Newsletter May 11, 2023
IRS Files 45 Tax Claims Worth $44 Billion Against Bankrupt FTX, Its Subsidiaries

As per the IRS investigation, bankrupt FTX failed to report more than $20 billion in cryptocurrency transactions between 2019 and 2022.


Elon Musk's Tweet Triggers Milady NFT's Price To Skyrocket, Boosts Sales By 500%

The massive surge in demand for the Milady NFT collection following Musk's tweet underlines the significant impact of high-profile individuals on the market, especially that of the Twitter CEO.


Coinbase Faces Customer Backlash After It Labels Pepe A 'Hate Symbol'

The statement has irked the Pepe meme coin community, with calls to boycott Coinbase trending on Twitter.

Leaked Memo To Democrat Committee Members Reportedly Highlights Instructions To Kill Crypto, BTC

The memo was circulated among Democrat committee members prior to the joint meeting between several U.S. House Committees, including House Financial Services Committee and House Agriculture Committee.

The Future Of The Metaverse And Its Impact On The Economy

The metaverse is still a new concept to many consumers and businesses, however, the internet and the omnipresence it allows the world, gives people the option to be in the metaverse in a variety of ways.

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