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Can Bitcoin Reach $210,000 in 2025? The Role of Corporations and Favorable Regulations
- Presto Research's latest report highlighted that analysts also predict that Solana could reach $1,000 in 2025 thanks to network growth and strong technology.
- The Bitcoin Strategic Reserve bill has enhanced the cryptocurrency’s potential as a geopolitical asset.
Tuesday, 17/12/2024 | 14:12 GMT by
Jared Kirui
FTX to Distribute Funds to Investors Through Kraken and BitGo, Process to Start in January
- Payments will reportedly be made in phases, with the first distribution expected within 60 days of the effective date.
- Eligible creditors must verify their identity and meet other requirements.
Monday, 16/12/2024 | 19:00 GMT by
Jared Kirui
Crypto Executive Avoids Prison, FTX Seeks $1.8 Billion in Binance Lawsuit
- Gary Wang adjusted FTX software, enabling Alameda Research to withdraw billions undetected.
- Recently, the FTX bankruptcy estate filed a lawsuit against Binance to recover $1.8 billion.
Wednesday, 20/11/2024 | 16:59 GMT by
Tareq Sikder
Coinbase’s cbBTC Launches on Solana DeFi, Targeting Bitcoin Gap Left by FTX
- $10 million in cbBTC is allocated for Solana, with early use on platforms like Meteora, Orca, and Kamino.
- cbBTC may position Solana as a DeFi alternative to Ethereum for BTC transactions.
Wednesday, 13/11/2024 | 12:29 GMT by
Tareq Sikder
FTX’s Nishad Singh Avoids Jail Time for Crypto Fraud: What Will Be Gary Wang's Fate?
- Singh pleaded guilty to six felony charges, which carried a potential maximum sentence of 75 years.
- The judge acknowledged his cooperation, describing it as “remarkable.”
Thursday, 31/10/2024 | 07:05 GMT by
Arnab Shome
FTX's Alameda Research Sues KuCoin to Recover $50 Million in Frozen Assets
- The lawsuit claims KuCoin holds funds belonging to FTX’s estate, intended for creditor repayments.
- Filed in Delaware, the lawsuit follows FTX's recent asset recovery from Bybit.
Tuesday, 29/10/2024 | 18:03 GMT by
Tareq Sikder
FTX Bankruptcy Plan Approved, Promising 119% Return to Creditors
- The plan involves distributing between $14.7 billion and $16.5 billion to creditors across more than 200 jurisdictions.
- It comes less than two years after the crypto exchange's high-profile collapse in November 2022.
Tuesday, 08/10/2024 | 05:51 GMT by
Damian Chmiel
FTX Auditor Prager Metis to Pay $1.95 Million for Negligence
- The SEC alleged that the auditor failed to comply with auditing standards and establish connections between FTX and Alameda Research.
- The auditor violated rules while auditing over 200 companies between 2017 and 2020.
Wednesday, 18/09/2024 | 03:56 GMT by
Arnab Shome
“Presumed Guilty by the Judge”: FTX Founder Sam Bankman-Fried Appeals $8B Fraud Conviction
- He was sentenced to 25 years in prison after being convicted of seven counts of fraud and conspiracy to commit fraud.
- The new defence lawyer accused the judge of being biased against Bankman-Fried in the previous jury trial.
Saturday, 14/09/2024 | 15:16 GMT by
Arnab Shome
FTX's Former Executive Drops Plea Deal Motion as Partner Faces Probe
- Ryan Salame's original motion claimed that prosecutors had coerced him into pleading guilty by suggesting they would drop their investigation into Bond.
- Despite Salame withdrawing his petition, Judge Lewis Kaplan has scheduled a hearing.
Friday, 30/08/2024 | 17:05 GMT by
Jared Kirui
FTX, Alameda Research to Cough Up $12.7 Billion—What Now for Crypto?
- FTX and Alameda Research are ordered to pay $12.7 billion to creditors.
- The case has been a PR nightmare for the crypto industry.
- Could this be the beginning of accountability across the industry?
Friday, 09/08/2024 | 07:56 GMT by
Louis Parks
FTX's Former Executives Who Testified Against Sam Bankman-Fried Scheduled for Sentencing
- Nishad Singh's hearing will be on October 30, while Gary Wang's will be on November 20.
- Both Singh and Wang pleaded guilty to fraud charges in a Manhattan federal court.
Tuesday, 09/07/2024 | 17:03 GMT by
Jared Kirui
FTX Customers Dispute Proposed Liquidation Plan in Bankruptcy Court
- Some FTX customers argue they're entitled to higher repayments based on current crypto prices.
- Objecting creditors contend FTX's claim of a "full recovery" with interest is misleading.
Tuesday, 25/06/2024 | 10:42 GMT by
Tareq Sikder
FTX Settles $24 Billion Tax Dispute with Internal Revenue Service
- The settlement includes FTX paying $200 million within 60 days of court approval and $685 million after compensating other creditors and customers.
- Initially, the IRS claimed $44 billion, but it was amended to $24 billion.
Tuesday, 04/06/2024 | 19:37 GMT by
Jared Kirui
FTX's Former Executive Ryan Salame Sentenced to over 7 Years for Fraud and Conspiracy
- Salame is one of the four FTX's former managers who pleaded guilty but did not testify against Sam Bankman-Fried.
- He acted as a "straw donor," reportedly channeling over $100 million into US political campaigns before the 2022 midterm elections.
Tuesday, 28/05/2024 | 20:30 GMT by
Jared Kirui
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