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Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar  

Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar  EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28 million, had left its creditors in a state of uncertainty. In the latest notice […]

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator

Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX LiquidatorOn Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude” of the events surrounding FTX, the Bahamas regulator recognized that it had to “move […]

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities

Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated LiabilitiesThe company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. Accounting Firm Recognizes Two Ongoing Legal Cases According to the statement, Tether […]

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens