2023: What needs to happen when it comes to student debt – Finextra | Vette Leader

A tipping point depends on more than Biden’s aid package. One of the hottest topics when it comes to personal finance right now is the prospect of student loan forgiveness. The proposed Biden plan would eliminate up to $20,000 in federal loans for certain borrowers making less than $125,000 a year or $250,000 for spouses. … Read more

Binance and other crypto firms offer bids for bankrupt Voyager Digital after FTX collapse – CNBC | Vette Leader

Voyager said it has about $1.3 billion worth of crypto on its platform and over $350 million in cash on behalf of clients at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Binance and other crypto firms are preparing takeover bids for struggling digital currency lender Voyager Digital after FTX, which originally agreed … Read more

Binance and other crypto firms offer bids for bankrupt Voyager Digital after FTX collapse – CNBC | Vette Leader

Voyager said it has about $1.3 billion worth of crypto on its platform and over $350 million in cash on behalf of clients at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Binance and other crypto firms are preparing takeover bids for struggling digital currency lender Voyager Digital after FTX, which originally agreed … Read more

DCG’s Barry Silbert reveals crypto firm has $2 billion in debt as he tries to reassure investors after FTX – CNBC | Vette Leader

Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders trying to calm investors’ nerves in the wake of FTX’s sudden collapse. In a note to shareholders on Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, which include trading company Genesis, Grayscale … Read more

Here is the apology letter Sam Bankman-Fried sent to FTX staff: "When things happen to us, we all tend to make irrational decisions" -CNBC | Vette Leader

Sam Bankman-Fried, Co-Founder and CEO of FTX, in Hong Kong, China on Tuesday May 11, 2021. Lam Yik | Bloomberg | Getty Images Ex-FTX CEO Sam Bankman-Fried backtracked his “irrational decisions” to “sh—y” circumstances in a letter obtained by CNBC and sent to employees at the bankrupt crypto exchange. Bankman-Fried said he was “frozen in … Read more

How FTX Bankruptcy May Affect Cryptocurrency Industry Regulation – Finextra | Vette Leader

On November 11, 2022, the FTX group of companies, including quantitative trading firm Alameda Research, co-founded by Sam Bankman-Fried in September 2017, and approximately 130 other affiliates commenced a voluntary Chapter 11 bankruptcy filing in a district of Delaware , United States. Because of the project’s many ties to United States jurisdiction, FTX has filed … Read more

‘We live and kick momentum’: Banking app CEO Dave aims to dispel doubts after this year’s 97% stock plunge – CNBC | Vette Leader

Mobile Banking App Provider David has enough cash to weather the current downturn for fintech companies and be profitable in a year, according to CEO Jason Wilk. The Los Angeles-based company was caught up in the waves this year that shook the world of losing money growth companies after its IPO in January. But Dave … Read more

‘We live and kick momentum’: Banking app CEO Dave aims to dispel doubts after this year’s 97% stock plunge – CNBC | Vette Leader

Mobile Banking App Provider David has enough cash to weather the current downturn for fintech companies and be profitable in a year, according to CEO Jason Wilk. The Los Angeles-based company was caught up in the waves this year that shook the world of losing money growth companies after its IPO in January. But Dave … Read more

FTX Will Sell Or Restructure Global Empire, CEO Says – CNBC | Vette Leader

FTX’s new CEO said Saturday that the bankrupt crypto exchange plans to sell or restructure its global empire, even as Bahamian regulators and FTX argue in court filings and press releases about whether to proceed with the bankruptcy filing in New York or in Delaware . “Based on our review over the past week, we … Read more

FTX says it could have over 1 million creditors in new bankruptcy filing – CNBC | Vette Leader

FTX logo with $100 bill crypto coins displayed for illustration. FTX has filed for bankruptcy in the US and is seeking protection in court as it seeks a way to return funds to users. Jonathan Raa | Nurphoto | Getty Images Troubled cryptocurrency exchange FTX may have more than 1 million creditors, according to a … Read more