CRYPTO

Authored by Ciaran Lyons via CoinTelegraph.com,

Bitcoin remains in demand among Argentines as the ARS has lost fourfold value against the US dollar in the last year, dropping from 0.0049 USD per ARS in March 2023 to 0.0012 USD at present.

Argentines' efforts to preserve their savings amid the ongoing decline of their national currency, the Argentine peso (ARS), has resulted in the nation recent (more…)

Who holds the most bitcoins across publicly traded companies?

While Tesla is the most familiar name across the world’s largest corporate buyers, several companies have amassed far more bitcoin – leading their share prices to skyrocket in value last year. At the same time, the vast majority are found in North America, with the exception of Nexon, a Japanese-based video game publisher.

This graphic, via Visual Capitalist's Marcus Lu, shows the public companies that own the most (more…)

Authored by Martin Young via CoinTelegraph.com,

FTX restructuring officer and CEO John Ray III has slammed an attempt from Sam Bankman-Fried’s lawyers to reduce his sentence, arguing victims “have suffered and continue to suffer.” 

Ray wrote to Judge Lewis Kaplan on March 20 in a victim impact statement on behalf of FTX and its “millions of creditor victims” to “correct material misstatements and omissions in the sentencing submission” from Bankman-Fried.

The letter comes after Bankman-Fried’s lawyers argued on March 19 that the 40-to-50-year sentencing guide from United States government prosecutors was too harsh.

Ray argued that Bankman-Fried’s claims that FTX was solvent at bankruptcy and that no money was lost were “categorically, callously, and demonstrably false.”

Ray stated he has led an extensive team that has spent over a year “stewarding the estate from a metaphorical dumpster fire” to a company approaching a plan “that will return substantial value to creditors.”

Screenshot of letter from John Ray III to Judge Kaplan. Source: Courtlistener

Ray took over the embattled exchange in November 2022 and detailed the extensive work done by an army of lawyers to recover assets, cooperate with (more…)