FTX to Pay Creditors Another $900 Million: Here’s Who Gets the Money

The former cryptocurrency exchange giant announced yesterday that it will begin its fifth creditor distribution at the end of the month, pushing the total announced repayments beyond $10 billion almost four years after it went bust. The next batch of repayments will be for $900 million, which works in alignment with the company’s Chapter 11 […]

‘Useless Plastic’: NSPK CEO Declares the End of Visa and Mastercard in Russia

Dmitry Dubynin, CEO of the National Payment Card System (NSPK), stressed that cards issued by Visa and Mastercard “don’t provide any value,” as their operations are currently supported by the national system. Visa and Mastercard exited the Russian market in March 2022. Mastercard and Visa ‘Absent’ from Russia as Cards Reach Expiration As local options […]

Ripple Commits $250,000 to 25 Veteran-Owned Businesses Through Hire Heroes USA

Ripple has committed $250,000 in RLUSD-funded grants to 25 veteran- and military spouse-owned businesses through a collaboration with Hire Heroes USA. Ripple Backs Veteran Entrepreneurs With $250,000 in RLUSD Grants A quarter-million dollars is now moving into businesses led by veterans and military spouses across the United States. Ripple has awarded $250,000 to 25 companies […]