FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Day's Bankruptcy Work
The more than 151 staff assigned to the case worked a combined 6,500 hours in November looking at legal disputes, hacks, and corporate governance. Source
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Work
What are phygital NFTs, and how do they work?
On top of the community experience, phygital NFTs also help build traceability into a product that is being sold to a customer. The history of the product and its providence can add credibility and commercial value to a physical good. Community experience is just one big use case of
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UK to Start Further Development Work on ‘Likely Needed’ Digital Pound
The U.K.’s Bank of England will start research and development on a digital pound which it and the Treasury think will likely be needed in the future, in a consultation expected to be introduced on Tuesday. Source
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What is crypto tax-loss harvesting, and how does it work?
Crypto tax planning can help optimize taxes by identifying opportunities to minimize tax liability on cryptocurrency transactions. For instance, donating cryptocurrency to a charitable organization can provide a tax deduction and also avoid capital gains tax on the donated assets.Crypto tax-loss harvesting is another strategy that cryptocurrency investors use to
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What is Solend and how does it work
Solend is a decentralized lending and borrowing protocol built on Solana. It is lauded for expanding the methods available for Solana users to boost financial gains. Filling a large gap in the Solana ecosystem, Solend drew a staggering $100 million in deposits in just over a month post-launch.Related: DeFi lending
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What are reflection tokens, and how do they work?
Arguably the most dynamic segment within the crypto ecosystem, decentralized finance (DeFi) projects have been revolutionizing how cryptocurrency investors can employ their tokens to access capital and even earn additional income on their crypto holdings. However, using DeFi products such as yield farming, liquidity mining and staking pools can often
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What is the Bitcoin Loophole, and how does it work?
Bitcoin Loophole facilitates Bitcoin (BTC) trading through automated crypto trading software. It uses trading bots to help users make financially sound decisions in the crypto markets to make large chunks of profits. Cryptocurrency trading has gone mainstream, with traders making large sums of money in the market. Bitcoin Loophole takes
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What is ShibaSwap and how does it work?
ShibaSwap is a DeFi platform featuring decentralized exchange (DEX) and passive income-generating services like staking, liquidity pools, and yield farming in its ecosystem.Launched in July 2021, ShibaSwap is a fork of SushiSwap, a popular DEX tweaked from Uniswap (UNI), the world's leading DEX by volume. But unlike its rivals, ShibaSwap's
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Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report
Russia’s central bank is reportedly set to begin developing a cross-border settlement system using its Central Bank Digital Currency (CBDC) amid ongoing sanctions in response to its invasion of Ukraine.The plans to move forward with Russia’s digital ruble are expected to come in the first quarter of 2023 and will
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What is Swan Bitcoin and how does it work?
When someone wants to buy Bitcoin (BTC), they usually take the route of a cryptocurrency exchange. Newbies may buy BTC on just any exchange they come across, while those with some sort of experience may opt for a reputable one. The exercise though bears little fruit as most exchanges function
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