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Judge Approves $12.7 Billion Payment to FTX Creditors
By Mark Hunter 4 days agoFri Aug 09 2024 08:55:21 Reading Time: 2 minutes A US judge has approved a $12.7 billion settlement between FTX and the CFTC District Judge Kevin Castel has ordered FTX to pay $8.7 billion in restitution and $4 billion in disgorged gains The CFTC will now prioritize compensating creditors over pursuing additional civil monetary penalties against FTX A $12.7 billion settlement between FTX and the Commodity Futures Trading Commission (CFTC)has been approved by a US judge, ensuring that customers who suffered significant losses due to the exchange’s fraudulent activities will be compensated. US District Judge...
Pip World Buys Roblox Stock Simulator Game for Undisclosed Price
Stockrise, Roblox’s highest-grossing stock simulator game, has been acquired by the socialfi gaming platform Pip World for an undisclosed price. The acquisition is expected to help Pip users develop practical risk assessment and trading skills. The deal sees Stockrise join Pip’s social games ecosystem, which includes the immersive trading strategy simulator game Pip Trader. Boosting Prospective Traders’ Financial Knowledge The socialfi gaming platform Pip World has acquired Roblox’s highest-grossing stock simulator game, Stockrise, for an undisclosed price. Pip World’s 7 million budding Gen Z traders will be able to bolster their financial acumen through simulated trading. According to a statement,...
Bitfarms stock rises 22% after Q2 loss came out better than expectations
Canadian Bitcoin mining company Bitfarms stock surged nearly 22% following the release of better-than-expected second-quarter earnings. In its Q2 results on Aug. 8, the Bitcoin BTC $59,454 miner reported a 7 cents per share loss, less than the 11 cents per share loss initially forecasted by Zacks Investment Research. Bitfarms stock climbed nearly 22% over a day. Source: Google Finance In an Aug. 8 post on social media platform X, newly crowned Bitfarms CEO Ben Gagnon said the miner continues to grow and is exploring new opportunities outside of Bitcoin mining. “We continue to dramatically alter our operating profile via...
