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The presentation also details $2.2 billion in cash, crypto, equity and real estate received by Bankman-Fried and other executives, including Nishad Singh, Zixiao “Gary” Wang and Caroline Ellison, in the months leading up to the bankruptcy. That may be significant because U.S. law allows such payments to be clawed back
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Evergrande has seen an impressive spike in shares even though both the HSI and the property sector in China are still struggling. Chinese property developer Evergrande saw its shares jump 82% on Wednesday, outperforming other publicly listed companies on the Hang Seng Index (HSI). Evergrande shares closed at HK$0.640 after climbing
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Li Lin, the founder of the Huobi crypto exchange, is believed to own a $128 million mansion in Hong Kong. Li Lin, founder of the Huobi crypto exchange, reportedly purchased a $128 million mansion in Hong Kong. This
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In a recent development, a judge of the Singapore High Court has declared that cryptocurrencies are personal properties. The court likened crypto to fiat money, and since fiat passes as personal property, crypto should pass as one, too, the court reasoned. Genesis Of The Case Judge Philip Jeyaretnam made this declaration in
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Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in a ruling on July 25. The Judge said he didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share
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An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried in Washington D.C.’s Capitol Hill neighborhood.According to an updated posting on Realtor.com, the D.C. property was listed as “contingent”, suggesting that the party handling the deal has
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Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value.A study published by CoinGecko shows that popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value during
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Digital assets such as cryptocurrencies and nonfungible tokens (NFTs) should be recognized as legitimate property, especially as more of the world’s population goes digital, argues the co-founder of The Sandbox.Speaking to Cryptox’s editor-in-chief, Kristina Lucrezia Cornèr, during Blockchain Week Rome last week, Sebastien Borget said thso-called “digital natives” — those
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In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong
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