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FTX Reaches Settlement With IRS on $24 Billion Tax Claim


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...

Edward Snowden on NYSE Trading Halts: ‘Bitcoin Fixes This’


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...

Bitcoin Surpasses $70,000, Reaches Intraday High of $71,031


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...

States eye Bitcoin ETFs: Wisconsin leads the way


Wisconsin has recently made headlines by investing in Bitcoin ETFs, which could have significant nationwide implications for state-level investment strategies. Finance professor David Krause predicts this decision will set a precedent, encouraging other states to consider similar investments....

Polygon Labs Acquires Toposware to Enhance Zero-Knowledge Tech Capabilities


In a strategic move to bolster its zero-knowledge technology development, Polygon Labs has acquired Toposware, a zero-knowledge (ZK) engineering startup. The deal is aimed at integrating Toposware’s expertise with Polygon’s ongoing projects to advance the entire ZK community. Polygon...

American spot Bitcoin ETFs demonstrate positive market trend


Fidelity’s FBTC is the market leader, with inflows totaling $77 million. It is quite interesting to note that the spot Bitcoin exchange-traded funds have reported net inflows for the past fifteen days consecutively. Bitwise is the industry leader in net inflows, followed by Ark Invest and...

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