Day: November 20, 2022

Getting funds out of FTX could take years or even decades: Lawyers

Ciaran Lyons

While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.” The crypto exchange, along with 130 affiliates filed for Chapter 11 bankruptcy protection in the United States on Nov. 11. Insolvency lawyer Stephen Earel, partner at Co Cordis in Australia said it will be an “enormous exercise” in the liquidation process to “realize” the crypto assets then work out how to distribute the funds, with the process potentially taking years, if…

Altcoin SNM’s 4,000% Price Surge in 24 Hours Fuels Pump and Dump Claims – Altcoins Bitcoin News

Terence Zimwara

The trading price of the altcoin SNM suddenly rose by over 4,000% to $10.91 on Nov. 20, 5:30 a.m. (ET), while the coin’s 24-hour trade volume stood at just over $720 million. The altcoin’s abrupt price surge has fueled speculation that the altcoin is being targeted by a pump-and-dump group. Binance Dominates the Altcoin’s Trade Volumes SNM, an altcoin, which had only previously traded above one dollar on April 30, 2021, went up by more than 4,000% to $6.70 — a new all-time high — on Nov. 20, 5:30 a.m.…

Ligue 1’s Top Clubs Join Forces to Build FFC and Enter the World of Football Metaverse on Web3

Anthony B

SINGAPORE, SINGAPORE / ACCESSWIRE / November 20, 2022 / Many top football clubs in Ligue 1 have deployed the metaverse collaboratively. They established the League of France Football Club, hoping to expand the influence of the league clubs. Meanwhile, they wanted to enhance fan stickiness, as well as the deep connection between football culture and fans. The FFC is a football league on Web3 jointly launched by many top football clubs in Ligue 1. Ligue 1 top club Toulouse is currently already included. And the League of FFC will sign…