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US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins

According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos Complies With U.S. Law Enforcement Request to Freeze 11,184 PAXG Paxos updated …

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Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX

After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and …

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Crypto Exchanges Need Proof Of Reserves: Bitcoin Policy Institute Report

A new report from the Bitcoin Policy Institute discusses why the industry needs to adopt proof of reserves following the bankruptcy of FTX exchange. The Bitcoin Policy Institute (BPI), a non-profit dedicated to furthering governmental Bitcoin adoption, has released a new report discussing proof-of-reserves (PoR) in the bitcoin and cryptocurrency ecosystem following the FTX collapse, …

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After FTX Implosion, It’s Time To End Bitcoin’s Dysfunctional Relationship With Crypto

Michael Saylor’s recent dysfunctional relationship comment perfectly summarizes the disconnect between bitcoin and crypto. This is an opinion editorial by Tim Niemeyer, a Bitcoiner since circa-2018 and co-host of the Lincolnland Bitcoin Meetup in Springfield, Illinois. “Bitcoiners are trapped in a dysfunctional relationship with crypto and we want out!” — Michael Saylor Amidst the carnage …

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