FTECH

FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

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NEW YORK, Jan 28 (Reuters) – Legal professionals for Sam Bankman-Fried on Saturday urged a U.S. choose to not ban the indicted FTX cryptocurrency govt from speaking with former colleagues as a part of his bail, saying prosecutors “sandbagged” the method to place their shopper within the “worst potential mild.” The attorneys have been responding … Read more

Cryptoverse: Bitcoin buyers take management

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Jan 24 (Reuters) – Paranoid? The domino downfall of FTX and different crypto custodians is sufficient to take advantage of trusting investor seize their bitcoin and shove it below the mattress. Certainly, holders large and small are taking “self-custody” of their funds, shifting them from crypto exchanges and buying and selling platforms to private digital … Read more

Feds seized almost $700 million from FTX founder Bankman-Fried

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Jan 20 (Reuters) – Federal prosecutors have seized almost $700 million in belongings from FTX founder Sam Bankman-Fried in January, largely within the type of Robinhood inventory, based on a Friday courtroom submitting. Bankman-Fried, who has been accused of stealing billions of {dollars} from FTX clients to pay money owed incurred by his crypto-focused hedge … Read more

Crypto lender Genesis getting ready to file for chapter, Bloomberg Information experiences

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Jan 18 (Reuters) – Cryptocurrency lender Genesis International Capital is planning to file for chapter as quickly as this week, Bloomberg Information reported on Wednesday, citing individuals with information of the state of affairs. A chapter submitting has been anticipated for weeks, after the corporate froze buyer redemptions on Nov. 16 following the downfall of … Read more

Cryptoverse: Bitcoin is again with a bonk

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Jan 17 (Reuters) – Bitcoin is on the cost in 2023, dragging the crypto market off the ground and electrifying bonk, a brand new meme coin. The No.1 cryptocurrency has clocked a 26% achieve in January, leaping 22% prior to now week alone, breaking again above the $20,000 stage and placing in heading in the … Read more

S&P 500 close to flat as traders weigh possibilities of much less aggressive fee hikes

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Tech shares achieve Macy’s, Lululemon drop on holiday-quarter warnings Indexes: Dow down 0.3%, S&P 500 down 0.1%, Nasdaq up 0.6% NEW YORK, Jan 9 (Reuters) – The S&P 500 index (.SPX) erased early positive factors to shut practically flat on Monday as expectations that the Federal Reserve will grow to be much less aggressive with … Read more

Ant-linked corporations’ shares rise after information of Jack Ma ceding management; Alibaba jumps

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Jan 9 (Reuters) – Shares of listed Chinese language corporations that rely Ant Group as a significant shareholder rose on Monday after bulletins that Ant founder Jack Ma is giving up management of the fintech big following an overhaul. Hong Kong-listed shares of Ma’s Alibaba (9988.HK) jumped 7%. Shares of Longshine Know-how Group Co Ltd … Read more

U.S. Trustee information objection to FTX’s deliberate asset gross sales

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Jan 7 (Reuters) – A U.S. Trustee filed an objection on Saturday to plans by bankrupt crypto alternate FTX to promote its digital forex futures and clearinghouse LedgerX, in addition to models in Japan and Europe, in line with a courtroom submitting. FTX filed for chapter safety in November and stated final month it deliberate … Read more

U.S. decide says Celsius Community owns most buyer crypto deposits

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Jan 4 (Reuters) – A U.S. chapter decide dominated on Wednesday that Celsius Community owns a lot of the cryptocurrency that prospects deposited into its on-line platform, that means most Celsius prospects can be final in line for reimbursement within the crypto lender’s chapter. The ruling by U.S. Chapter Choose Martin Glenn in New York … Read more

Unique: FTX’s former prime lawyer aided U.S. authorities in Bankman-Fried case

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Jan 5 (Reuters) – FTX’s former prime lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they examine the crypto agency’s collapse, a supply aware of the matter mentioned, including strain on founder Sam Bankman-Fried who was arrested on felony fraud prices final month. Friedberg gave particulars about FTX in a Nov. 22 assembly with … Read more