Assets

Britain to get robust and transparent regulations for crypto assets following the FTX collapse Following the collapse of cryptocurrency exchange FTX last year, which left millions of individuals nursing billions of dollars in losses, Britain’s finance minister intends “strong” controls for crypto assets. Currently, there is no worldwide regulation of cryptocurrencies; businesses are simply required to conduct checks to stop money laundering. As “black money” circulates across the industry, the Financial Conduct Authority…

The Nigerian National Petroleum Company Limited (NNPCL), on Tuesday, announced it has taken over assets owned by Addax Petroleum. The move followed the termination of the Production Sharing Contract (PSC) relationship between both organisations. The NNPCL in a tweet said:“After fulfilling closing obligations, @nnpclimited and Addax Petroleum Development (Nigeria) Ltd today amicably terminated their 24-Year Production Sharing Contract (PSC) relationship.” “GCEO @nnpclimited Mallam @MKKyari and Mr. Yonghong Chen…

Twitter’s $Cashtags Function enables users to view the price of specific cryptocurrencies Twitter’s $Cashtags function now includes 30 additional digital assets: The social media site Twitter has disclosed the inclusion of 30 more cryptocurrency tokens to its $Cashtags function, which enables users to view the price of specific tokens. The new $Cashtags feature was unveiled on December 21, 2022, the business claims, via the Twitter Business account. According to recent information, an additional 30 tokens…

Dr. Dre is reportedly headed toward a huge payday. According to Billboard, the 57-year-old hip-hop mogul is preparing to sell a portion of his music assets for more than $200 million. Sources say the assets generate about $1 million annually, and will be sold in two separate deals; one with Shamrock Holdings and the other with Universal Music Group. The former is said to be looking to buy royalties from a couple of Dre’s solo projects, his share of N.W.A artist royalties, his producer royalties, and the writer’s share of…

Bankrupt cryptocurrency exchange FTX said it has located more than $5 billion in cash and other liquid assets and is hoping to sell hundreds of additional holdings with a book value of more than $4.6 billion.  Those assets are valued as of FTX’s bankruptcy filing in November and don’t include $425 million held by authorities in the Bahamas, company lawyers said on Wednesday in the U.S. Bankruptcy Court in Wilmington, Del.  Bankrupt cryptocurrency exchange FTX said it has located more…

The most recent news from the Bitgert team was about the exchange, one of the most significant products the team launched this year. The centralized exchange was launched early this month and has already excited the crypto community, especially the crypto traders, because of its disruptive features. The Bitgert exchange is the first ‘zero trading fee’ crypto exchange, a feature that is attracting a lot of attention. It means that this exchange will be the cheapest in terms of trading gas fees. The Brise exchange has the…

Orbeon Protocol (ORBN) and Shiba Inu (SHIB) are expected to be some of the top contenders in 2023. Orbeon Protocol (ORBN) is a revolutionary platform changing crowdfunding and making early-stage investments accessible to retail investors. ORBN is currently amid its presale, with the third phase selling for $0.0362 after an impressive 805% increase. Shiba Inu, on the other hand, has solidified its position as the second-largest meme coin on the market. As the new year approaches, these two cryptocurrencies will be worth…

FTX on Friday disputed claims by the Securities Commission of the Bahamas (SCB) that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange's assets. When the Commission seized the digital assets of FTX in November, they were worth just $296 million, FTX said in a statement. FTX urged the commission to "clear up any confusion" about the assets it holds and their value. The regulator began liquidation proceedings against FTX Digital Markets Ltd., the company's Bahamas-based unit, in November. FTX…

Elon Musk suffers the biggest loss; Twitter CEO’s net worth has fallen! Read more tech news Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Amazon now uses drones for deliveries in US; it has begun using drones to deliver packages in the US in the states of Texas and California. Fast-Track Insights: Investors have accused cryptocurrency billionaires Winklevoss Twins of fraud and breaking securities laws. Elon Musk’s net worth has decreased by more than $200 billion (£166…

The Securities Commission of the Bahamas said that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver them to customers and creditors who own them. FTX's Bahamas unit's digital assets were transferred to digital wallets under the exclusive control of the commission in November soon after the company and its hedge fund Alameda Research and dozens of affiliates filed for US bankruptcy. Upon completion of the transfer, FTX founders Sam Bankman-Fried…