Milk Road has acquired Bitcoin Price! Milk Road is the #1 crypto newsletter that is free and will make you smarter about crypto! | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $26,893 | Bitcoin price is slipping into the $26,000s today, as price appears to be struggling to hold onto support in its recent range. | Top-20 altcoins are down across the board as Ether drops 2%, BNB falls 2% and Cardano drops 3% over the last 24 hours. | Top Stories for May 11, 2022 🔥 | | The US Treasury and the Internal Revenue Service (IRS) have filed 45 claims worth $44 billion against bankrupt cryptocurrency exchange FTX and its subsidiaries. | The IRS assessed a balance of $20.4 billion against Alameda Research LLC in partnership and payroll taxes, while also making claims of $7.9 billion, $7.5 billion, and $2.0 billion against Alameda Research LLC and Alameda Research Holdings. | The claims were filed under "administrative priority," allowing them to supersede unsecured creditors during bankruptcy proceedings. | | Developers have deployed Uniswap's smart contracts onto the Bitcoin network to develop the decentralized finance (DeFi) ecosystem and capitalize on the rise of BRC-20 tokens. | The protocol, called Trustless Market, lets liquidity providers earn a 2% cut on all swaps conducted on the network and has attracted over 2,000 users, with daily volumes of $500,000. | | BlockFi customers are set to receive nearly $300 million after a bankruptcy judge ruled that assets held in the company's custodial wallets belong to clients, not the company. | However, the judge ruled against repaying $375 million in BlockFi's interest-bearing accounts. The ruling comes after a months-long dispute over customer wallets in the US Bankruptcy Court for the District of New Jersey. | | Today on Milk Road: This OG dev wants BTC NFTs dead, lowest inflation level in 2 years, Trademark Thursday, and everyone wants a piece of Uniswap. |
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