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Bitcoin crossed above $31,000 on April 14, hitting the highest since June 2022, per CryptoX data. Since then, the cryptocurrency's price has dropped by 12% to $27,500, while Nasdaq has risen by over 2% since mid-April. The Nasdaq-to-S&P 500 ratio, which bitcoin has closely followed in the past, has also
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I never would have thought Vitalik could have become quite the icon that he is today. Or that Katie Haun would be one of the most successful VCs of all time. Or even that Arthur Hays would have this redemption narrative. For most people I think it would have been
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As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860
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This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX’s and Alameda Research’s cache. However, the disclosure to unsecured creditors does
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Former FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a ‘pre-mortem overview’ of the crypto exchange’s insolvency.In a Jan. 12 post on Substack, Bankman-Fried — differentiating between companies under the FTX umbrella — claimed FTX US had been “fully solvent” at the time the firm filed
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