Business
The FTX bankruptcy estate announced a major milestone in their efforts to reimburse creditors of FTX.com and FTX.US as early as the second quarter of 2024.
DeFi
The entity behind the decentralized exchange plans to charge a flat fee on a limited set of tokens to “sustainably fund operations.”
Nishad Singh’s described an organization that allegedly defrauded FTX customers and Sam Bankman-Fried’s dismissiveness toward senior managers who expressed concerns about the firm’s balance sheet.
Crypto scams seem to be getting more savvy and sneaky, ensnaring even the likes of Vitalik Buterin as well as retail investors. But hackers aren’t just experts on crypto – they have a deep understanding of human behavior.
Last week, the Financial Conduct Authority (FCA) restricted the promotional partner Binance had selected to help comply with new regulations.
The USDT stablecoin issuer was working with law enforcement to crack down on the illicit use of crypto to fund terrorism and war.
Bitcoin
The token climbed from $27,900 after a social media post that the SEC had approved BlackRock’s application.
SBF’s trial, and his depiction by Michael Lewis, show a man with no morals, remorse or empathy.
The GBTC discount to NAV is down to 15.87% for the first time since December 2021, when Bitcoin was trading at an all-time high.
Lawyers for the former FTX CEO claim he has struggled to concentrate during his trial because of a lack of access to his prescribed medication.