Bill Ackman’s conviction on crypto comes as much of the community attempts to regain confidence in the industry following the FTX fallout. Billionaire investor and hedge fund manager Bill Ackman says he remains bullish about cryptocurrencies, despite the recent collapse of the FTX cryptocurrency exchange and the market turmoil that’s followed it. In a Nov....Continue Reading

Since leaving The Walt Disney Company, Bob Iger has been acting as an advisor and board member for the digital avatar platform Genies. Metaverse-backer Bob Iger has announced a surprise return to his former role as CEO of Disney, taking over from now-former CEO Bob Chapek. While Iger is most well known for serving 15...Continue Reading

In early November the Chinese government made an ambitious plan to boost the nation’s VR industry, now it seems local tech companies are using the World Cup to test-run their products. Chinese firms bet on ‘Metaverse-like’ experiences for FIFA World Cup China-based technology companies are reportedly working on tech that would give Chinese soccer fans...Continue Reading

Ethereum co-founder Vitalik Buterin said the collapse of FTX has illustrated once again that the problem lies in people, not technology. Ethereum co-founder Vitalik Buterin has spoken out in the wake of the FTX collapse, offering his thoughts and some positives from one of crypto’s biggest black swan events. In a Nov. 20 Bloomberg interview,...Continue Reading

Blockchain detective ZachXBT has provided evidence refuting recent speculation about the identity of the FTX hacker and their supposed memecoin activity. On-chain sleuth ZachXBT has shared his findings on what he sees as the three most common misconceptions about the FTX hack — taking to Twitter to correct a “ton of misinformation” about the event...Continue Reading

The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11. The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds.  In an interim report released on Nov....Continue Reading

The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline. While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.” The crypto exchange, along with 130 affiliates filed...Continue Reading

Not much is known about who these creditors could be, as names and personal information were redacted from the published document. According to a court filing on Nov. 20, FTX Trading LTD owes its top 50 creditors over $3 billion USD. The document, which was submitted through the United States bankruptcy court for the district...Continue Reading