A claims and notice agent such as Kroll is often appointed for bankrupt companies with more than 1,000 creditors.
Author: adewale
adewale
Adewale Opeyemi contributed to Blockchain Journal during 2022, covering cryptocurrency markets, blockchain technology, and industry developments. His reporting focused on explaining how emerging projects, protocols, and market trends evolved, with an emphasis on clarity, structure, and factual accuracy. Every day, I want to make a difference and leave a lasting beneficial impact on my community and the world at large. This I accomplish by assisting Blockchain brands and organizations in developing the best content for effective marketing that connects and converts prospects to customers.
Binance recently experienced a massive jump in Bitcoin inflows that brought to mind the bear market capitulation of 2018.
To allow UK users to top up their accounts through their mobile banking app, Coinbase and fintech upstart TrueLayer have partnered. The open-banking startup is looking to expand its stablecoin product line as part of a more significant push into digital assets.
On social media, critics have started talking about the Ethereum Foundation’s removal of a staking withdrawal schedule, just days after Ethereum turned deflationary for the first time since it switched to proof-of-stake (PoS).
Circle, a FinTech company that issues the fiat-backed stablecoins USD Coin (USDC) and Euro Coin (EUROC), said on Tuesday (15 November 2022) that Circle-enabled businesses who build with Circle can now accept Apple Pay.
The collapse of FTX has had a particularly negative impact on the Solana ecosystem. Investors appear to be fleeing the area after its native SOL asset entered its worst times.
Beginning on November 14, Sam Bankman-Fried, the founder and former CEO of the cryptocurrency exchange FTX before it went bankrupt, started a peculiar Twitter thread that attracted the interest and speculation of the cryptocurrency world.
As a result of being granted permission to submit amici filings, Ripple’s lawsuit against the SEC is gaining speed. Leading the charge and preparing to submit its brief this week is Coinbase.
In light of the enormous market uncertainty caused by the collapse of FTX, industry giants have recommended crypto investors and traders to self-custody their crypto holdings.
The Serum token liquidity hub, created by FTX, is being forked by Solana developers after an FTX breach possibly compromised it.