Tag: FTX

Bitcoin Price Clocks Above $19K for First Time Since FTX Fiasco Fueled by CPI Data

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Bitcoin whales significantly contributed to the recent rally above $19K. Bitcoin price gained over 3 percent on Thursday and briefly traded above $19K for the first time in eight weeks. Having broken above December highs of around $18,353, the mother coin exchanged about $18,836 during the early Asian trading market. The increased upward volatility on the Bitcoin and altcoin market coincided with the United States Consumer Price Index (CPI) data released on January 12. According to data from the Bureau of Labor Statistics December CPI data remained unchanged, which means…

FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge

Judge John Dorsey of the Delaware Bankruptcy Court, charged with overseeing the wind-up of the exchange, approved the measures in an order dated Thursday after a hearing held Wednesday. Sale notices will be published within around three business days, with indications of interest to be received between Jan. 18 for Embed and Feb. 1 for FTX Europe and Japan. Source

Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena – Exchanges Bitcoin News

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A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports Facility The FTX naming-rights agreement for the Miami Heat arena was terminated on Wednesday by a federal bankruptcy judge in Delaware. According to the order, the contract between Miami-Dade County and what was one of…

FTX Donations to Early Covid-19 Researchers Raise Questions of Propaganda Tied to Pandemic Prevention – Bitcoin News

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While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine. Controversy Surrounds Former CEO of FTX and Funding for Research to Discredit Covid-19 Treatments There are several reports claiming that Sam Bankman-Fried (SBF), the co-founder of the now-defunct crypto exchange FTX, helped fund causes related to pandemic prevention. During the first…

Bitcoin Pushes Near $19K For First Time Since FTX Collapse

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Speaking with CoinDesk, Swan Bitcoin Managing Director Steven Lubka said he expects inflation numbers to continue to soften in the first half of 2023, which should give the Fed room to somewhat soften its stance. Lubka, however, is concerned that CPI prints in the second half of the year may not be so benign, and the central bank could find itself in a difficult spot with a softening or even recessionary economy alongside rising inflation. Original

FTX Arena Naming Rights Deal Officially Terminated

Naming rights have been a popular initiative for crypto firms before the commencement of the crypto winter of 2022. FTX Arena is a thing of the past. As the crypto industry is slowly coming to terms with the massive fall of crypto exchange platform FTX, a judge from Florida declined FTX its naming rights to the home of the Miami Heat on Wednesday. The news follows a court verdict in the Bankruptcy Court of Delaware, where the lawyers argued that the funds from Alameda Research sponsored the deal with Miami-Dade…

BlockFi Executives’ Equity Took $800M Hit From FTX Loan, Filings Reveal

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