Ray told the court that when he took over, the exchange's coffers were nearly empty - just 105 Bitcoins were left on the platform, out of the nearly 100,000 Bitcoins to which customers were entitled.
JinseFinanceFTX wins court approval for Anthropic stake sale, advancing customer reimbursement efforts.
Xu LinExplore the strategic disposal of GBTC shares by FTX Estate and its market implications in our comprehensive analysis. Uncover insights on the GBTC to ETF transition, legal dynamics, and the significant market reactions shaping the future of cryptocurrency investments.
WeiliangBitfinity's £7 million investment for its Bitcoin sidechain on ICP signals a transformative step in web3 infrastructure. With the introduction of the Bitfinity EVM and innovative Chain-Key technology, Bitfinity aims to revolutionize Bitcoin's efficiency and accessibility, expanding its role in the decentralized finance landscape. As the platform evolves, integrating Taproot assets and creating on-chain indexers, Bitfinity emerges as a key player shaping the future of digital finance. However, challenges lie ahead as the industry navigates complexities associated with security and scalability.
Cheng YuanIn a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.
Cheng YuanDFINITY Foundation and SingularityNET collaborate to advance decentralised AI infrastructure on the Internet Computer (ICP) blockchain. The partnership aims to bring the benefits of decentralised AI services to the developer community and humanity at large.
AaronReport Provides High-Level Overview of Control Failures by Previous Management Team Across Critical Functions
OthersThis article summarizes the FTX drama that broke out in the crypto market.
CointelegraphBitcoin is trending toward a retest of its lower support and if this happens, UNI, ICP, AAVE and QNT could breakout to the upside.
CointelegraphAMC Entertainment and renowned NFT artist Damien Hirst airdropped NFTs to fans and collectors.
Cointelegraph