FTX Group's solvent unit LedgerX is set to allocate $175 million for use in the group's bankruptcy proceedings, Bloomberg reported.
Yogita_Khatri5 Where does he get the money from?
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Top Democrat seeks financial data from Binance, Coinbase, other crypto firmsSen. Ron Wyden (D-Ore.), chairman of the Senate Finance Committee, pressed Binance and other major cryptocurrency exchanges to explain how they would protect their customers in the event of a financial calamity. Help me out. Why do we care about customers of a worldwide currency that’s main selling point is that it’s not regulated or protected by the US government? They can’t read blockchain. Where’s their money? Soooo you're telling me there's a financial calamity coming...
Source: washingtonpost - 🏆 95. / 72 Read more »
Top Democrat demands financial data from Binance, other crypto firmsA top Senate Democrat on Tuesday pressed Binance and other major cryptocurrency exchanges to explain how they would protect their customers in the event of a financial calamity, as Washington braces for further fallout from the collapse of FTX. Ah yes, hearings and grandstanding after all the FTX donations to Dems have already been spent on the election. Crypto is an artifact produced by block chain tech. There is no real utility, value or growth (except if bigger fools opt into the Ponzi scheme). The scheme has reached its zenith and will deflate from here. Democrats just need to go to the DNC for FTX’s financials and include searching for Ukraine’s use pf the $billions they sent to that country.
Source: washingtonpost - 🏆 95. / 72 Read more »