Connect with us

Business

FTX owes its 50 biggest creditors nearly $3.1billion

Published

on

1 million creditors

The crumbling of the FTX crypto empire may have damaged retail and institutional sentiment toward crypto – but cross border transactions are still proving popular.

In some countries like Brazil, the fall of FTX was seen as hurting confience in centralised crypto exchanges and crypto in general.

Transfero Group is tied in closely with the Brazilian crypto ecosystem.

It believes the collapse of the exchange removed a “big liquidity source” from the market, as FTX was ranked within the top three in terms of trading volume.

And the FTX saga will make crypto investment a “harder sell” for new investors and traders.

However, Transfero believes there wont be much impact for people who use crypto as a means for cross-border payments.

This all comes as FTX reveals it owes its 50 biggest creditors nearly $3.1billion, as revealed in a court filing, without naming them.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Business

A British digital currency “later this decade”

Published

on

The Bank of England and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency later this decade.

“On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future,” the Telegraph quoted BoE Governor Andrew Bailey and finance minister Jeremy Hunt as saying in the joint report.

“It is too early to commit to build the infrastructure for one, but we are convinced that further preparatory work is justified,” the Telegraph quoted the report saying.

The BoE declined to comment on the Telegraph article, but said a joint consultation on CBDC issues would be published shortly.

A government source said the report would be published next week.

BoE Deputy Governor Jon Cunliffe is due to give a speech on Tuesday to update the finance industry on the BoE’s CBDC work.

Continue Reading

Business

Disney’s Drama

Published

on

What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

Continue Reading

Business

The Tech Market Crash

Published

on

Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD