FTX's Recovery of $7.3B in Assets Prompts Consideration of Exchange Relaunch
According to the legal team representing the debtors of Sam Bankman-Fried's defunct cryptocurrency exchange, there are indications that FTX may be contemplating the possibility of resuming its operations at some point in the future. The exchange filed for bankruptcy in November 2022 and has faced legal challenges ever since.
Elon Musk Buys Thousands of GPUs for AI Project on Twitter
According to anonymous insiders, Elon Musk has purchased roughly 10,000 graphics processing units to advance his AI projects at Twitter. Despite leading a letter calling for a temporary halt to AI development over societal concerns, the CEO of SpaceX, Tesla, and Twitter seems to be progressing with his plans to build AI infrastructure.
Argentina's Regulatory Authority Approves Bitcoin Futures Index
In May, the Matba Rofex exchange will launch the first regulated Bitcoin futures index in Latin America after receiving approval from Argentina's securities regulator. However, this approval comes at a time when Argentina's central bank has warned banks about the risks associated with using Bitcoin as a form of payment. This highlights a growing trend among global regulators to express concerns over the use of cryptocurrencies.
Binance's CEO Advocates for Regulators to Possess In-Depth Knowledge of the Crypto Industry to Implement Appropriate Regulations
Changpeng Zhao, the CEO of Binance, emphasized the significance of regulators having an in-depth understanding of the cryptocurrency industry to implement appropriate regulations in a fireside chat at the Hong Kong Web3 Festival. The chat was moderated by Hashkey Capital's CEO, Deng Chao.
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