A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.
Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China’s stocks makes this a strategic move, one observer said.
Polymarket bettors and the broader crypto community widely consider cryptographer Sassaman to be “revealed” as Bitcoin’s creator in an anticipated HBO documentary.
The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.