FTX, once a prominent figure in the cryptocurrency exchange market, is embroiled in a costly bankruptcy lawsuit. From August 1 to October 31, legal fees billed by bankruptcy attorneys and advisors handling FTX cases jumped to a whopping $118.1 million. This amount averages out to about $53,300 per hour, or The ratio reflects the complex nature of the proceedings and the high-profile status of the FTX case. Management consulting firm Alvarez and Marshall emerged as the top biller in this scenario, billing a whopping $35.8 million for its services over three months. Close behind was global law firm Sullivan &…
Author: Crypto Flexs
Read More
Community & educationAAvolution: Account Abstraction VillageAccount abstraction event held in Paris, covering topics such as the history of account abstraction, key catalysts to mass adoption, and the future of account abstraction wallets.Community & educationBundleBear0xKofiDatabase and dashboard providing transparent and verifiable insights into ERC-4337 users, operators, and activity.Community & educationCampus Developer WorkshopsETHAccraDeveloper workshops taught in universities across Ghana, covering blockchain and Ethereum basics, smart contract development, and web3 front-end and back-end development.Community & educationDevconnect İzmir Side EventBlockchain DEUMeetup held in İzmir, Türkiye to introduce attendees to Ethereum and the importance of layer 2 (L2) solutions.Community & educationDeveloper Onboarding Experience in Farsi…
In a recent filing, the US SEC stated that it is still considering whether these Ethereum ETFs should be listed. The U.S. Securities and Exchange Commission (SEC) announced that it is delaying decisions on several Ethereum (ETH) exchange-traded funds (ETFs) until May 2024. The SEC postponed its decision on Hashdex, according to a Dec. 18 regulatory filing. Nasdaq Ethereum ETF and Grayscale Ethereum Futures ETF. The Hashdex Ether ETF requires holding both spot Ether and futures contracts. Likewise, Grayscale’s Ethereum Futures ETF is a strategic move to potentially facilitate the conversion of Grayscale’s Ethereum Trust into a spot Ethereum ETF,…
Sports prediction accuracy reaches new heights with innovative AI betting platform RektBookie, a pioneer in AI-powered sports betting, is redefining the industry with groundbreaking technology. Since its launch in May 2023, the platform has not only captured the attention of sports enthusiasts but also set new standards for betting accuracy. Unparalleled accuracy in sports predictions Boasting an unrivaled 80% success rate on real match results, RektBookie is at the forefront of prediction technology. This impressive accuracy isn’t just about numbers. This is a promise of reliability and trust to our users. Improved through rigorous data analysis and machine learning, our…
Posted 1 minute ago In ~ The Securities and Exchange Commission has made more decisions on whether to approve or disapprove several proposed applications. Ethereum ETH +4.65% – Focus on ETFs.The agency said Monday it is “initiating proceedings” for the Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures Trust and is soliciting public input on whether the exchange-traded funds should be allowed to list, according to the filing. Late Monday, the SEC also delay Decision on VanEck Ethereum ETF ARK 21 weeks Ethereum ETF — Public comment requested.The SEC previously approved an ETF based on Ether futures, but not a…
Jumping into the world of cryptocurrency can feel like navigating a fast-flowing river. One of the most important things for investors right now is checking liquidity when choosing a cryptocurrency exchange. Liquidity is a factor that determines how quickly and efficiently an asset can be bought and sold at a stable price. But beyond individual exchanges, a bigger vessel is emerging: Bitcoin ETFs. As these funds enter the mainstream financial ecosystem, the big question is: Are Wall Street banks powering these innovative investment vehicles?Navigating the Sea of Cryptocurrency Trading: Why Liquidity MattersUnderstanding the liquidity of a cryptocurrency exchange is like…
Leading US spot Bitcoin (BTC) exchange-traded fund (ETF) applicants are amending their filings to comply with the cash redemption model required by securities regulators. Investment managers BlackRock and Cathie Wood’s ARK Invest have updated the S-1 registration statement for their spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).The S-1 Amendment filed on December 18 relates to the cash generation and redemption model for the proposed in-kind Bitcoin ETF, with BlackRock and ARK calling for cash rather than in-kind redemptions, meaning non-monetary payments such as BTC. Accept the repayment system.ARK’s registration statement implied that the ARK 21Shares Bitcoin…
The U.S. Securities and Exchange Commission (SEC) announced that it will postpone the review of various exchange-traded funds (ETFs) based on Ether (ETH) until May 2024. This is a big event for the cryptocurrency industry. There are several major exchange traded fund (ETF) offerings affected by this delay. These include the Grayscale Ethereum Futures ETF and the Hashdex Nasdaq Ethereum ETF. Delays and their impact A regulatory filing dated December 18 disclosed the SEC’s decision to extend review time for these exchange-traded funds (ETFs). The Hashdex Ether ETF, which seeks to hold both spot Ethereum and futures contracts, and Grayscale’s…
7RCC, an environmental investment company, applied to open a spot Bitcoin (BTC) ETF. 7RCC has filed an application with the Securities and Exchange Commission (SEC) to create an ETF centered on environmental, social, and governance (ESG) principles. 7RCC’s ETF aims to build a carbon-neutral investment option in the cryptocurrency market comprised of 80% BTC and 20% carbon credit futures. ETF creation began 18 months ago and is awaiting suitable market and regulatory conditions to submit the application. Cryptocurrency exchange Gemini offers custody of the fund’s BTC, providing investors with an integrated approach to digital assets and environmental sustainability. Industry analysts…
Ubisoft’s upcoming battler game Champions Tactics: Chronicles of Grimoria its sold out Free Warlords NFTs In Minutes—And You’ve Already Seen It Sales $2 million According to CryptoSlam data, within hours of public issuance.After a limited pre-sale to select fans, the pixelated profile picture-style Warlords were released in less than 20 minutes during the collection’s free period. public mint This happened on Monday at 4 PM ET.NFTs are currently traded on secondary markets such as: open sea As of this writing, they cost roughly $600 each, or about 0.27 ETH. Currently, only 7% of the 9,999 NFTs are listed for sale.…