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FTX owes its 50 biggest creditors nearly $3.1billion

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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.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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