The FTX Recovery Trust has commenced a second round of payouts, distributing $5 billion to creditors. This news raises questions about the potential impact on the broader crypto market.
Tag: Business
NYC Comptroller Rejects Bitcoin-Backed Bond Proposal: A Setback for Crypto Adoption?
New York City Comptroller Brad Lander has rejected Mayor Eric Adams’s proposal to issue a Bitcoin-backed “Bitbond,” citing financial risks and undermining investor confidence. What does this mean for the future of crypto in NYC?
BitMEX Exposes Security Lapses in Lazarus Group Operations: What It Means for Crypto Security
BitMEX’s security team uncovered operational security flaws within the Lazarus Group, a North Korean cybercrime network, revealing IP addresses and database access. Here’s the potential impact on the crypto market.
Max Keiser Questions Staying Power of New Bitcoin Treasury Companies
Bitcoin maximalist Max Keiser casts doubt on the resilience of newer Bitcoin treasury companies compared to MicroStrategy, particularly their ability to withstand a prolonged bear market.
Crypto News Today: SEC Flags Staking ETFs, IMF Questions Pakistan’s Bitcoin Mining Plan, BlackRock ETF Sees Outflow
A quick recap of today’s top crypto news: SEC concerns over REX-Osprey staking ETFs, IMF scrutiny of Pakistan’s Bitcoin mining initiative, and a record outflow for BlackRock’s Bitcoin ETF. Stay informed about the events shaping the crypto market.