The 3rd Circuit Court of Appeals in Philadelphia ruled Friday that FTX must be investigated by an independent investigator. The U.S. trustee overseeing FTX’s bankruptcy previously requested an investigation, but FTX’s current CEO objected and the Delaware bankruptcy judge overseeing the process rejected it. On Friday, the decision was remanded. An investigation by current CEO John Ray III alone is not enough, and an independent investigation could shed new light on cryptocurrency industry practices, one of the appellate judges wrote in a precedent opinion.Judge Luis Felipe Restrepo wrote that the examiner must not be an interested party or involved with…
Author: Crypto Flexs
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Bitcoin (BTC) has upended the financial systems of many countries since its inception. It has become a digital stepping stone for free and anonymous transactions and transactions. It has its fair share of ridges and troughs. The bursting of the cryptocurrency market bubble was just one of many instances that raised doubts among skeptics, but did not stop Bitcoin from evolving and expanding. It has dominated the cryptocurrency market over the past decade, paving the way for more coins to enter. During the first half of 2021, the price of Bitcoin rose dramatically, surpassing $60,000. The pace of increase slowed…
Welcome to our first newsletter of 2024, which promises to be a thrilling journey for everyone in the cryptocurrency community. As we enter the new year, we’re excited to bring you the latest updates from across the cryptocurrency industry, insightful analysis of the evolving cryptocurrency payments landscape, and the latest developments in BitPay’s product offerings.On this issue: Bitpay in the newsCheck out the latest news from BitPay this month.industry newsRead news from across the blockchain industry.SEC approves spot Bitcoin ETF: The U.S. Securities and Exchange Commission (SEC) has approved the launch of a spot Bitcoin ETF, which is expected to…
Are you looking for a new way to manage your finances and revolutionize the way you manage your money? GuerillaCoin may be the solution you have been looking for. This innovative cryptocurrency has the power to change the way you think about money and give you ultimate financial freedom. In this guide, we’ll explore the potential of GuerillaCoin and how it can help you take charge of your financial future. What is GuerrillaCoin? GuerillaCoin is a decentralized cryptocurrency that allows peer-to-peer transactions without a central authority. This means you can send and receive payments without any interference from banks or…
A cryptocurrency trader is making the rounds on social media after making over $6 million in profits on the Ethereum blockchain. This incredible trade took place in less than a day, resulting in a profit of almost 600% on whale trading. So how did they do this? Crypto Trader Earns $6.7 Million in 3 Hours According to Lookonchain, an on-chain data tracker, a single wallet earned nearly $7 million in its final days from a particularly hyped launch. The Satoshi VM project, a layer 2 network for the Bitcoin blockchain, launched to much fanfare on Thursday, with support from some…
The initial distribution of cryptocurrencies like XRP has always been a hot topic for investors in the cryptocurrency community. In many cases, the discussion begins with the fact that investors believe there was foul play at Genesis where some people received an unfair share of the token supply. The latest coin to come under scrutiny is the XRP token, with community members asking questions about some of the events that occurred on Genesis. As a result, Ripple CTO David Schwartz took it upon himself to clarify these issues. What happened to the Genesis Block? David Schwartz first drew criticism from…
As a trader at Platinum Crypto Academy, I have been closely following the dynamic changes in the cryptocurrency markets and two developments in particular have caught my attention. That’s the potential approval of a Bitcoin ETF and the evolving Polkadot (DOT) ecosystem. These two factors are becoming major game-changers in the cryptocurrency world. Starting with the Bitcoin ETF, market expectations are clear. Industry leaders like Cathie Wood are optimistic about the approval of Bitcoin ETF, which has been a decade in the making. The SEC’s detailed and technical examination of these ETFs suggests they are nearing a decision point. The…
A team of Vietnamese scientists including Trinh Hoang Trieu, Luong Minh Thang and Le Viet Quoc developed an AI mathematical model called AlphaGeometry. The model not only matches but surpasses the problem-solving abilities of human bronze medalists at the International Mathematical Olympiad (IMO). The groundbreaking performance of AlphaGeometry AlphaGeometry has proven its remarkable ability by solving 25 out of 30 geometry problems presented to the IMO between 2000 and 2022. This performance is especially significant when compared to the famous geometric theorem provers of the 1970s, who solved only 10 problems and even exceeded the average achievement. It is an…
Crypto analytics firm Santiment reports that three of the largest cryptocurrency networks by market capitalization are currently monetizing more than 80% of existing supply. The Total Profit Supply indicator measures the percentage of coins that are currently making a profit compared to the last time they moved, and is sometimes correlated with price trends. According to Santiment, Bitcoin (BTC), Ethereum (ETH), and . region. st tly Called The asset last reached this level in March 2022. “Bitcoin (83%), Ethereum (84%), and “I’m doing it.” Source: Santiment/X Santiment said cryptocurrency prices could still rise due to positive developments in the industry,…
Binance, the world’s leading digital asset exchange, has shown resilience and growth following its recent settlement with US regulators. This settlement, which addresses allegations of money laundering and sanctions evasion, was a significant moment for Binance. Since the agreement was reached on November 21, Binance has seen a surge in net inflows amounting to approximately $4.6 billion. This data, revealed in a post on X by Satoshi Club, shows the platform’s resilience despite these challenges. 📊 Despite recent legal issues and leadership changes, @Binance It recorded net inflows of $4.6 billion following an agreement with U.S. agencies in November. In…