Restructuring • June 4, 2024, 2:16 PM EDT Posted 1 minute ago In ~ FTX Trading Ltd, the legal name of Sam Bankman-Fried’s collapsed cryptocurrency exchange FTX, is seeking to significantly reduce its tax liabilities to the US Internal Revenue Service.The move is another part of a months-long saga between the embattled exchange and the state tax collection agency. FTX aims to pay $200 million in priority tax claims and $685 million in subordinate tax claims to the IRS, according to legal documents filed June 3.FTX debtors, who were in control of the company during the bankruptcy, claim the IRS…
Author: Crypto Flexs
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On June 2, Shibarium team member and developer DaVinci issued a warning to the Shibarium community about malicious activity on the network that led to the launch of fake TREAT tokens.DaVinci warned investors, speculators, and the Shibarium community that the token named after the actual token, which the Shibarium team is still developing, has not been officially launched. DaVinci has made it clear that any TREAT listing has nothing to do with the official development of Shibarium.Shibarium developers explained that malicious actors used the official shib.io address in online posts to give legitimacy to fake tokens.A warning to the da…
As cryptocurrencies continue to gain global attention, the sector is witnessing varying levels of innovation and regulatory challenges. Uniswap is under legal scrutiny from the SEC, while Ondo Finance is celebrating a new leap forward thanks to recent regulatory approval. Amid these developments, BlockDAG has distinguished itself with notable pre-sale success and technological advancements that could redefine the efficiency and accessibility of blockchain technology. BlockDAG: Driving Cryptocurrency Innovation BlockDAG is making significant progress in the cryptocurrency space with its cutting-edge technology and impressive pre-sale performance. The project raised more than $41.6 million, reflecting strong investor confidence. The recent keynote, dramatically…
With the advent of blockchain technology, the tokenization of real-world assets (RWAs) has emerged as a highly promising investment opportunity. This approach addresses the limitations of traditional investment options by offering fractional ownership, accessibility, and liquidity. TVVIN, a platform that empowers investors to engage with RWAs through tokenization, is leading the charge in this transformative trend. By leveraging blockchain’s transparency and security, TVVIN aims to democratise investment and release the full potential of RWAs. With this guide, you will learn the concept of RWA tokenization, the limitations of traditional investment avenues, the functionalities of the TVVIN platform, and the advantages…
According to Galaxy Digital, Memecoin has solidified its position as a cornerstone of the crypto economy despite skepticism about its technological innovation and value. Although some blockchain developers argue that memecoins overshadow more serious technological developments, the viral nature of memecoins has allowed them to spread throughout the market and accumulate significant value. Memes and expressions over time Historically, memes have been central to human culture, evolving along with social, cultural, and technological changes. From ancient cave paintings to modern internet memes, these symbols and ideas have continually adapted to new media. The expansion of…
Being a pirate was a risky business. According to most historians, the best a pirate could hope for was the two years before he succumbed to disease, injury, or execution. But at least they had a retirement plan. It was a one-way ticket to Davy Jones’ locker and a free burial at sea. Try it out by becoming a real pirate and forget about the possibility of getting injured on the job. cannonball cash slot from red tiger gaming. A ship needs a crew Cannonball Cash slot utilizes a cascading reel feature that removes symbols associated with winning combinations, allowing…
After the halving, Bitcoin (BTC) miners will be under pressure as rewards dwindle and costs soar. Can innovative strategies and market dynamics help you remain profitable? Bitcoin halving is an event built into the Bitcoin protocol that occurs approximately every four years. This results in a reduction in the rewards miners receive for adding new blocks to the blockchain. The latest halving, which occurred in April 2024, reduced the block reward from 6.25 BTC to 3.125 BTC. This event, which is central to the deflationary nature of Bitcoin, will impact the supply of new Bitcoin and impact the Bitcoin mining…
Avail, a spin-off company from Ethereum layer-2 solution Polygon, has secured $43 million in a Series A funding round to develop an integration layer that addresses scalability issues and fragmentation within the Web3 ecosystem, the company said in a June 4 statement. Yes. CryptoSlate.This round brings Avail’s total funding to $75 million, including the previous $32 million raised during the pre-seed period.Famous venture capital companies such as Founders Fund, Dragonfly Capital, and Cyber Fund participated in the Series A funding.Avail co-founder Anurag Arjun said the funding will allow the company to “continue to address the most critical issues facing Web3…
On June 3, Berkshire Hathaway’s stock, BRK.A, suffered a dramatic and brief decline due to a technical glitch on the New York Stock Exchange (NYSE). The glitch appeared to cause Berkshire stock to fall nearly 100%, and the NYSE halted trading in several high-profile stocks to address the issue.This price chart shows the price of BRK.A plummeting due to a technical glitch. Source: Walter Demeer from XAs trading neared the close, the NYSE announced that it would immediately cancel erroneous trades resulting from previous technical glitches. Nonetheless, this entire episode has drawn the market’s attention to Berkshire Hathaway’s aggregate underperformance…
Solana has dethroned Ethereum as the best memecoin launchpad. In May, memecoins surged on Solana with nearly 500,000 released. One website was the main driving force behind Solana’s token boom. Memecoin is once again in the spotlight, attracting the attention of traders and developers alike looking to capitalize on this trend. Solana is one of the best chains to benefit from due to its low fees and ease of use. Most recently, the chain overtook Ethereum in terms of the number of tokens created on the chain. Notably, in May, users minted nearly 500,000 tokens on the Solana chain. This…