Bitcoin and Ethereum correct as Bitzlato take down, tech layoffs and economic worries dominate headlines

U.S. regulators’ announcement of enforcement action against Bitzlato, a softening stock market and a fresh wave of layoffs in big tech companies resulted in an abrupt correction in the crypto market. Go to Source Powered by WPeMatico

FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate

On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with the bankruptcy case’s committee of unsecured creditors to share … Read more