Coinbase, America's biggest crypto exchange by trading volume, is leaving Delaware to reincorporate in Texas, citing a crypto-friendly environment and "strong culture of celebrating builders" for the decision.  The publicly traded company, which has a remote-first policy with its employees, had been legally based in Delaware but said Wednesday in a regulatory filing with the SEC that Texas was a better fit for the firm.  In an op-ed in The Wall Street Journal, Coinbase Chief Legal Officer Paul Grewal wrote ...

Creditors of collapsed crypto exchange FTX will receive $1.6 billion at the end of this month in a third distribution to make clients whole, the FTX Recovery Trust announced on Friday.  Four groups of creditors will receive the funds on September 30, with distributions ranging between 78% and 120% of the value of their FTX holdings when the exchange collapsed in November 2022, according to a press release from the Trust, which is overseeing assets and claims from the exchange's bankruptcy estate.  The distr ...