Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority claim, payable only if funds are available after satisfying…
Austrian crypto broker Bitpanda has expanded its partnership with Deutsche Bank to implement real-time payment solutions for user transactions in Germany. Through an API integration, Bitpanda will gain access to German IBAN accounts, streamlining the deposit and withdrawal process for German users. Bitpanda’s German IBAN Integration International Bank Account Numbers (IBANs) are internationally agreed codes…
Chamath Palihapitiya, the founder and CEO of Social Capital, a venture capital firm, has explained how bitcoin could reach $500,000 or even higher price levels in the coming months. During a podcast, Chamath clarified that considering the price performance in the previous halving cycles, bitcoin could reach that level pushed by the adoption of countries…
TLDR Blueberry Protocol raises $2.5M in Series A funding led by White Star Capital Blueberry provides decentralized access to generalized leverage for DeFi on Ethereum The protocol offers enhanced opportunities through advanced risk management and higher leverage The funding will be used for team expansion and increased security budget Blueberry is offering early access to…
Bitcoin is already entering the latter part of its S-curve adoption cycle, leading to less volatility for the asset than old investors may be used to, according to Fidelity’s Director of Global Macro Jurrien Timmer. During an interview published on Tuesday, the macro analyst explained how he believes Bitcoin will size up next to gold,…
On Monday, the New York Stock Exchange (NYSE) encountered a series of unexpected trading halts affecting stocks such as Chipotle and Berkshire Hathaway. Berkshire shares plummeted 99.7%, while Chipotle’s stock fell 66%. In response to the event, renowned whistleblower Edward Snowden took to social media, asserting that “bitcoin fixes this.” NYSE Disruptions Trigger Stock Falls;…
TLDR FTX has reached a tentative settlement with the IRS to resolve a $24 billion tax claim for a significantly lower amount. Under the settlement, the IRS will receive a $200 million priority claim to be paid within 60 days of FTX’s restructuring plan going into effect. The IRS will also receive a $685 million…
TLDR Bitcoin’s price has risen above $71,000, marking its highest point since April’s halving event and continuing a 10% climb over the past 30 days. Bitcoin-based meme coins like ORDI, DOG, and PUPS have seen significant price surges, with ORDI up 33% in the past week and DOG more than doubling in price. The collective…
The price of bitcoin (BTC) climbed above the $70,000 mark on Tuesday, hitting an intraday peak of $71,031 on Bitstamp. This marks a nearly 3% increase over the past day, adding approximately $1,891 in value since the 24-hour low. Bitcoin’s Price Stabilizes Above $70,000 Bitcoin remains steady above $70,000 at 1:05 p.m. EDT on June…
[PRESS RELEASE – Abu Dhabi, UAE, June 4th, 2024] Solnarize is thrilled to announce that the presale of it’s $SRIZE tokens will commence on Friday, June 7th, 2024. This presale provides early participants the chance to engage with a project that combines innovative meme culture with the mission of promoting clean energy before listing on…