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FTX debtors will assess values of crypto claims based on petition date market prices
In a revised Chapter 11 plan of reorganization, FTX debtors state that crypto claims by customers will be assessed using a conversion table, with valuation based on the petition date.…
BlackRock revises BTC ETF filing, El Salvador’s crypto citizenship trending, and more: Hodler’s Digest, Dec. 10-16
BlackRock updates its Bitcoin ETF application to enable banks, demand for El Salvador’s crypto-linked citizenship, and Sam Bankman-Fried’s attorney interview. BlackRock has revised its spot Bitcoin exchange-traded fund (ETF) application…
NFT Trader hacked, millions of dollars in NFT stolen
At least 13 Mutant Ape Yacht Club and 37 Bored Ape tokens were stolen, along with VeeFriends and World of Women tokens. The losses amount to almost $3 million. Peer-to-peer…
Tether responds to US lawmakers’ calls for DOJ action
Tether has reacted to lawmakers’ requests for DOJ action over its stablecoin use, claiming it wants to be a “world class partner to the U.S.” Tether, the company behind the…
Who is Javier Milei, Argentina’s market-friendly president?
Javier Milei, also known as “El Loco,” has proposed dissolving Argentina’s central bank and envisions a society in which contracts will replace governments. Argentina welcomed a new president on Dec.…
Vesting in crypto, explained
Vesting in crypto refers to the scheduled release of tokens or assets over a predetermined period, often used to incentivize holders. The process of locking down cryptocurrency tokens or coins…
SEC faces accusations of contradiction in Coinbase rulemaking dispute
XRP holder’s lawyer, John Deaton, stated that the SEC’s stance in the Coinbase rulemaking dispute directly opposes the SEC Chairman’s statements during his congressional testimony earlier this year. In the…
Ripple exec predicts crypto landscape shifts in 2024
Stuart Alderoty predicts the possible resolution of Ripple’s SEC lawsuit and U.S. lawmakers agreeing on the need for crypto regulations. Ripple chief legal officer Stuart Alderoty has shared insights on…
Grayscale mulls over potential tax implications for spot Bitcoin ETFs
The asset management firm declares that the Grayscale Bitcoin Trust (GBTC) falls under the grantor trust structure for tax considerations. Grayscale is evaluating the possible tax consequences associated with spot…
US dollar hits 4-month low as Bitcoin trader predicts 10% drop to come
Bitcoin stands to enjoy further relief if its standard relationship to DXY weakness holds firm as the dollar shrinks on Fed “pivot” bets. Bitcoin (BTC) may enjoy a familiar tailwind…
Brazil signs overseas crypto tax bill into law
Under the new rules, Brazilian citizens will pay the state up to 15% of their crypto profits. The President of Brazil, Luis Inácio Lula da Silva, has signed a law…