In the FTX bankruptcy saga, a significant claim has been reassigned to a single creditor, streamlining proceedings but raising concerns for smaller creditors. Lack of transparency adds to apprehensions amidst FTX's turbulent downfall. Meanwhile, co-founder Sam Bankman-Fried maintains innocence amid prison sentence.
Xu LinGrayscale Bitcoin Trust ETF (GBTC) witnesses over $10 billion in net outflows since ETF conversion. High fees at 1.5% compared to competitors impact GBTC's performance. Despite recent price surge, persistent outflows raise concerns over GBTC's stability.
Huang BoBitcoin's hash rate hits a record 500 exahashes per second, drawing praise from Elon Musk. Yassine Elmandjra compares Bitcoin's processing power to astronomical scales. Musk's ongoing crypto interest includes considering Bitcoin use on Mars.
EdmundFTX, the bankrupt crypto exchange, challenges the IRS's $24 billion tax claim, deeming it "absurd and meritless." The fluctuating tax bill, currently at $24 billion, covers income and employment taxes from 2018 to 2022. FTX emphasizes the need for a fair resolution to protect bankruptcy victims. The upcoming court hearing on December 13 will play a crucial role in determining the distribution of FTX's remaining assets.
BerniceThe fate of certain claims is tied to assets whose status will be decided at Sam Bankman-Fried’s trial in October.
BeincryptoLawyers representing Binance in its battle against the Securities and Exchange Commission have made a startling revelation.
cryptopotatoUSDC has regained its $1 peg.
BeincryptoComputer scientist Craig Wright has lost a claim in a UK court to protect the Bitcoin blockchain by copyright.
decryptHash rate on the bitcoin network has hit a new all-time high of 281.79 million TH/s, and its next halving dates is projected to be as early as Q4 2023.
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