Search Results for: bankruptcy

Cryptocurrency Markets News

How Legacy Suite Can Protect Users From Another FTX-Like Disaster

Fintech News Desk
by Fintech News Desk0
The collapse of the cryptocurrency exchange FTX has spurred countless discussions on how to best manage and protect one’s digital assets. The misappropriation of billions in customer deposits will force regulatory bodies to act, and online discussions about the importance of digital asset management are increasing. Legacy Suite, an industry leader......
Blockchain Digital Payments News

Voyager Announces Agreement For Binance.US To Acquire Its Assets

Fintech News Desk
by Fintech News Desk0
 Voyager Digital Ltd.  announced that its operating company Voyager Digital LLC selected U.S. exchange BAM Trading Services Inc. (doing business as “Binance.US”) as the highest and best bid for its assets after a review of strategic options with the core objective of maximizing the value returned to customers and other......
Toronto-based Beaver Bitcoin Launches Weekly Bitcoin Buys For Canadians
Blockchain News

Toronto-based Beaver Bitcoin Launches Weekly Bitcoin Buys For Canadians

Fintech News Desk
by Fintech News Desk0
Eliminates risks associated with custodial exchanges by delivering bitcoin directly to customers Marking its official launch , Beaver Bitcoin is a non-custodial exchange that allows Canadians to set up an automatic weekly bitcoin purchase, directly from their bank account. From now until the end of the year customers can try......
Bitget Shares Merkle Tree Proof of Reserves to Enhance Transparency
Cryptocurrency News

Bitget Shares Merkle Tree Proof of Reserves to Enhance Transparency

Fintech News Desk
by Fintech News Desk0
Users’ assets safeguarded with at least a 1:1 reserve ratio Leading global cryptocurrency exchange, Bitget, announces that it is launching its Proof of Reserves Page, which will demonstrate to users that we are a full-reserve exchange, as supported by its Proof of Reserves (“PoR”), using the cryptographic-audited Merkle tree method,......
B2B News Technology

Patterson Belknap Launches FTX Task Force To Advise On Issues Stemming From Collapse Of Crypto Exchange

Fintech News Desk
by Fintech News Desk0
Patterson Belknap Webb & Tyler LLP announced the launch of an interdisciplinary FTX Task Force to assist market participants in navigating the fallout from the recent collapse of the FTX Crypto Exchange and its affiliates. The group is led by a cross-disciplinary team of attorneys from Patterson Belknap’s Business Reorganization and Creditors’......
BankLine Expands Partnerships in Wake of FTX
Banking News

BankLine Expands Partnerships in Wake of FTX

Fintech News Desk
by Fintech News Desk0
New Partner Banks Provide Crypto Businesses With Banking Stability In light of the recent bankruptcy of FTX and their affiliated companies, which may have repercussions for banks with similar liquidity exposure, BankLine ensures its clients maintain stable banking by increasing its portfolio of crypto-friendly partner financial institutions. BankLine recently added......
FTX Resumes Ordinary Course Payments of Employees and Certain Foreign Contractors
Finance News Trading

FTX Resumes Ordinary Course Payments of Employees and Certain Foreign Contractors

Fintech News Desk
by Fintech News Desk0
FTX Trading Ltd. (d.b.a. FTX.com), and approximately 101 additional affiliated companies (together, the “FTX Debtors”), announced that most FTX subsidiaries around the world are resuming ordinary course payment of salary and benefits to employees worldwide and ordinary course payments to certain non-U.S. contractors and service providers. John J. Ray III......
HashCash Offers White-Label Crypto Payment Processor to a Brazilian FinTech Firm
Blockchain News

HashCash CEO Raj Chowdhury Highlights the Need to Support Strong Crypto Projects Facing Liquidity Crisis

Fintech News Desk
by Fintech News Desk0
The HashCash Chief emphasizes the need to support strong crypto projects suffering from a liquidity crisis across the crypto ecosystem Last week’s FTX collapse caused a massive earthquake in the crypto industry and shook the trillion-dollar industry to its core. The world’s third-largest crypto exchange filed for bankruptcy last week,......
Best Cryptocurrency Apps
Cryptocurrency Featured Fintech Primers

Best Apps for Crypto In 2023

Pooja Choudhary
by Pooja Choudhary0
Worldwide Crypto Trading The rise of the popularity for cryptocurrencies is the most discussed topic of the decade.Today billions of investors are a part of it but still globally its magical wand is working and more people want to get attached to it. Many brokerage firms are now allowing the......
First Citizens Bank Completes Operational Conversion of CIT Bank Division Branches
Banking News

First Citizens Bank Completes Operational Conversion of CIT Bank Division Branches

Fintech News Desk
by Fintech News Desk0
First Citizens Bank announced that its CIT Bank division has completed conversion of its branches to First Citizens’ operations and systems. This conversion integrates CIT Bank branch customer accounts into First Citizens products and services. “This is our second large bank branch conversion this year related to the CIT merger,......
1