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FTX’s first day in bankruptcy court: All you need to know

Attorneys and executives representing the collapsed cryptocurrency platform FTX appeared in court on Tuesday where they revealed a continued investigation into the company’s assets formerly controlled by its founder and former CEO Sam Bankman-Fried. They also pleaded to keep the names of the company’s customers shielded from public view. The two-hour hearing was a traditional […]

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Weekly Market News 21 November

Weekly Market News 21 November Crypto News FTX Says Top 50 Creditors Are Owed $3.1 Billion According to a recently filed court document, FTX owes its 50 largest creditors about $3.1 billion with claims ranging from tens of millions to hundreds of millions of dollars. The document also reveals that FTX has around 1 million […]

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Bitcoin Falls Below $17K, First Time in 23 Months

Bitcoin (BTC) dropped to a new 23-month low on Wednesday as crypto traders processed the news that the Binance exchange might demur on an earlier plan to buy its once-mighty but suddenly ailing rival FTX. The price of bitcoin hit $16,936 on crypto exchange Bitstamp on Wednesday, after Binance is leaning toward scrapping the deal […]

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Tech Giants Earnings: What you need to Know

US equity futures fell along with stocks in Europe after post-market slumps in megacap technology shares marred a three-day rally on Wall Street and raised new doubts over whether this year’s $5.5 trillion selloff is nearing a bottom. Contracts on the Nasdaq 100 tumbled 1.8% after disappointing quarterly updates from Microsoft Corp., Google parent Alphabet […]

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