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FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation – Bitcoin News

boss Exchanges, News

On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total assets were found in FTX-related addresses, but only $694 million is considered “Category

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SEC chair issues warning to celebrities promoting crypto amid latest enforcement action

boss Exchanges, News

The United States Securities and Exchange Commission has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media.In a Feb. 17 announcement, the SEC said Pierce touted EthereumMax (EMAX) tokens through social media channels without disclosing he had received payment for

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BTC price cools on latest US data as Bitcoin liquidates $80M in shorts

boss Cryptocurrency Market, News

Bitcoin (BTC) trended toward $24,000 at the Feb. 16 Wall Street open after fresh macroeconomic data from the United States overshot estimates.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHot U.S. PPI data "rattles" marketsData from Cryptox Markets Pro and TradingView showed BTC/USD retracing some of its latest gains on the day, trading

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The SEC’s Latest Crackdown on Crypto Innovation – Op-Ed Bitcoin News

boss Exchanges, News

The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following opinion editorial was written by

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Crypto Markets Shrug Off Latest US Productivity, Jobs Data; Bitcoin’s Price Hovers at $22.9K

boss Bitcoin News, News

Equity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic

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