Bankrupt Crypto Exchange FTX Set to Begin Paying Creditors and Customers in Early 2025
The Daily Hodl reports that the beleaguered crypto exchange, FTX, is poised to start distributing payments to its creditors and customers by early 2025. According to CEO John Jay Ray III, this development follows the anticipated effectiveness of their Chapter 11 Plan of Reorganization slated for January next year. The company has already recovered billions on behalf of those affected and plans to finalize arrangements with distribution agents by December. This move marks a significant step towards resolving one of the most high-profile bankruptcies in recent years.
Empowering Traders with Bitvavo Crypto Data on TradingView
TradingView highlights an exciting collaboration with Amsterdam-based crypto exchange Bitvavo, enhancing data accessibility for traders worldwide. Launched in 2018, Bitvavo bridges traditional currencies with digital assets and now boasts over 1.5 million active users trading more than $10 billion monthly across various cryptocurrencies. By integrating Bitvavo's comprehensive data into TradingView’s platform, users can explore markets more effectively using advanced charting tools designed for both novice and experienced investors alike.
Tether Replaces USDT in Europe; Trump Buys Crypto Exchange
FinanceFeeds provides insights into Tether's strategic introduction of new stablecoins compliant with European regulations under MiCAR guidelines while Donald Trump's media group reportedly eyes acquiring Bakkt—a prominent cryptocurrency trading platform—in an all-stock deal. These developments come amidst broader financial shifts including ESMA's proposed transition to a T+1 settlement cycle within EU markets by October 2027 as well as Revolut securing stock trading licenses from UK authorities starting in 2025.
Flurry of Crypto.com Acquisitions Reveals Robinhood-Style Ambitions
DLNews uncovers how Crypto.com is aggressively expanding beyond its core market through key acquisitions aimed at offering equity trades akin to platforms like Robinhood or PayPal—targeting American audiences among others globally via newly acquired brokerage firms licensed across multiple jurisdictions such as Mauritius and Australia alongside Watchdog Capital acquisition enabling legal operations stateside despite ongoing SEC litigation challenges faced domestically due to regulatory scrutiny concerns raised earlier this year regarding securities law violations alleged against them previously unresolved till date pending further proceedings expected soon thereafter according to official statements issued recently confirming the same.
---Sources:
- Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO
- Empowering traders with Bitvavo crypto data on TradingView
- Weekly Roundup: Tether Replaces USDT In Europe, Trump Buys Crypto Exchange
- Flurry of Crypto.com acquisitions reveals Robinhood-style ambitions
- Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum
- Bankrupt Crypto Exchange FTX To Commence Payments To Customers, Creditors In Early 2025
