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assets

10 Results / Page 1 of 2

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News

Binance’s Zhao Flags Possible $1 Billion for Distressed Crypto Assets

Crypto billionaire Changpeng “CZ” Zhao further outlined his plans to backstop the stricken industry, pledging to amass at least $1 billion for buying distressed assets and saying his Binance Holdings Ltd. will make another bid for bankrupt lender Voyager Digital.In an interview Thursday with Bloomberg Television’s Haslinda Amin, Zhao provided the most detailed overview yet of the various deals Binance is examining in the wake of rival FTX’s messy collapse. […]

todayNovember 24, 2022

Featured

New York Attorney General Urges Congress to Prohibit Retirement Investments in Crypto Assets

Image source: PixabayNew York Attorney General Letitia James has urged lawmakers to ban the use of crypto assets as an investment option for retirement accounts.In a November 22 letter penned to members of Congress, James claimed that US lawmakers need to protect workers’ retirement funds from high-risk crypto assets, especially after the recent collapse of FTX that delivered billions in losses to retail users. James said,“On behalf of the People of the […]

todayNovember 24, 2022

News

FTX Assets Missing, Stolen; This Fund Sees Bitcoin At $1 Million

FTX's bankruptcy team is struggling to track down all of the cryptocurrency exchange's assets after it collapsed and filed for Chapter 11 on Nov. 11. In a bankruptcy court hearing Tuesday, a FTX lawyer said a substantial amount of assets are either missing or stolen, the Wall Street Journal reported. X The company's new management is trying to chase down and retrieve at least some of the billions of dollars […]

todayNovember 23, 2022

Business

FTX Assets Still Missing as Firm Begins Bankruptcy Process – The New York Times

FTX Assets Still Missing as Firm Begins Bankruptcy Process  The New York TimesFTX lawyer calls this case 'a different sort of animal' in first bankruptcy hearing  CNBCFTX heads to a Delaware courtroom as the biggest crypto bankruptcy case yet gets underway  CNBC TelevisionFTX lawyer says 'substantial amount' of assets are either stolen or missing  CNNView Full Coverage on Google News Source link

todayNovember 22, 2022

Featured

Peter Schiff predicted the 2008 financial crash — now he sees the total destruction of digital currencies very soon. Here are 3 assets he likes instead

‘This is crypto extinction’: Peter Schiff predicted the 2008 financial crash — now he sees the total destruction of digital currencies very soon. Here are 3 assets he likes insteadWith the massive pullback in cryptocurrency prices and the collapse of crypto exchange FTX, the term “crypto winter” is now making headlines.But Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, doesn’t believe that’s an accurate term to describe […]

todayNovember 19, 2022

Business

Crypto giant Binance drops bid to save rival, stoking chaos in digital assets

New York CNN Business  —  In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX, saying the company’s problems were “beyond our control or ability to help.” Binance, the world’s largest crypto exchange, said it reviewed FTX’s finances as part of the due diligence process, and it cited reports of “mishandled customer funds and alleged US agency investigations” in announcing the deal […]

todayNovember 10, 2022

News

Alleged Chinese spies charged with trying to recruit assets, obstruct US Huawei investigation

CNN  —  The Justice Department announced charges Monday against six Chinese citizens, including five alleged spies, accused of working on behalf of the Chinese government to recruit US citizens as sources and undermine the federal prosecution against a major Chinese company. According to charging documents, the Chinese telecommunications company was facing federal prosecution in Brooklyn, New York. Though the indictment does not name the company, a person familiar with the […]

todayOctober 24, 2022

Business

BlackRock assets fall below $8 tln, profit beats on strong ETF demand

Oct 13 (Reuters) - BlackRock Inc (BLK.N) posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations.The threat of a recession, surging interest rates and the Ukraine crisis have slammed both bonds and stocks this year, keeping investors on the back foot […]

todayOctober 13, 2022

Featured

Queen Elizabeth leaves behind assets worth $88bn of the monarchy

Queen Elizabeth II, who died on Thursday at Balmoral Castle in Scotland at age 96, leaves behind assets worth $88 billion of the British Monarchy as estimated in 2017. Where it now goes is the question. The British Monarchy was valued at roughly $88 billion in 2017, according to brand valuation consultancy firm Brand Finance. The Queen's personal wealth is closer to $500 million from investments, art, jewels and real […]

todaySeptember 10, 2022

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