Altcoin News by Thebittimes.Com

This year has been nothing if not interesting for the world’s premier cryptocurrency, Bitcoin (BTC).  Along with massive price movements in the crypto market which saw BTC gain tens of thousands of dollars within months and hit a new all-time-high above $73,000, there have also been other major developments. Early January saw the approval of the first-ever spot BTC exchange-traded funds (ETFs) in the U.S. and the subsequent brief but brutal crypto market wipe, as well as a massive sector-wide rally in later months. Picks for you AI predicts Solana price for end of 2024 44 mins ago Here's how much Andrew Tate made in last crypto bull run 2 hours ago Dogwifhat explodes 30% after this Elon Musk post 22 hours ago Crypto trader makes $1 million in minutes trading new Solana meme coin 22 hours ago Bitcoin is set to reach yet another milestone in just over a month in the form of the upcoming halving event. Given the previous halving s’ tend...

Image source: Reuters The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently t asked with the exchange's investigation, citing potential conflicts of interest.   In a recent legal filing, the US Trustee said it is objecting to the FTX decision due to two "overarching" reasons. In the first place, the law firm's disclosures are not wholly sufficient to "evaluate whether S&C satisfies the Bankruptcy Code’s conflict-free and disinterestedness standards," the DOJ said. Furthermore, there might be a conflict of interest given that Ryne Miller, general counsel of FTX US, previously worked at S&C for eight years. The DOJ said the investigation would place the law firm "in the conflicted position of investigating itself and its former partner." "Second, the scope of S&C’s retention cannot be allowed as proposed," the complaint added, detailing that bankruptcy rules ...