FTX Reaches Settlement With IRS on $24 Billion Tax Claim

Share This Post

News BytesCrypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority claim, payable only if funds are available after satisfying […]

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Dogecoin Analyst Expects A ‘Multi-Year Bullish Breakout’ – 200% Surge Potential

Dogecoin is trading critically, and investors are paying attention as this could shape next week’s price action After several weeks of volatile market movements marked by sharp ups and downs,

Google Trends Shows Soaring Interest in Satoshi Nakamoto Ahead of HBO’s ‘Money Electric’

On Wednesday, Oct 9, 2024, HBO is set to premiere a documentary titled “Money Electric,” which reportedly claims to unveil the identity of Bitcoin’s mysterious creator, Satoshi Nakamoto

Texas town Rockdale’s Mayor credits Bitcoin for economic turnaround

Ward Roddam, the Mayor of Rockdale, Texas, has highlighted Bitcoin’s crucial role in revitalizing the town’s economy In an Oct 7 op-ed, Roddam explained that the world is nearing a new

Is Bitcoin (BTC) Demand Rising? More Investors Dive Into Leveraged Trades

Bitcoin has been navigating a turbulent landscape of volatility and erratic price action since the Federal Reserve announced an interest rate cut 20 days ago This pivotal moment has left analysts and

Crypto Analyst Predicts Hedera (HBAR) To Skyrocket 2900% This Bull Run

Crypto analyst Egrag has once again shared a bullish analysis of Hedera Hashgraph (HBAR), predicting a potential 30x increase (2,900%) His latest chart analysis (HBAR/USD) presents a view where HBAR

Bitcoin Hashrate Inches Closer to Record as Difficulty Rise Looms

Bitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept 8 At present, it’s cruising just shy of that record, clocking in at 680