IRS claiming $44B from FTX bankruptcy: Report
The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research. Go to Source Powered by WPeMatico
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Milady NFT floor price surges after Elon Musk tweet
Floor prices for the anime profile picture collection hit a high of 7.8 ETH after Musk’s promotion. Go to Source Powered by WPeMatico
$176M of Do Kwon’s assets are frozen: Report
The frozen assets include an apartment complex, an officetel, several imported cars, and various financial assets. Go to Source Powered by WPeMatico
ParaSpace team clashes with CEO over alleged whereabouts of protocol funds
Protocol developers demand that CEO and CTO Yubo Ruan step down, while Ruan has accused the development team of an “illegal takeover.” Go to Source Powered by WPeMatico
Pepe sans crypto: Mods purge crypto from the original meme subreddit
After the explosion in popularity of the memecoin $PEPE, moderators on the original Pepe the Frog subreddit felt the pressure to lay down the law. Go to Source Powered by WPeMatico
Ethereum validators earn a record $46M as staking rewards rate surges
Ethereum’s staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible. Go to Source Powered by WPeMatico
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms. Crypto Hub Hong Kong Has No Intentions to Adopt ‘Light-Touch’ Regulations Hong … Read more
BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies. Go to Source Powered by WPeMatico
BRC-20 tokens surpass $1B market cap as wallet providers prepare integration
The growth in BRC-20 tokens comes just two months after the creation of the Bitcoin token fungibility protocol. Go to Source Powered by WPeMatico
Bankrupt crypto exchange QuadrigaCX to start ‘interim distribution’ of funds
Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors. Go to Source Powered by WPeMatico