Tag Archives: assets

FTX finds $5.5 billion in liquid assets, still faces ‘substantial shortfall’

FTX finds $5.5 billion in liquid assets, still faces ‘substantial shortfall’

Collapsed crypto exchange FTX said Tuesday it has identified $5.5 billion of liquid assets, but said based on current estimates both the international and U.S. based exchange still face a “substantial shortfall” from what the trading venues owe customers. A court document with the restructuring team’s most recent findings shows this $5.5 billion includes $1.7 billion of cash, $3.5 billion of crypto assets, and $0.3 billion of securities. Some $1.7 billion of the company’s assets are being held… Source link

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Federal Reserve, top bank regulators flag ‘significant’ worries over crypto assets

Federal Reserve, top bank regulators flag ‘significant’ worries over crypto assets

The Federal Reserve, FDIC, and the Office of the Comptroller of the Currency (OCC) issued a joint statement on Tuesday warning about “significant” risks crypto assets may pose to the broader banking system. “It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the agencies said in a joint statement. “Given the significant risks highlighted by recent failures of several large crypto-asset companies, the… Source link

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Auto.ru for sale? Yandex to sell Russia-based assets

Auto.ru for sale? Yandex to sell Russia-based assets

Yandex, the internet-focused tech giant, may be carving up its business to protect its international activities. Originally borne in Russia, Yandex has been registered in the Netherlands for more than 10 years, and now the international branch of the company is considering selling up its Russian assets to focus on its non-Russia products and services. … Source link

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HPE Asset Upcycling Services Chosen by Yahoo! JAPAN for Sustainable Reuse of IT Assets

HPE Asset Upcycling Services Chosen by Yahoo! JAPAN for Sustainable Reuse of IT Assets

TOKYO–(BUSINESS WIRE)–Hewlett Packard Enterprise (NYSE: HPE) today announced that Yahoo! JAPAN has chosen HPE Asset Upcycling Services to ensure end-of-use hardware gets refurbished and reused wherever possible, to meet its sustainability goals. Yahoo! JAPAN provides internet services to approximately 86 million users. In order to deliver a state-of-the-art user experience the company is constantly modernizing its technology environment. Yahoo! JAPAN pledges to be carbon… Source link

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FTX sets up credit facility with Tron to allow certain crypto holders to remove assets

FTX sets up credit facility with Tron to allow certain crypto holders to remove assets

FTX on Thursday said it will open a Tron credit facility to allow holders of TRX, BTT, JST, SUN, and HT to remove their assets from the platform. “As part of this agreement, we will be disabling Tron deposits for all users during this period. The only deposits will be the pre-announced deposits conducted weekly by the Tron Team. Initially, $13,000,000 of assets will be deployed to facilitate such swaps,” the exchange said. The development comes after founder of the Tron cryptocurrency network,… Source link

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