Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Bankrupt crypto exchange FTX has reached a settlement with the United States Internal Revenue Service (IRS) on an outstanding tax bill. One of GameStop’s most prominent short sellers has accused Roaring Kitty of market manipulation. Meanwhile, BlackRock and Fidelity’s spot Bitcoin ETFs currently account for a large portion of the firms’ total ETF inflows this year.
Crypto exchange FTX has reached a $200 million settlement with the IRS on outstanding taxes, removing a major hurdle from the bankruptcy process.
Based on the June 3 filing, FTX and the IRS agreed to settle a $24 billion tax dispute, pending court approval Initially, the IRS claimed that FTX owed the government more than $44 billion in taxes.