Bankrupt cryptocurrency exchange FTX used its own token, FTT, to fund the purchase of a majority stake in trading platform Blockfolio in 2020, Bloomberg reported Thursday. Source
FTX's Blockfolio Stake Was Paid for Mostly in FTT: Bloomberg
Tag: Bloomberg
Bitcoin Poised To Outperform: Bloomberg Analyst
After the Bank of Japan (BOJ) announced a surprising turnaround in its monetary policy today, the Bitcoin price managed to rise near the important resistance level of $16,900. The BOJ announced that it will drastically widen its yield curve control band to 0.50%. At the same time, it announced that it will significantly increase the number of government bonds it will buy each month. According to Bloomberg senior commodities analyst Mike McGlone, this trend could continue. McGlone shared his insights via Twitter and said that a “warm spell” is ahead…
Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times Ahead: Bloomberg
“While we expect the next several months to be bumpy, we will get past this challenging period,” CZ said while assuring the organization is built to last. Source
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed – Bitcoin News
Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed. The media companies believe the public should be made aware of the creditors’ information, as the publications stressed in the court filing that the “news media acts as the eyes and ears of the public.” So-Called ‘Media Intervenors’ Insist the Court Should Unseal FTX’s Creditor Information Four major news media publications have…
Crypto Lender Celsius’ Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
According to the filing, Celsius has about 58,300 users who collectively deposited over $210 million with its custody and withhold, with 15,680 customers holding “Pure Custody Assets” worth around $44 million. The Bankruptcy Court for the Southern District of New York, which is overseeing the case, scheduled a hearing for Oct. 6 to discuss the matter. Source
Crypto Lender Celsius’ Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
CryptoX – Cryptocurrency Analysis and News Portal According to the filing, Celsius has about 58,300 users who collectively deposited over $210 million with its custody and withhold, with 15,680 customers holding “Pure Custody Assets” worth around $44 million. The Bankruptcy Court for the Southern District of New York, which is overseeing the case, scheduled a hearing for Oct. 6 to discuss the matter. Original Source The post Crypto Lender Celsius’ Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg appeared first on CryptoX. CryptoX Portal
Crypto Infrastructure Firm Blockstream Seeks to Raise Funds at 70% Lower Valuation: Bloomberg
The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021. Source
Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg
tktk Source
LedgerX to Make $175M Available for FTX Bankruptcy Proceedings: Bloomberg
FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company’s bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter. Source
Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg
The Binance fund will be open to contributions from other industry players. Source