The US Department of Energy (DOE) has agreed to temporarily suspend its mandatory survey of cryptocurrency miner energy use following a lawsuit by prominent miner Riot Blockchain and an industry group. The Energy Information Administration, the DOE’s statistical arm, will halt its survey and sequester the data received after initiating data collection from bitcoin miners earlier this month.
The legal battle between Binance and the U.S. Securities and Exchange Commission (SEC) heated up during a four-hour oral argument session in Washington District Court. Both sides presented their cases before Judge Amy Berman Jackson, with notable moments of tension and frustration emerging.
Tensions flared in the FTX bankruptcy saga as creditors vehemently challenged the exchange’s proposed method for valuing customers’ digital assets. A December 27 court filing revealed FTX seeking approval to base claims on frozen prices from November 11, 2022, the day of its collapse. This translates to estimates of $16,871 for Bitcoin, just half its current value, and similarly underwhelming figures for Ethereum, Solana, and Avalanche.