7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...

Court filings show US$740-million in crypto assets recovered in FTX bankruptcy so far

FTX Arena, where the Miami Heat basketball team plays, on Nov. 12.Marta Lavandier/The Associated Press

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX said they’ve managed to recover and secure US$740 million in assets so far, a fraction of the potential billions of dollars likely missing from the company’s coffers.

The numbers were disclosed on Wednesday in court filings by cryptocurrency custodial company BitGo, which FTX hired in the hours after the company filed for bankruptcy on November 11.

The biggest worry for many of FTX’s customers is they’ll never see their money again. FTX failed because its founder and former CEO Sam Bankman-Fried and his lieutenants used customer assets to make bets in Bankman-Fried’s trading firm, Alameda Research. Bankman-Fried was reportedly looking for upwards of US$8 billion from new investors to repair the company’s balance sheet.

The US$740 million figure is from Nov. 16, and since then additional assets have been steadily been recovered.

The assets recovered by BitGo are now locked in what is known as “cold storage” in South Dakota, which means they’re cryptocurrencies stored on hard drives not connected to the Internet. BitGo provides what is known as “qualified custodian” services under South Dakotan state law. It’s basically the crypto equivalent of financial fiduciary, offering segregated accounts and other security services to lock down digital assets.

FTX collapse affecting investments by Canadian businesses, organizations

The assets recovered include not only Bitcoin and Ethereum, but also a collection of minor cryptocurrencies that vary in popularity, such as the Shiba Inu coin.

California-based BitGo has a history of recovering and securing assets. They were tasked with securing assets after the cryptocurrency exchange Mt. Gox failed in 2014. The company is also the custodian for the assets held by the government of El Salvador.

https://www.tausiinsider.com/court-filings-show-us740-million-in-crypto-assets-recovered-in-ftx-bankruptcy-so-far/?feed_id=332985&_unique_id=6471d52539c1b

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