FTX Files for Dissolution of Four Independently Operated Subsidiaries
The collapsed cryptocurrency exchange FTX filed a fresh request in Delaware Bankruptcy Court to allow bidding proceedings for four of the firm’s independent solvent companies....
Category : Business
Starbucks Cites ‘Unprecedented Interest’ in the Launch of the Polygon NFT Rewards Platform.
Starbucks Odyssey, the coffee company’s new Web3 rewards platform based on the Ethereum sidechain network Polygon, is now available to the public. And the business...
Kraken Reduces Workforce by 30% to Survive Crypto Winter
Kraken, the second biggest cryptocurrency exchange in the United States, has stated that it would lay off almost 30% of its workforce, or 1,100 employees....
Sony Makes a New Move in the Metaverse With a Low-Cost Set of Wearables
Sony, a Japanese electronics titan, is making a new wager in the Metaverse market with its newest product. Sony has introduced a new line of...
BITFRONT Announces its Closure
On Monday, the cryptocurrency exchange BITFRONT announced its collapse. The Singapore-based cryptocurrency exchange warned consumers through a website notice. It underlined hurdles in the embryonic...
Bitcoin and Ethereum Daily Price Analysis
Due to recent investments, the value of the global cryptocurrency market has increased. Bitcoin, Ethereum, and others have all had positive outcomes from recent reforms....
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...
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,...
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...