FTX Modifies Liquidation Guidelines After U.S. Trustee’s Concerns
FTX has adjusted its crypto liquidation plan to remove the need for advanced public notice due to market concerns. Key Points In response to objections raised by the U.S. Trustee, bankrupt crypto exchange FTX has revised its proposed guidelines for liquidating its substantial crypto holdings. The changes were made ahead of the review of the initial plan, which involves the …
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Suspected Bot-Driven Price Surge on FTX for Alameda Coins
Tokens tied to Alameda Research experience price surges after being listed on FTX, fueled by alleged inauthentic Twitter activity. Key Points Several digital tokens that were associated with Sam Bankman-Fried’s trading firm, Alameda Research, experienced a significant price increase after being listed on the now-bankrupt cryptocurrency exchange FTX. This information comes from a report released by the Network Contagion Research …
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CFTC Greenlights Revolutionary Margined Crypto Futures Trading with Cboe Clear Digital
Cboe Global Markets has been granted permission by the Commodity Futures Trading Commission (CFTC) for its digital subsidiary, Cboe Clear Digital, LLC, for digital assets with margins. This approval allows Cboe Clear to provide clearing services for margin digital asset futures to futures commission merchants. Obtaining this approval is a significant achievement for Cboe Global Markets, as it has been …
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FTX Agrees to Sell its Derivatives Platform LedgerX for $50M
Bankrupt crypto exchange FTX on Tuesday agreed to sell its crypto derivative platform LedgerX to an affiliate of Miami International Holdings INC at a whopping cost of $50M. John Ray, CEO of FTX said that this is their effort to maximize the recovery of their stakeholders by monetising their assets. Hearing on 4th of May The hearing for this matter …
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