Tag: Set

SBF trial underway, Mashinsky trial set, Binance’s market share shrinks

coiner

Top Stories This Week Opening arguments begin in Sam Bankman-Fried trial The trial of former FTX CEO Sam “SBF” Bankman-Fried kicked off on Oct. 4 in New York after jury selection began the previous day. Assistant United States Attorney Thane Rehn told jurors that SBF used FTX customer funds to enrich himself and gain credibility among politicians through donations. “The defendant blamed a downturn in the crypto market. But he had committed fraud. That is what the evidence in this trial will show. You will hear from his inner circle.…

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Paxos’ $500K Bitcoin fee, FTX tokens sales set to begin, and more

coiner

Top Stories This Week Paxos confirms it’s responsible for paying a $500K Bitcoin transaction fee The Bitcoin miner who received 19.8 BTC in fees from blockchain infrastructure firm Paxos has returned the funds following Paxos’ claim that it made a mistake in paying over $500,000 in transfer fees. On Sept. 10, Paxos paid the six-figure fee to move $2,000, with the average network fee typically being around $2. The company later acknowledged the mistake, confirming the transfer came from its servers. Almost a day after Paxos’ claims, the Bitcoin miner…

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QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’

coiner

Creditors of the bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims as part of an “interim dividend.” According to a May 12 notice to creditors from QuadrigaCX’s bankruptcy trustee Ernst & Young (EY), each “creditor with a proven claim will receive 13.094156% of their proven claim less the levy amount payable to the Office of the Superintendent of Bankruptcy pursuant to the BIA.” “The interim dividend provides for a distribution of approximately 87.0% of the funds the Trustee is currently holding. The remaining funds…

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$48 Million Bitcoin Prius Set To Appear At Bitcoin 2023

coiner

Disclaimer: Bitcoin 2023 and Bitcoin Magazine are both operated by BTC Inc. The “Bitcoin Car,” a 2013 Toyota Prius that was purchased with 1,000 bitcoin, will be showcased at the upcoming Bitcoin 2023 conference in Miami Beach. The event will take place from May 18-20, during which the car will be on display. The auction of the Bitcoin Car, being conducted via Scarce.City, a Bitcoin auction site, began on May 10 and will conclude on May 20. The current owners of the car, Devin Konopa and Austin Craig, will be…

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