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The number of Americans filing for unemployment benefits for the first time last week was 223,000, an estimate of 220,000, and the previous value was 217,000.
According to TheMinerMag, Mintvest, a company that claims to own 18.2% of Coinmint, filed a lawsuit against NYDIG in U.S. District Court in Puerto Rico. The lawsuit alleges that based on "information and belief," NYDIG acquired Coinmint for $200 million but failed to pay Mintvest its stake in the company. Mintvest is demanding $36 million in damages from NYDIG. NYDIG declined to comment on the case or clarify its investment in Coinmint. However, recent developments suggest that NYDIG may be taki...
FTX creditor Sunil published a disclosure on the X platform, saying that FTX creditors in Egypt, Iran, Nigeria, Ukraine, China, Russia, Saudi Arabia and other countries are currently ineligible to receive distributions from BitGo and Kraken, but creditors may obtain accounts on these two exchanges.
According to Politico, U.S. Senate Democrats are circulating a memo alleging that President-elect Trump's nominee for Treasury secretary, Scott Bessent, improperly declared nearly $2 million in lost tax revenue and owed nearly $1 million in taxes related to his hedge fund. This provides them with ready ammunition, as Bessent will appear before the Treasury Committee on Thursday for a hearing. (Kim Ten)
FTX creditor Sunil disclosed the "FTX Repayment Plan Initial Distribution Schedule" at X: creditors with claims under $50,000 are expected to receive a total of about $1.20 billion; FTX requires creditors to complete the pre-distribution requirement (claim registration) by January 20 to ensure that they can participate in the initial distribution. Repayments are not expected to begin before this date; Initial repayments are expected to begin on February 25 and may continue until March 4. This sc...
FTX administrators are being sued by creditor Lidia Favario for extravagant expenses. Favario points out that administrators spent too much on FTX bankruptcy proceedings, including high-end hotel accommodations and exorbitant transportation costs. She points to A & M professionals spending $971.74 a night at a luxury hotel in New York, and one professional paying $1,733 for a taxi. In addition, FTX also paid $2,683 for three taxis to wait for CEO John Ray's testimony. Favario appealed to the cou...
A crypto forum administrator and father of four claims he was forced to go into hiding with his family after being the target of an attempted kidnapping. The Canadian man said his attackers intended to torture him and mistakenly believed he owned a large amount of bitcoin. The Canadian man, who has not been named to protect the identity of the child, was told by police that they could not guarantee the safety of his family and advised them to relocate because the suspected attacker could be relo...
FTX creditor Sunil accused aixbt of spreading misinformation about FTX, saying that FTX will start distributing on January 3 and distribute $16 billion in cash within 60 days. In fact, FTX only has $13 billion in cash and has applied to keep $6.50 billion, so they can only distribute 6.50 billion to about $7.50 billion in the first distribution.
Initial U.S. claims for unemployment benefits fell last week, suggesting the economy still avoids a wave of mass layoffs in the final stretch of 2024. The Labor Department said Thursday that 219,000 people filed for new unemployment benefits in the week ending Dec. 21, compared with 220,000 the week before and market expectations for 225,000. The U.S. unemployment rate is currently 4.2 percent, which is still fairly modest by the standards of the past decade. But at 202...
The number of Americans claiming unemployment benefits for the first time last week 220,000, estimated at 230,000, and the previous value was 242,000.
FTX's creditors team disclosed in court documents on Dec. 10 that it had successfully recovered about $14.50 million in November through a small claims settlement, mainly from previous political donations. The recovered funds include $6 million from the House Majority PAC and $3 million from the Senate Majority PAC. In addition, the Forward Action Fund, Mind the Gap, and American Road People also returned more than $1 million each.
The Ukrainian military says it has attacked an oil depot in Russia's Bryansk region.
On December 8th, according to the Times of Israel, US President-elect Trump said that Syrian President Bashar al-Assad "fled his country" after losing Russia's support. "Assad left," he said on his Truth Social platform. "His protector, Russia led by Putin, Russia, Russia, has no interest in protecting him anymore." He also said: "Russia had no reason to go there in the first place. They lost all interest in Syria because of a war in Ukraine that should never have started and could go on forever...
On December 8th, according to NBC coverage, the Syrian opposition armed group claimed that it occupied the Syrian capital Damascus in the early hours of Sunday local time, and the Syrian government forces were routed within days.
The number of Americans filing for unemployment benefits for the first time last week was 224,000, an estimate of 215,000, and the previous value was 213,000.
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