The attorneys for FTX have revealed that to find out whether Bankman-Fried's family got any money from the insolvent cryptocurrency exchange, they would have to interview them under oath.
The bankruptcy judge gave the plan preliminary approval but still needs creditors' and ultimate court approval.
A U.S. Trustee objected to FTX's plans to sell its units, among other enterprises, in Europe and Japan.
Key Takeaway: The US Wholesale Inflation surged to 10% in Feb 2022. Last month, wholesale inflation in the United States increased by 10% from a year ago, indicating that inflationary pressures remain high at all levels of the economy. The…
Key Takeaways: US Treasury is planning to launch a campaign to increase awareness related to cryptocurrency investing, especially for investors. The Financial Literacy Education Campaign is creating educational materials and outreach strategies. The market of digital assets is booming at…
Key Takeaways: -President Joe Biden will be signing an executive order centering on cryptocurrency by this week. -The President’s order will also be enforcing a 180-day deadline, will be “directing the Justice Department, Treasury and other agencies to study the…
