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Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult circumstances.” New FTX CEO Outlines Priorities Cryptocurrency exchange FTX and approximately
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Place/Date: - October 24th, 2022 at 2:45 pm UTC · 3 min read Source: Chronocatz Photo: ChronocatzThe crypto market has seen the entry of several NFT-based projects since 2021. However, two artwork-based NFT projects – Moonbirds and Chronocatz – are in the
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A solution that builds on existing interbank settlement infrastructure, instead of one based entirely on DLT, can be implemented "more rapidly" according to ECB executive board member Fabio Panetta. Source
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Tass quoted Russia’s Deputy Finance Minister Alexey Moiseyev as saying, “We are currently working with a number of countries to create bilateral platforms in order not to use dollars and euros. We offer mutually acceptable tokenized instruments that will be used on these platforms, which are essentially clearing platforms that
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A United States think tank has launched a “technical sandbox” aimed at advancing the exploration of a potential United States central bank digital currency (CBDC).In a Wednesday Tweet from Digital Dollar Project (DDP), the organization said the new program would explore “technical and business implementation” questions revolving around a U.S.
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The China Energy Administration (CEA) will explore blockchain-based power trading platforms to facilitate electricity trading between self-contained power generation units and the state and national grids, according to a policy document released last Friday.see related article: The Bitcoin-energy connection intensifiesFast factsBlockchain technology’s immutable characteristic can provide transparent and reliable electricity metering
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These actions could include “pursuing strategic transactions” and “restructuring its liabilities” among other strategies, the company said. “These exhaustive explorations are complex and take time, but we want the community to know that our teams are working with experts from many different disciplines,” Celsius wrote. Original Source
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The Canadian operations of Big Four auditor Klynveld Peat Marwick Goerdeler, or KPMG, may have a role to play in institutions entering the crypto space, according to two team members.Speaking to Cointelegraph at the Collision conference in Toronto on Tuesday, Kareem Sadek and Kunal Bhasin of KPMG Canada’s crypto assets
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Terra’s implosion in mid-May and falling bitcoin prices affected the fund’s portfolio, its founders confirmed. Original Source
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