FameEX Morning Crypto News Recap | April 13, 2023
FTX Considers Relaunching Exchange Following Successful Retrieval of $7.3B in Assets
The legal team representing the debtors of Sam Bankman-Fried's bankrupt cryptocurrency exchange has suggested that FTX is considering restarting its operations in the future. The exchange filed for bankruptcy in November 2022 and has since been entangled in legal proceedings.
Elon Musk Allegedly Purchases Thousands of GPUs for Twitter AI Project
Elon Musk has reportedly purchased around 10,000 graphics processing units to further his AI projects at Twitter, according to anonymous sources close to the company. Despite spearheading a letter to halt AI development due to societal concerns, the Tesla, SpaceX, and Twitter CEO appears to be pushing forward with his own plans for developing AI infrastructure.
Argentina's Securities Regulator Greenlights Bitcoin Futures Index
Argentina's securities regulator has approved the debut of a Bitcoin-based futures index on the Matba Rofex exchange in May. The exchange claims it will be the first regulated Bitcoin futures index in Latin America. This approval comes as Argentina's central bank recently warned banks about the risk of Bitcoin as a form of payment, highlighting a growing concern among global regulators around the use of cryptocurrencies.
Binance CEO CZ: Proper Crypto Regulations Require Regulators to Have Deep Understanding of the Industry
During the Hong Kong Web3 Festival, Binance CEO Changpeng Zhao spoke in a fireside chat and stated that regulators need to possess a profound understanding of the cryptocurrency industry to enable appropriate regulation. The chat was moderated by Deng Chao, the CEO of Hashkey Capital.
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