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

May 13, 2023 Bitcoin.com

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 […]

Jeremy Allaire Unveils Stablecoin Prediction, Says One Use-Case ‘Definitely The Killer App’

Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit

May 9, 2023 Bitcoin.com

bankruptcy protection

Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging from $500 million to $1 billion. Bittrex Bankruptcy Filing Reveals Over 100,000 Creditors […]

Jeremy Allaire Unveils Stablecoin Prediction, Says One Use-Case ‘Definitely The Killer App’

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

March 27, 2023 Bitcoin.com

Assets

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth […]

Jeremy Allaire Unveils Stablecoin Prediction, Says One Use-Case ‘Definitely The Killer App’

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

March 18, 2023 Bitcoin.com

FTX Debtors Reveal .8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

$6.8 Billion

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 […]

Jeremy Allaire Unveils Stablecoin Prediction, Says One Use-Case ‘Definitely The Killer App’

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

March 9, 2023 Bitcoin.com

accounting watchdog

According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog recently issued an […]

Jeremy Allaire Unveils Stablecoin Prediction, Says One Use-Case ‘Definitely The Killer App’

SEC Says Crypto Exchanges Need to Treat User Funds As Their Own Liabilities

April 4, 2022 The Daily Hodl

crypto

The U.S. Securities and Exchange Commission (SEC) says that moving forward, crypto exchange platforms must treat their users’ digital assets as their own liabilities. In a new bulletin, the SEC says that crypto trading platforms guarding digital assets face unique risks not seen in traditional financial services. “In connection with these services, these entities and/or […]

The post SEC Says Crypto Exchanges Need to Treat User Funds As Their Own Liabilities appeared first on The Daily Hodl.

liabilities

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