Saturday, April 12, 2025
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FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange – Bitcoin News

FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30

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Stablecoin less preferable form of tokenized money, BIS paper finds

The singleness of money is the assurance that public and private money trade at the same rates. Even small differences between public and private money rates can have a ripple effect across transactions. A Bank of International Settlements (BIS) working paper compared models of private tokenized money in terms of

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OpenAI finds fresh support from Japan amid global country-wide bans

Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the company.Chief Cabinet Secretary Hirokazu Matsuno stated on Monday that Japan will contemplate incorporating artificial intelligence (AI) technology, such as OpenAI's ChatGPT chatbot, into government systems provided that privacy and cybersecurity issues are

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Arbitrum token finds its way to OTC market before airdrop

The Arbitrum community is speculating and selling off their unreleased ARB tokens in over-the-counter (OTC) markets following the Arbitrum airdrop announcement. The Arbitrum Foundation announced that ARB — Arbritrum’s new token — would be airdropped to eligible community members on Thursday, March 23. It explained that ARB marks Arbitrum’s official transition

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IMF examines CBDC design in context of Islamic banking, finds some risks magnified

A central bank digital currency (CBDC) can impact monetary policy by increasing money velocity, disintermediation, volatility of bank reserves, currency substitution and altered capital flows, even when it is not designed to do so, according to a study published by the International Monetary Fund. The unintended impact of a CBDC

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Blur Reportedly Finds Loophole in OpenSea’s Blocklist as Marketplace War Escalates

Blur, which debuted in October 2022, landed itself on the map for being a no-fee marketplace geared toward professional NFT traders. In one of its first days, it raked in about 1,160 ETH in trading volume, or over $1.8 million. It soared past competitor marketplaces such as SudoSwap and LooksRare,

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Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius

Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices.Pillay is a former federal prosecutor and partner at law firm Jenner & Block.

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