion Emergency Loan- WSJ
The Wall Street Journal reported Thursday, citing a private fundraising letter, that crypto lender Genesis was asking for an emergency loan of $1 billion from...
Bankruptcy Attorneys Allege the Former CEO of FTX of Undermining the Case
Sam Bankman-Fried’s “constant and disruptive tweeting” is hurting attempts to rebuild his failing company, according to US attorneys for the insolvent crypto platform FTX in...
Solana Drops more than 50% of its Value with the Bankruptcy of FTX
According to Laguna Labs CEO Stefan Rust, the Solana (SOL) ecosystem was struck harder than other major digital currencies like as Bitcoin and Ethereum, after...
Banks in the United States Begin Testing a Digital Dollar Blockchain Pilot
While the loss of FTX has rocked the crypto industry to its core, conventional financial institutions like Banks are venturing into the realm of digital...
Visa Breaks its Collaboration with FTX
Visa has ended its collaboration with the defunct cryptocurrency exchange FTX, the payments giant said on Sunday. The termination of the much-touted relationship, extended last...
Federal Prosecutors in Manhattan are Investigating the FTX Collapse
According to reports Federal prosecutors in Manhattan are looking into the shocking collapse of the crypto network FTX. The US Attorney’s Office for the Southern...