Latest compensation filings show that in the last three months ending Oct. 31, defunct crypto exchange FTX spent nearly $53,000 per hour on bankruptcy lawyers and advisors. Documents deposited Reports filed in court from Dec. 5 to Dec. 16 show bankruptcy attorneys billed at least $118.1 million between Aug. 1 [...]
The cost of sending BTC on-chain is rising sharply. According to Data provided by BitInfoCharts, to date the average transaction fee has reached almost $40! This is the highest figure since April 2021. “Scaling does not occur in Layer-1” The latest wave of Bitcoin Ordinals registrations has resulted in an [...]
After a month-long pilot project, it was announced that the digital currency digital tenge issued by the Central Bank of Kazakhstan (CBDC) was successful. A number of technical, regulatory and commercial improvements are planned for 2024.During the pilot project, digital tenge was used to provide free lunches to schoolchildren in [...]
Bitcoin in the coming weeks and beyond (Bitcoin) could benefit from a familiar starting point if macro conditions confirm themselves.Inside Post published on X (formerly Twitter) On December 14, popular trader Crypto Ed, founder of the CryptoTA trading group, predicted multi-month lows based on the strength of the US dollar. [...]
Inside advisory Released on December 14, the Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) proposed several targeted adjustments to standards for banks’ exposure to crypto assets. The document is the result of review work conducted in 2023, which helped the Committee formulate changes to its [...]
On Monday, December 11, Wikipedia co-founder Jimmy Wales used X (formerly Twitter) to attack Bitcoin (Bitcoin) claimed that although many users have lost their Bitcoins due to the loss of their wallet passwords, he would never lose the money in his bank account.Wales’ comments did not go down well with [...]
The defense lawyer in Sam Bankman-Fried’s criminal trial has admitted it was “almost impossible” to win the case from the start.Inside’report Stanford Law School professor David Mills described Bloomberg’s reluctance to follow Bankman-Fried’s advice when he met with him face to face. damning statements from former partners It left FTX’s [...]
BTC price continues to rise; It even broke above the $42,200 resistance last week! Maybe it’s not nice to point this out… but we told you so. And now we also recommend closing some positions. We are waiting for the main event of 2024 that could give further momentum to [...]
Binance’s obligations to the US Department of Justice (DOJ) are as follows: was made public this weekIt reveals significant government oversight over the exchange’s operations and trading activities. In an analysis shared on X (formerly Twitter), former Securities and Exchange Commission (SEC) official John Reed Stark said he declared He [...]
Asset manager VanEck filed its fifth amended application for a Bitcoin exchange-traded fund (ETF) on December 8 (Bitcoin) spots.According to this databases The regulator’s amended Form S-1 filed with the US Securities and Exchange Commission (SEC) highlights VanEck Bitcoin Trust’s updates. A Bitcoin spot ETF consists of an investment vehicle [...]