FTX Group Has Cash Balance of $1.24 Billion, New Bankruptcy Filing Shows
FTX Group, which filed for Chapter 11 bankruptcy protection on Nov. 11, has a combined cash balance of $1.24 billion, according to a new court filing.
Bitpanda's Local Unit Obtains German Crypto License
Austrian exchange Bitpanda has obtained a crypto license in Germany through its local unit, the company said Tuesday.
SBF, FTX Execs Reportedly Spend Millions on Properties in the Bahamas
The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19 properties in the Bahamas over the last two years.
Garlinghouse Says Bank of America Will Gain Competitive Advantage By Using Ripple ODL
Garlinghouse reiterates that Ripple is willing to settle with the SEC if the agency provides clarity for XRP that will help US institutions like Bank of America gain a competitive advantage by using Ripple ODL.
FTX Must Pay Expenses Incurred by Bahamas Regulator for Holding the Exchange's Digital Assets
FTX is responsible for all costs associated with the digital wallet that holds FTX Digital Markets' assets and is being kept under the supervision of The Securities Commission of The Bahamas's (the Commission), the country's Supreme Court ruled on Monday.
Warren Buffett's Berkshire Hathaway Warns About Crypto Exchange Website Using Its Name
The Warren Buffett-led Berkshire Hathaway has issued a statement warning that a cryptocurrency exchange website is using its name. The company stressed that the crypto firm has no affiliation with Berkshire Hathaway Inc. or its chairman and CEO, Warren E. Buffett.
President Joe Biden Makes a “Critical Call” for Crypto Regulation
After the shocking collapse of the FTX, President Joe Biden is leading a “critical” call for global game-changing Bitcoin and crypto rules.
WooCommerce Merchants Can Now Accept Payments in Bitcoin, DOGE Via Coinbase
Coinbase has partnered with WooCommerce, enabling merchants to accept payments in BTC, DOGE, and other cryptos.
Australian Banks Wary of Crypto Plans Due to the Market Crash
Many banks and financial organizations in Australia are unconcerned about the decline in the cryptocurrency sector.
Genesis Says It Has No Immediate Plans To Declare Bankruptcy, Seeks Consensual Resolution
Genesis, a digital asset financial services company, has denied that it is on the verge of declaring bankruptcy, just days after halting withdrawals in response to the collapse of crypto exchange FTX.
