Advisers managing the bankruptcy of FTX are preparing to
distribute $5 billion to the company’s creditors. This will be the second
payout this year. The first round began in mid-February.In the February…
In brief
FTX creditors will receive more than $5 billion from the FTX bankruptcy estate, beginning May 30.
Creditors will receive between 54% and 120% of their claims in the second phase…
FTX Recovery Trust announced that they will begin distributions of more than $5 billion to approved creditors on May 30, 2025, as outlined in the Chapter 11 Plan of Reorganization.…
The cryptocurrency sector has seen an incredible rise in popularity and adoption over the last few years. The budding asset class has entered mainstream finance. Global financial institutions, such as…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureCoinbase, the largest US-based crypto exchange, is set to join the S&P 500 index on May 19, replacing…
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In brief
Shares of stock and crypto trading app eToro closed 29% higher at $67 following its Nasdaq debut.
Co-founder and CEO Yoni Assia views crypto as “a revolutionary technology.”
In the U.S.,…
Pharmaceutical company Sanofi intends to invest at least $20 billion in the United States through 2030, the company says in a Wednesday announcement. The company plans to grow its investments…
Key Points:Elliptic exposes Xinbi Co. Ltd’s links to an illegal Telegram market.Market facilitated $8.4 billion in transactions.Linked to Southeast Asian scams and North Korean hackers.
Xinbi Co. Ltd, registered in Colorado,…
In brief
Bitcoin ETFs launched last year in the United States following a decade of SEC rejections.
They have now collectively accumulated over $41 billion in net inflows to date.
Investors were cashing…