Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,424,902,564,359.49
  • 24h Vol: $60,400,507,769.27
  • BTC Dominance: 56.55%

american express

ftx-debtors-reveal-$6.8-billion-hole-in-balance-sheet-amidst-financial-discrepancies-and-payments-to-insiders

FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

Leave a Comment / $6.8 Billion, accounting discrepancies, Alameda Research, Amazon Web Services, american express, AWS, Bankruptcy, Bitcoin, conglomerate, counterparties, Crypto Hacked, Cryptocurrency, debt, debts, Ethereum, Fairview Asset Management, financial discrepancies, ftx, insiders, Jimmy Buffett, liabilities, Margaritaville Beach Resort, Meta, News, Payments, political donations, quantitative trading, Quickbooks, Sam Bankman-Fried, Spotify, Stripe, third-party loans, Trulioo, Turner Network Television, unpaid invoices, Vendors / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8 […]

FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders Read More »

report-claims-visa-and-mastercard-plan-to-pause-new-partnerships,-visa’s-head-of-crypto-insists-‘story-is-inaccurate’

Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’

Leave a Comment / Abra, american express, bankruptcies, Bitcoin, Blockchain, Blockfi, Celsius, collapse, Crypto Hacked, crypto sector, Cryptocurrency, Cuy Sheffield, debit cards, efficient systems, Ethereum, Financial Services, ftx, head of crypto at Visa, high-profile collapses, Lending services, mainstream payments, MasterCard, News, pain points, partnership, partnerships, Payment processor, payment services, Reuters, reward points, Spokesperson, strategic priority, Technology, underlying technology, VISA, Wirex / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards and failed due to financial difficulties last year. After the report published,

Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’ Read More »