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The market for FTX creditor claims has been heating up, with some claims now reportedly selling for more than 50 cents on the dollar, according to Thomas Braziel, partner at 117 Partners — a firm specializing in crypto bankruptcy claims. Braziel told Cryptox that a claim worth more than $20 million
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This article has been deleted after the original source (Ellipsis) has removed the information the news piece was based on. Source
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The tech giant also announced that the latest version of ERNIE has been integrated into its suite of services. Chinese technology company Baidu has unveiled the latest version of its generative artificial intelligence (AI) model ERNIE 4.0. The company claims that ERNIE 4.0’s capabilities now match those of OpenAI’s GTP-4 model. The
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Crypto markets have faced a turbulent last year, with major cryptocurrencies like Bitcoin and Ethereum dropping significantly from their all-time highs. However, according to YouTube crypto analyst Jason Pizzino, there are signs the markets may be bottoming out and are positioning for a potential recovery in 2023-2024. In his latest video
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According to former Alameda Research CEO Caroline Ellison, a single tweet from Binance CEO Changpeng Zhao (CZ) contributed to the failure of cryptocurrency exchange FTX.Testifying in Sam “SBF” Bankman-Fried’s criminal trial on Oct. 12, Ellison reportedly placed part of the blame for the collapse of FTX on CZ’s social media
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“Ehrlich and Voyager lied to Voyager customers,” said Ian McGinley, the CFTC’s enforcement director, in a statement about the suit, which calls for restitution, penalties and industry bans for the former executive. “While representing they would treat customers’ digital asset commodities safely and responsibly, behind the scenes, they took shockingly
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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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Market participants have been particularly attentive to any signals that the Federal Reserve may continue to raise interest rates. A recent report from the Labor Department has revealed that initial filings for jobless claims or unemployment benefits for the week ended September 30th reached a seasonally adjusted 207,000. While this statistic
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Most of these were losing bets from the start with Alameda losing millions of dollars in its first months. It lost over $500,000 every day throughout one such month, Lewis wrote, while some trading funds had “simply vanished” due to poor fund management. Original Source
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The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities. Original Source
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