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TOP NEWS | On today’s Daily Signal Top News, we break down:
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The draft FTX bankruptcy plan is being lauded for paying out more—in dollar terms—to creditors than expected. But it’s at the cost of customers who hold the most valuable assets on the exchange.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Thomas Braziel, managing partner at 117 Partners, dives into the draft FTX bankruptcy plan, which was praised for paying out at more than 100% in dollar terms, but has several intricacies that are drawing criticisms from creditors—including a group that is urging creditors to vote not.
The episode delves into the nuances of the proposed payout, explaining how the estate was able to pay back more than 100% of the dollar value of the claims, why some creditors are being pitted against each other, and why it might get approved even “over the kicking and screaming” of some creditors.
Braziel gives his insights into the rapid formation of this plan, the controversial role of Sullivan and Cromwell, and the logistical challenges posed by what may end up being paper check payouts.
Show highlights:
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Guest |
Links |
Creditors plan:
Dollarization:
Criticism of the plan:
Taxes:
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.
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By Martha Sprackland
What would happen if you built an almost-perfect world, limited in terms only of space? How would people react -- could you create a utopian society? These are the questions John Bumpass Calhoun asked himself during his career as an ethologist, which led him to create tiny 'universes' for rodents... only to find that, time and time again, these perfect civilizations collapsed. Join Ben, Matt and Noel as they delve into the parable of Universe 25 and behavioral sinks.
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Human Rights Watch says ethnic cleansing has taken place in El Geneina against the Massalit and non-Arab residents. What's the evidence?
Also, after more than three billion doses, the Oxford-AstraZeneca Covid vaccine won't be manufactured anymore. Why is that, and how will this affect future vaccine uptake in Africa?
And we explore attitudes to twins from Igbo Bora, a small rural community in southwest Nigeria which has an extraordinarily high number of them!
Presenter: Audrey Brown Producers: Bella Hassan, Victor Sylver, Charles Gitonga and Rob Wilson Senior Producer: Karnie harp Technical Producer: Jonathan Greer Editors: Alice Muthengi and Andre Lombard
Bitcoin experienced its first difficulty adjustment after the Bitcoin halving, giving some breathing room to much belabored Bitcoin miners.
Follow along on your favorite podcast player of choice by clicking here.
In this week’s Mining Pod, Will and Matt dig into Bitcoin and Bitcoin mining news including: difficulty dropping 5.5%, Arkansas putting restrictions around Bitcoin mining and large Bitcoin miners pivoting into artificial intelligence (AI) infrastructure.
Chapters |
00:00:00 Start
00:02:07 Hashrate go down
00:06:35 Texas grid spikes
00:10:57 Canaan Avalon A15
00:17:26 Arkansas hates noise & communists
00:25:01 Miners pivot to AI infrastructure
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
👉 Check out Bitcoin Season 2 and The Gwart Show.
👉 Watch our newest documentary, The Big Empty!
👉 Watch our livestream on Samourai Wallet!
Follow our host on Twitter, @wsfoxley.
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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!
"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz.
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