Cryptocurrency Analysis and News Portal
Outside of the lending activities, Silvergate also has high flying crypto firms as corporate banking customers through its Silvergate Exchange Network (SEN) Leverage program, which issues U.S. dollar loans using bitcoin as collateral. Some of the companies in the SEN network include Coinbase (COIN), the now-defunct FTX, Paxos, Crypto.com, Gemini,
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Amid the growing concern in the shares of BBBY, the stock is down by as much as 23.23% after previously hitting an All-Time Low (ATL). An American chain of domestic merchandise retail stores Bed Bath & Beyond Inc (NASDAQ: BBBY) has finally given a more concerning insight into its distressed financial
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The DoJ believes SBF engaged in a year-long fraud business that cost investors and customers billions of dollars.The United States Department of Justice (DOJ) is, ostensibly, preparing to seize and liquidate Sam Bankman-Fried’s (SBF) 56 million Robinhood Markets Inc (NASDAQ: HOOD) shares valued at approximately $465 million. Notably, SBF purchased
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The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange.According to a Jan. 4 report from Reuters, U.S. officials told a judge they were
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Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes Source
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“As markets got tough last year, deals took longer to get done and SPACs started nearing the end of their lives,” said Alan Annex, co-chair of law firm Greenberg Traurig’s global corporate practice. “The requirement in the charter, designed to protect the shareholders’ money, says you can't extend the life
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MicroStrategy saw its shares plummet to their lowest level for more than two years after a recent BTC filing.Shares of MicroStrategy Inc (NASDAQ: MSTR) recently hit their lowest level since August 2020 following its first-ever Bitcoin sale. MicroStrategy’s stock dropped 1.1% to $136.63 Thursday and is at a 75% drawdown
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The highly disputed Robinhood shares claimed by both BlockFi and FTX might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner.Digital asset lender BlockFi recently sued former FTX CEO Sam Bankman-Fried to claim the shares that were supposedly pledged as collateral for
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With over 946 theatres and a better liquidity position, AMC anticipates performing better in 2023 than in 2022.AMC Entertainment Holdings Inc (NYSE: AMC) – the largest movie theatre chain in the world – has been sinking into its debt crisis. AMC shares closed Wednesday trading at $3.84, down 4.71 percent
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London-based Bitcoin miner Argo Blockchain PLC’s stock price spiked by more than 100% during U.K. trading hours on Wednesday and closed up 73.33% on the London Stock Exchange after the company announced it would sell its Texas-based Helios facility to Galaxy Digital Holdings Ltd, a financial services and investment management
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