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FTT Token Surges as FTX Lawyer Says Exchange Could Reopen; Block’s TBD Partners With Yellow Card

FTX, the cryptocurrency exchange that collapsed spectacularly in November, is considering reopening at some point in the future as it navigates bankruptcy, its attorneys from Sullivan & Cromwell said in a court hearing on Wednesday. Separately, TBD, the bitcoin-focused subsidiary of Jack Dorsey’s Block (SQ), is teaming up with crypto exchange Yellow Card to enable cross-border payments in 16 countries across Africa.

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Jack Dorsey's Block Launches Service Provider to Make Lightning More Reliable

TBD, a division of Jack Dorsey's financial-technology company Block, has launched a new business entity named “c=” that focuses on improving liquidity and routing on the Lightning Network. CoinDesk Editor at Large Christie Harkin breaks down its significance to Bitcoin’s layer 2 scaling system.

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Jack Dorsey’s TBD Team Partners With Circle to Take US Dollar Stablecoin Savings, Remittances Global

TBD, the bitcoin-focused subsidiary of Jack Dorsey’s Block, is teaming up with USDC stablecoin issuer Circle to bring cross-border dollar-linked stablecoin transfers and savings to investors globally. “The Hash” team discusses what this means for the stablecoin markets and the crypto industry at large.

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Jack Dorsey’s TBD Announces Web 3 Competitor: Web5

Jack Dorsey is taking on Web3, with Web5. At CoinDesk’s Consensus Festival in Austin, Dorsey’s TBD – the bitcoin-focused subsidiary of Dorsey’s Block (SQ) – announced its new vision for a decentralized internet layer on Friday.

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