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Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX. At the same time, the New York Bankruptcy Judge Sean Lane has also removed several claims made by FTX debtors against Genesis. Claim withdrawals As per the filed documents, the court
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A New York bankruptcy judge has approved a settlement between bankrupt cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to get $175 million from GGC.The United States Bankruptcy Court for the Southern District of New York gave the green light to the settlement agreement between FTX
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The updated vaccine specifically addresses the XBB.1.5 subvariant of the Omicron variant, which has raised concerns due to its potential to evade immunity conferred by earlier versions of the vaccine. In a recent development, stocks of Novavax Inc (NASDAQ: NVAX) jumped 8.2% yesterday following the Food and Drug Administration’s (FDA) approval
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Officially, the valuation as of the end of May is correct and Celsius will pay creditors $2 billion in Bitcoin and Ether tokens. A mathematician working for Celsius Network’s valuation advisor Stout Risius Ross LLC has confirmed that the fair value of some debtors’ assets and liabilities as of May 31,
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The Delaware bankruptcy court has approved the sale of FTX digital assets. Judge John Dorsey made the ruling at a hearing on Sept. 13. Major changes were made to the order authorizing the sale on the previous day.FTX will be allowed to sell digital assets excluding Bitcoin (BTC), Ether (ETH)
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Chinese authorities have accelerated efforts to support companies that are aiming to develop AI. China has given a big boost to artificial intelligence (AI) technology following its recent string of approvals. This follows after the Cyberspace Administration of China gave the nod of approval to at least three Chinese tech firms
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Binance has continued to make significant strides, cementing its role as a crucial player in the market. One of the recent moves involves the addition of 22 new loanable and collateral assets to its Flexible Loan and VIP Loan services, including the meme-inspired cryptocurrency, Shiba Inu. This marks an essential
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Crypto exchange Binance on Friday, August 4, said it is adding 22 new loanable assets and new collateral assets to its Flexible Loan and VIP Loan service.In its official statement, the crypto exchange disclosed several new collateral assets, among them Shiba Inu (SHIB), Compound (COMP) and Theta Network (THETA). This
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The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading.The NDAA is a bill that helps authorize how the country’s defense department can utilize federal funding.
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A noteworthy development has occurred in regulating the United States’ crypto space as a House Committee has approved a bill to bring clarity into the industry. On July 26, the U.S House Financial Services Committee approved the Financial Innovation and Technology Act for the 21st Century Act, popularly known as FIT21. #PASSED:
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