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FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange

Apr 13, 2023 Robert Brown

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…

ai AI Blockchain ALEX Artificial Intelligence Asian Markets Blockchain blockchain ecosystem Blockchain Industry chatbot circulating supply crypto community crypto market crypto space Cryptocurrency Cryptogpt decentralized finance Digital Assets Digital Currency DWF Labs ERC20 Financing Funding gas token GPT Innovation investment L2 Blockchain L2 project Layer 2 Blockchain market maker network transactions Openai models Series A Funding Round Social media startup Technology token economy token holders Twitter valuation Web3 ZK-rollup technology

AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

Apr 11, 2023 Robert Brown

A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A…

30-day statistics aftermath Altcoins Binance USD circulating supply collapse crypto industry DAI decline Decrease Dollar Altcoins dollar-pegged tokens economic conditions expansion external factors FRAX FTX Implosion increase issuer Market Capitalization Market Valuation market volatility redemptions regulatory developments Reserve Security significance Stability Stablecoin strength Supply Terra UST Tether Top Five trade volume underlying reserve usd coin

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

Feb 14, 2023 Robert Brown

While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November…

$16.1 billion $492 million $898.16 million 5 billion 9 alleged violations Binance Binance USD BUSD circulating supply enforcement action financial institution founded investor protection laws ItBit limited-purpose trust charter Market Capitalization monitor News NYDFS PAXG Paxos Paxos Trust Company probe redemptions SEC securities regulator situation Stablecoin stablecoin issuers Supply technology company unregistered security USDP wells notice year-to-date statistics

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

Feb 13, 2023 Robert Brown

According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission…

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