Trending Updates
Most Upvotes
Most Comments
Most Shared Post
x
#
#confidential
15
Copy link to post
Lawyers for BlockFi, made their initial appearance in U.S. bankruptcy court, emphasizing that the U.S. cryptocurrency lender was “the antithesis of FTX.”
BlockFi’s attorney told the court that the company’s bankruptcy stemmed from its substantial exposure to FTX, which filed for Chapter 11 protection earlier this month after traders pulled $6 billion from the platform.
FTX had extended a $400 million lifeline to BlockFi in July, but the Bahamas-based exchange spectacularly imploded, sparking fears of contagion across the industry just days after BlockFi asked it for additional financing on Nov. 8.
Attorneys went to great lengths to distance BlockFi from FTX, saying the company did not face the myriad issues apparently plaguing FTX. Saying “This is completely, 180 degrees, a different story.”
BlockFi said it owes money to more than 100,000 creditors. It listed FTX as its second-largest creditor, with $275 million owed on a loan issued earlier this year.
BlockFi’s largest creditor is Ankura Trust, which is owed $729 million. It still owes $30 million to the SEC from the fine it agreed to pay earlier this year. Valar Ventures, a Peter Thiel-linked venture capital fund, owns 19% of BlockFi equity shares.
BlockFi listed its assets and liabilities as between $1 billion and $10 billion. The company sold a portion of its crypto assets earlier in November to fund its bankruptcy, and it entered bankruptcy with $256.5 million in cash on hand.
#confidential9 #liabilities8 #cryptowinter0 #confidential1 #bankruptcy #confidential8 #cryptocurrency #confidential7 #protection7 #antithesis #cryptowinter6 #cryptowinter5 #confidential0 #confidential6 #cryptowinter9 #protection #cryptowinter4 #protection6 #contagion #financing #cryptowinter3 #confidential #creditors #protection5 #confidential5 #confidential4 #liabilities7 #protection4 #liabilities6 #cryptowinter2 #liabilities5 #liabilities4 #cryptowinter8 #cryptowinter7 #protection3 #confidential3 #confidential2 #liabilities #protection2 #liabilities3 #liabilities2 #liabilities1 #protection1 #liabilities0 #protection0 #liabilities9 #cryptowinter #cryptowinter1
BlockFi’s attorney told the court that the company’s bankruptcy stemmed from its substantial exposure to FTX, which filed for Chapter 11 protection earlier this month after traders pulled $6 billion from the platform.
FTX had extended a $400 million lifeline to BlockFi in July, but the Bahamas-based exchange spectacularly imploded, sparking fears of contagion across the industry just days after BlockFi asked it for additional financing on Nov. 8.
Attorneys went to great lengths to distance BlockFi from FTX, saying the company did not face the myriad issues apparently plaguing FTX. Saying “This is completely, 180 degrees, a different story.”
BlockFi said it owes money to more than 100,000 creditors. It listed FTX as its second-largest creditor, with $275 million owed on a loan issued earlier this year.
BlockFi’s largest creditor is Ankura Trust, which is owed $729 million. It still owes $30 million to the SEC from the fine it agreed to pay earlier this year. Valar Ventures, a Peter Thiel-linked venture capital fund, owns 19% of BlockFi equity shares.
BlockFi listed its assets and liabilities as between $1 billion and $10 billion. The company sold a portion of its crypto assets earlier in November to fund its bankruptcy, and it entered bankruptcy with $256.5 million in cash on hand.
#confidential9 #liabilities8 #cryptowinter0 #confidential1 #bankruptcy #confidential8 #cryptocurrency #confidential7 #protection7 #antithesis #cryptowinter6 #cryptowinter5 #confidential0 #confidential6 #cryptowinter9 #protection #cryptowinter4 #protection6 #contagion #financing #cryptowinter3 #confidential #creditors #protection5 #confidential5 #confidential4 #liabilities7 #protection4 #liabilities6 #cryptowinter2 #liabilities5 #liabilities4 #cryptowinter8 #cryptowinter7 #protection3 #confidential3 #confidential2 #liabilities #protection2 #liabilities3 #liabilities2 #liabilities1 #protection1 #liabilities0 #protection0 #liabilities9 #cryptowinter #cryptowinter1
Welcome to the Bullet Point Bulletins Weekly Wrap-Up With Bruce Burke and Tedd Huff of Fintech Confidential.
This week we are discussing how JP Morgan’s Onyx Blockchain is being used to transact intraday repos.
And we’ll be talking about their recently trademarked “JP Morgan Wallet”.
And of course well the talking about Binance’s $1-2 Billion Dollar Crypto Industry Recovery Fund which aims to bail out the industry.
We're also talking about how Binance is investing in a self-custody hardware crypto wallet solution from Ngrave.
And we're also talking about how the Reserve Bank of India is doing a retail CBDC pilot program, creating the digital rupee. They are trialing it with a large list of banks, payment companies, and service providers.
A special shout out to Tedd Huff of @Fintech Confidential for his support and interaction on this and many other projects.
We'll continue to do this wrap-up every week we are able. It's interesting to discuss these happenings with Tedd.
#convergence5 #technology3 #bulletins #technology2 #technology1 #blockchain1 #blockchain0 #confidential6 #confidential5 #confidential #confidential4 #blockchain7 #blockchain6 #confidential3 #technology0 #blockchain5 #convergence4 #confidential2 #convergence3 #intelligence4 #convergence2 #confidential1 #technology9 #convergence9 #intelligence3 #technology8 #blockchain #convergence1 #paynearby #convergence8 #convergence0 #intelligence2 #intelligence1 #technology7 #technology6 #confidential0 #intelligence9 #intelligence8 #blockchain4 #trademark #intelligence7
#convergence0 #convergence7 #technology5 #intelligence #blockchain8 #technology4 #cryptocurrency #intelligence0 #convergence4 #confidential9 #confidential8 #intelligence6 #convergence5 #technology3 #bulletins #convergence #confidential7 #technology #humanity #convergence6 #confidential6 #intelligence5 #blockchain3 #blockchain2
https://youtu.be/P3paEl5odDs
This week we are discussing how JP Morgan’s Onyx Blockchain is being used to transact intraday repos.
And we’ll be talking about their recently trademarked “JP Morgan Wallet”.
And of course well the talking about Binance’s $1-2 Billion Dollar Crypto Industry Recovery Fund which aims to bail out the industry.
We're also talking about how Binance is investing in a self-custody hardware crypto wallet solution from Ngrave.
And we're also talking about how the Reserve Bank of India is doing a retail CBDC pilot program, creating the digital rupee. They are trialing it with a large list of banks, payment companies, and service providers.
A special shout out to Tedd Huff of @Fintech Confidential for his support and interaction on this and many other projects.
We'll continue to do this wrap-up every week we are able. It's interesting to discuss these happenings with Tedd.
#convergence5 #technology3 #bulletins #technology2 #technology1 #blockchain1 #blockchain0 #confidential6 #confidential5 #confidential #confidential4 #blockchain7 #blockchain6 #confidential3 #technology0 #blockchain5 #convergence4 #confidential2 #convergence3 #intelligence4 #convergence2 #confidential1 #technology9 #convergence9 #intelligence3 #technology8 #blockchain #convergence1 #paynearby #convergence8 #convergence0 #intelligence2 #intelligence1 #technology7 #technology6 #confidential0 #intelligence9 #intelligence8 #blockchain4 #trademark #intelligence7
#convergence0 #convergence7 #technology5 #intelligence #blockchain8 #technology4 #cryptocurrency #intelligence0 #convergence4 #confidential9 #confidential8 #intelligence6 #convergence5 #technology3 #bulletins #convergence #confidential7 #technology #humanity #convergence6 #confidential6 #intelligence5 #blockchain3 #blockchain2
https://youtu.be/P3paEl5odDs
Welcome to the Bullet Point Bulletins Weekly Wrap-Up show with Tedd Huff of Fintech Confidential.
This week we are discussing how U.K. Regulators are tightening laws around Buy Now, Pay Later services.
And of course we are looking at the continuing saga at FTX, as their top three executives have been fired.
We're also talking about how Square and American Express are partnering on an AMEX for Square Merchants.
And we're also talking about how CZ, CEO of Binance, the world’s largest cryptocurrency exchange is saying “Don't Buy The Dip”. It's all interesting, fun and exciting on the weekly wrap-up.
A special thank you to Tedd Huff of Fintech Confidential for his support and interaction on this and other projects.
It's always interesting to discuss these happenings with him.
I found it interesting that we got into a discussion about hardware wallets in this episode filmed Sunday, and Binance announced investing in Ngrave on Monday.
#intelligence6 #confidential4 #dontbuythedip1 #confidential3 #confidential2 #confidential9 #confidential8 #intelligence1 #intelligence0 #confidential #dontbuythedip9 #convergence9 #convergence8 #dontbuythedip8 #confidential1 #convergence7 #intelligence5 #dontbuythedip7 #intelligence4 #confidential0 #confidential7 #intelligence #hmtreasury1 #confidential6 #cryptocurrency #dontbuythedip3 #intelligence5 #intelligence3 #dontbuythedip6 #intelligence6 #confidential4 #dontbuythedip1 #convergence #technology #dontbuythedip2 #intelligence9 #intelligence1 #dontbuythedip5 #convergence6 #convergence5 #convergence4 #intelligence8 #hmtreasury0 #dontbuythedip0 #dontbuythedip4 #authority #convergence3 #convergence2 #convergence1 #convergence0 #ombudsman #confidential5 #hmtreasury #dontbuythedip #intelligence7 #intelligence2 #investors
https://youtu.be/3b36OXlQrp0
This week we are discussing how U.K. Regulators are tightening laws around Buy Now, Pay Later services.
And of course we are looking at the continuing saga at FTX, as their top three executives have been fired.
We're also talking about how Square and American Express are partnering on an AMEX for Square Merchants.
And we're also talking about how CZ, CEO of Binance, the world’s largest cryptocurrency exchange is saying “Don't Buy The Dip”. It's all interesting, fun and exciting on the weekly wrap-up.
A special thank you to Tedd Huff of Fintech Confidential for his support and interaction on this and other projects.
It's always interesting to discuss these happenings with him.
I found it interesting that we got into a discussion about hardware wallets in this episode filmed Sunday, and Binance announced investing in Ngrave on Monday.
#intelligence6 #confidential4 #dontbuythedip1 #confidential3 #confidential2 #confidential9 #confidential8 #intelligence1 #intelligence0 #confidential #dontbuythedip9 #convergence9 #convergence8 #dontbuythedip8 #confidential1 #convergence7 #intelligence5 #dontbuythedip7 #intelligence4 #confidential0 #confidential7 #intelligence #hmtreasury1 #confidential6 #cryptocurrency #dontbuythedip3 #intelligence5 #intelligence3 #dontbuythedip6 #intelligence6 #confidential4 #dontbuythedip1 #convergence #technology #dontbuythedip2 #intelligence9 #intelligence1 #dontbuythedip5 #convergence6 #convergence5 #convergence4 #intelligence8 #hmtreasury0 #dontbuythedip0 #dontbuythedip4 #authority #convergence3 #convergence2 #convergence1 #convergence0 #ombudsman #confidential5 #hmtreasury #dontbuythedip #intelligence7 #intelligence2 #investors
https://youtu.be/3b36OXlQrp0
Trending Updates
Upvoted by Johannes and 11 others
Upvoted by 12
Upvoted by Greg and 8 others
Upvoted by 9
Upvoted by Brian and 4 others
Upvoted by 5
Upvoted by Diego and 7 others
Upvoted by 8
Upvoted by Ridham and 14 others
Upvoted by 15
Upvoted by Stuart and 2 others
Upvoted by 3
Upvoted by Victor and 7 others
Upvoted by 8
Upvoted by Michelle A. and 7 others
Upvoted by 8
:quality(70)/d1t2f78qo6hdah.cloudfront.net/10-01-2022/t_9754387774c64f17897b0689e7633860_name_file_960x540_1600_v4_.jpg)
Upvoted by Alfonso and 8 others
Upvoted by 9
Upvoted by Vikas and 12 others
Upvoted by 13
Master C.
Jan 8, 2023
We are looking for the best of the best from our members to join our Premier Master Enabler Program. Focusing right now on International Expansion and New Market Entry professionals for Europe, Latin America, and the USA. Interested in learning more message Master Connector here or email - masterenabler@fintechconnector.com
Upvoted by Johannes and 11 others
Upvoted by 12
1 comment
Master C.
Aug 9, 2022
Meet our FinTech Connector Switzerland Cruise sponsors on September 9th in Zurich.
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Upvoted by Greg and 8 others
Upvoted by 9
5 comments
Master C.
Jun 17, 2022
As the global economic environment is shifting, now more than ever partnering with the right organizations to increase business opportunities, focus on revenue growth, and drive innovation is critically important.
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
Upvoted by Brian and 4 others
Upvoted by 5
3 comments
Stephen W.
Mar 18, 2022
See our recent WealthTech 2022 report for a range of viewpoints and thinking on the main trends for WealthTech in 2021/2022.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
Upvoted by Diego and 7 others
Upvoted by 8
4 comments
Angel L.
Jan 11, 2023
I wrote an article that highlights the opportunities and challenges of digital transformation in banking and covers points on having a well-thought-out plan, organizational culture, and how to get started with partners that have done it already.
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Upvoted by Ridham and 14 others
Upvoted by 15
3 comments
Luisa F.
Mar 7, 2024
Hello Fintech Connector Community! I have a bank client looking for fintechs that are interested in bank sponsorship. If you're in the market for a bank sponsor, please message me.
Upvoted by Stuart and 2 others
Upvoted by 3
6 comments
Master C.
May 13, 2022
SWITZERLAND IS CALLING ALL FINTECH CONNECTOR MEMBERS...
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
Upvoted by Victor and 7 others
Upvoted by 8
2 comments
Angel L.
Apr 17, 2022
Another powerful report from FIS on global payments. This is a 156-report that gives you global payments trends, key insights, and other important ecosystem information.
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
Upvoted by Michelle A. and 7 others
Upvoted by 8
5 comments
Master C.
Oct 5, 2022
Great seeing our Mexico Community Partner Sofia Gamboa on El Financiero Factor Fintec speaking with Sergio Loredo about fintech in Mexico.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Upvoted by Alfonso and 8 others
Upvoted by 9
5 comments
Angel L.
Nov 11, 2022
Great to see how we have come a long way since our Meet Ups at Hurley's in NYC to now travelling the world to connect people, opportunities, and capital. Looking forward to our 2023 FinTech Connector events being announced shortly.
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Upvoted by Vikas and 12 others
Upvoted by 13
1 comment