US trustee challenges FTX reorganization plan, citing legal concerns

Chia Network has raised $61 million in funding from leading tech investors including Andreesen Horowitz and Naval Ravikant for its supposedly eco-friendly crypto network. 14171 Total views 7 Total shares Blockchain startup “Chia Network” has raised $61 million in a funding round which included investment from top venture capital firms Andreessen Horowitz and Richmond Global…

"There are many reasons why the price of Bitcoin can rise or fall, but S2F is not one of them”, contends report author. 1064 Total views 13 Total shares A report authored by the research team of ByteTree purports to debunk one of the most popular Bitcoin (BTC) valuation models — Stock-to-Flow. The model provides…

India’s central bank, the Reserve Bank of India’s (RBI), has confirmed the creation of an inter-departmental group tasked with analyzing the feasibility of issuing a rupee-backed central bank digital currency (CBDC), the Economics Times reports August 30.The group’s establishment and focus was detailed in the bank’s Annual Report 2017-18, confirming earlier details that followed a…

Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank credit issuance.In a speech delivered to the London School of Economics on Feb. 28, Cunliffe predicted that the integration of stablecoins on…

The Port of Rotterdam, along with global shipping giants, launches blockchain pilot to improve container handling’s safety and efficiency. 1009 Total views 20 Total shares The Port of Rotterdam in the Netherlands has launched a blockchain-based pilot with some of the world's leading shipping companies to improve the safety and efficiency of millions of containers…

Jerome Powell says Congress should agree further fiscal stimulus as U.S. public debt tops $27.2 trillion. 1164 Total views 14 Total shares The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing.In a tweet on Nov. 6, Tyler Winklevoss, co-founder of exchange Gemini, said that Powell’s…

Countering some of SBF's claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run. 613 Total views 5 Total shares Own this piece of crypto history Collect this article as NFTJohn Ray, who took over as CEO of crypto exchange…

Despite a surge in Ether gas prices in May, NFT marketplaces only accounted for 3% of the entire Ethereum gas consumption. 163 Total views 2 Total shares Ethereum gas consumption by nonfungible tokens (NFTs) has dropped significantly since its high in 2021. NFT marketplaces and projects that occupied top spots in gas consumption at the time…

Bitcoin (BTC) finished the month of November with a decline of about 7%. This was in sharp contrast to the prediction of the “worst-case scenario” of $98,000 by PlanB, the creator of the popular stock-to-flow model. Although the analyst described it as a “big miss”, he said he would give the Floor model one more…