Synopsis Large law firms can rake in more than $100 million in legal fees during a long-running bankruptcy, experts said. “You’ve got to pay the gravedigger,” said Adam Levitin, a law professor at Georgetown University who specializes in bankruptcy law. “These are complicated cases with a bunch of novel issues, and it shouldn’t be surprising […]
Synopsis Historically, investing in art was a privilege limited to the affluent populace. With the emergence of fine art NFTs, several business houses, organizations, and individuals have started considering it as an investment avenue, just like equities, mutual funds, fixed deposits, etc. INSIGHTS Read Stock Insights by ET for a quick analysis NSEBSE Blue Chip […]
Synopsis After topping the $17,000 mark, Bitcoin again slipped below this key psychological level. All other top crypto tokens were trading lower. Dogecoin plunged the most, down 6%, followed by a 4% drop in Solana and XRP each. BNB also tumbled by 3%. New Delhi: After a steady run, crypto markets were back in the […]
Synopsis Asked if he knew whether funds were being funneled to Alamed, FTX’s former chief executive officer told ABC: “I did not know that there is any improper use of customer funds.” FTX founder Sam Bankman-Fried said there was a borrowing-lending facility at the cryptocurrency exchange but he did not know of deposits being used […]
Synopsis India has seen its share of crypto frauds in recent years. In 2018, a police probe found that more than 25,000 investors were duped, while the nation’s top court is hearing a case on an alleged fraud worth about $1.6 billion at current prices. BitConnect, a global scam worth around $2.4 billion, had its […]
Synopsis The top crypto tokens were trading mixed. Polygon zoomed more than 6%, whereas among the losers, Dogecoin tanked 3% and Litecoin dropped 2%. The global cryptocurrency marketcap was trading mildly higher around $862 billion. The total trading volume was flat at $48.59 billion. New Delhi: Crypto markets traded mixed on Thursday after Fed Chair […]
Synopsis But a 75% fall over the past year, just as inflation reared its head, and a string of scandals including the collapse of the FTX exchange this month have given critics among central bankers and regulators ammunition to fight back. Bitcoin is being artificially propped up and should not be legitimised by regulators or […]
Synopsis Earlier this month, the SEC delayed a decision on whether to allow a spot bitcoin ETF by stock-picker Cathie Wood’s Ark Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until Jan. 27. The U.S. Securities and Exchange Commission has yet to approve any spot bitcoin exchange-traded […]
Synopsis “However, despite our efforts … we have regretfully determined that we need to shut down BITFRONT in order to continue growing the LINE blockchain ecosystem and LINK token economy,” the California-based company said in a statement on its website on Sunday. Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, […]
Synopsis Earlier this month, the company had sub-divided its equity shares in 1:2 ratio. The stock with a face value of Rs 10 each was divided into two shares with a face value of Rs 5 each.Dev Information Technology is an ITeS company, providing digital transformation to its customers, leveraging its expertise on cloud, automation, […]