State Delaware Financial News

Commercial casinos in the U.S. had their best July ever this year, winning nearly $5.4 billion from gamblers, according to a national gambling industry group

Hunter Biden was indicted Thursday on federal firearms charges, the latest and weightiest step yet in a long-running investigation into the U.S. president’s son.

Joe Biden's son Hunter Biden on Thursday was criminally charged of deceiving a gun dealer into selling him a firearm. He is charged with three criminal counts related to lying about the fact he was using illegal drugs at that time, which would have banned him under the law from owning a firearm. The was filed at the U.S.

For a long time, Solana has been associated with the founder of now-insolvent crypto exchange FTX and hedge fund Alameda Research, Sam Bankman-Fried. He was an early investor in the project and invested in numerous Solana ecosystem projects during the 2020-2021 bull mania.

Joe Biden's son Hunter Biden was criminally charged on Thursday, after efforts to reach a plea deal failed, leading to the first ever prosecution of a sitting president's child. The indictment filed on Thursday U.S. District Court in Delaware with three criminal counts related to gun possession. The indictment brought by recently elevated U.S. Special Counsel David Weiss comes after a deal for Hunter Biden, 53, to plead guilty to two misdemeanor tax charges and enroll in a program to avoid prosecution on a gun-related charge collapsed in a stunning turn in a July hearing. The charges ensure that courtroom drama will play an outsized role in the 2024 U.S.

As Bitcoin continues its oscillating dance on the charts, it gives subtle hints of a resurgence. The premier cryptocurrency currently trades at $26,244, marking a nearly 1.25% rise on Thursday. 

By Juby Babu

In a recent filing, bankrupt crypto exchange FTX modified its proposed guidelines for liquidating its substantial crypto holdings, addressing concerns raised by the U.S. trustee.

hedge fund. Glas Trust Co., the trustee representing lenders who had extended a loan of $1.2 billion to the world’s most valuable education technology startup in November 2021, told a Florida court on 7 September that Byju’s transferred $533 million to Camshaft Capital Fund, a Miami-based hedge fund, allegedly established by a 23-year-old with no training or experience in investing. The lenders also told the court that the official address of the hedge fund in its regulatory filings is a US restaurant chain, IHOP.

In a major development today, FTX has received judicial approval to liquidate its cryptocurrency assets to repay its creditors. 

The Delaware bankruptcy court has approved the sale of FTX digital assets. Judge John Dorsey made the ruling at a hearing on Sept. 13. Major changes were made to the order authorizing the sale on the previous day.

Delaware Bankruptcy Court officials are expected to rule today on cryptocurrency exchange FTX's request to liquidate up to $3.4 billion in digital assets.

New York City’s pension funds and the state of Oregon are suing Fox Corporation over Fox News' 2020 election coverage

Edtech giant Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund, according to lenders trying to recover the cash, Bloomberg reported. The allegations are the latest twist in an increasingly public battle between Byju’s, and lenders who claim the $533 million is collateral for a $1.2 billion loan. As per the Bloomberg report, the tech giant in 2022 transferred more than half a billion dollars to Camshaft Capital Fund, some Byju’s lenders claim in a lawsuit.

crypto exchange FTX Group may emerge as soon as next year, potentially injecting a jolt of activity back into a market that's been largely subdued since the platform's collapse. More than 75 bidders have been contacted by the FTX estate since May to gauge industry interest in backing a relaunch of the exchange, according to a presentation filed in a Delaware court. Several parties have submitted bids that are now undergoing due diligence and information sharing, managers of the estate said, with a deadline for any new bids set for September 24. FTX was one of the world's largest digital-asset trading platforms prior to its bankruptcy in November. It was a key part of the crypto empire controlled by its now-jailed chief executive Sam Bankman-Fried, who is set to stand trial on fraud and other charges next month. FTX's failure, along with sister platforms FTX.US and Alameda Research, triggered an industry-wide fallout that left billions of dollars in assets locked up in customer claims. Bankman-Fried has pleaded not guilty to all the counts against him.

HANOI (Reuters) — The United States and Vietnam announced new deals and partnerships as U.S. President Joe Biden visited Hanoi on Sunday including billions of dollars in plane orders, heightened human rights discussions, digital economy education and semiconductor design centers.

U.S. College Football Games Week 1 went smoothly but stretched over five days, Week 2 is more hectic with as many as 80 games packed in the Saturday window. With no extension of the holiday, Saturday will have the most busy schedule. Saturday's premiere match between No. 3 Alabama hosts No. 11 Texas begins at 7 p.m.The action in Tuscaloosa will be followed by a pair of interesting road contests for ranked, future Big Ten rivals, with No. 13 Oregon facing a wounded Texas Tech squad and No. 19 Wisconsin playing Washington State.

Lady Jill Biden tested negative for Covid-19- three days after being tested positive for the infection, the First Lady's office said on Thursday. She was tested positive for Covid-19 on Monday. «This evening, the First Lady tested positive for Covid-19. She is currently experiencing only mild symptoms.

Joe Biden on Thursday left for India to participate in the historic G20 Summit in New Delhi to be chaired by Prime Minister Narendra Modi. Biden will follow the COVID-19 guidelines of the Centers for Disease Control and Prevention (CDC) during his visit to India for the G20 Summit, the White House has said. First Lady Jill Biden, 72, tested positive for COVID-19 on Monday.

By Deena Beasley and Julie Steenhuysen

Joe Biden tested negative for the viral disease, according to a report published by The Associated Press. White House press secretary Karine Jean-Pierre said the president would continue testing regularly and be monitored for symptoms. Jill Biden will remain at the couple's home in Rehoboth Beach, Delaware, for the time being.