FTX, decentralized mining, Binance vs. the Philippines, and the story of Bitcoin millionaire Charlie Shrem

Few spaces, if any, move faster than crypto, and in just 24 hours, there’s already so much to catch up on. FTX is set to sell $873 million of trust assets as part of its continued attempts to make creditors whole, Binance is in hot water with the Philippines SEC, and Twitter (now X) co-founder Jack Dorsey led a funding round for a company looking to decentralize the Bitcoin mining process. And finally, we have the fascinating story of Charlie Shrem, a man who went from a basement to the cover of Forbes — and then to prison!

Further reading:

• FTX given the green light to sell $873 million of trust assets to pay creditors
• Jack Dorsey leads a funding round for a company decentralizing Bitcoin mining
• The Philippines SEC says Binance is operating without a license
• U.K. tax authority issues warning for crypto holders
• The fascinating and turbulent story of Bitcoin millionaire, Charlie Shrem

References:
Crypto Stories YouTube Playlist
How to manage crypto losses on tax returns in the US, UK and Canada

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